Pestalozzi advises Rio Tinto on its joint venture with BHP Billiton
Rio Tinto and BHP Billiton established a production joint venture covering the entirety of both companies' Western Australian iron ore assets. The joint venture encompassed all current and future Western Australian iron ore assets and liabilities and is owned 50:50 by BHP Billiton and Rio Tinto. The joint venture is expected to unlock significant value from the companies' overlapping, world-class resources. Pestalozzi acted as Swiss counsel to Rio Tinto.