Mining’s old guard needs strong medicine
A new report details subpar investor returns in the mining industry over the last decade, particularly big cap diversified companies which have not adapted to new realities.
The United States Supreme Court has denied Metso the right to appeal a decision by the United States Court of Appeals for the Federal Circuit in a patent infringement lawsuit between Metso and Terex Corporation that rejected Metso’s claims for damages against Terex. As a result, this ruling remains final.
The dispute between Metso and Powerscreen International Ltd. (today known as Terex GB Ltd.) covered Metso’s claims for damages related to a patent covering conveyers used in various mobile crushing and screening machinery. Metso has issued stock exchange releases on the case on December 7, 2010, December 12, 2011, and May 15, 2013.
The outcome is not expected to have any significant financial impact on Metso.
