By: Esmarie Swanepoel
The Australian Competition and Consumer Commission (ACCC) has called on mining magnate Andrew Forrest to explain his calls for iron-ore producers to work together to cap production to halt the fall of the iron-ore price.
“The ACCC will be looking closely at Forrest’s comments and the context in which they were made. In general terms, any attempt by Australian businesses to encourage competitors to restrict output is a matter of grave concern to the ACCC,” said ACCC chairperson Rod Sims. →