CAPITAL MARKETS

CVRD to answer rail monopoly claims

ANTI-MONOPOLY legal action against Brazil's CVRD iron ore mining group is gathering pace with the company being called on to prove it is not engaging in monopoly activity over the use of its railway lines.

Tim Treadgold

The action is being heard by Brazil's anti-trust council, CADE. CVRD's competitors claim it is using its control of the railway system to limit competition in the iron ore industry. If CVRD cannot...

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