BHP Billiton, the world’s largest diversified resources company, is continuing its takeover proposal.

BHP Billiton, the world’s largest diversified resources company, is continuing to pursue its takeover proposal with Rio Tinto – who rejected the move on 8 November – by making both sets of shareholders aware of the potential benefits of the offer.

Among the proposed benefits is that the combination of the two companies would give Rio Tinto shareholders three BHP Billiton shares for each Rio Tinto share held,  and that such a combination would create a minerals industry ‘super major’.

BHP Billiton said in a statement: “BHP Billiton considers the combination of BHP Billiton and Rio Tinto as the most logical and compelling consolidation opportunity for both companies. The fit in terms of value, strategy, asset mix and quality, as well as culture, is without comparison in the natural resources industry.”

Rio Tinto has so far previously rejected BHP Billiton’s plans.