International Construction Products alleges Big 3 manufacturers are colluding to keep the 1-year old company from selling cheap Chinese equipment in the US.
It’s a common stat in the sector: only 1 in 1,000 discoveries becomes a mine. But David Harquail, president and CEO of Franco-Nevada, takes that sobering fact one step farther.
The Australian junior iron ore producer is also studying whether it needs to write down the value of any assets ahead of next month’s half-year result.
The iron ore price fell again on Thursday losing nearly 6% in four days and falling to a fresh five-and-a-half year low within shouting distance of $60.