Earlier this year, rio tinto declined the offer from billiton for 1474bn dollars proposed takeover which has been improved 15 percent than the last year proposal.BHP Billiton pressed the case for its proposed takeover of the rival as it unveiled record for full-year profits on Aug.18,2008.No doubt,BHP has benefited a lot from the rapid urbanisation of China which has driven up demand for commerdies.By now, Mr Kloppers, chief executive of BHP Billiton, declined to comment on whether the company was close to meeting regulatory requirements for the proposal.