This is the new MLex platform. Existing customers should continue to use the existing MLex platform until migrated.
For any queries, please contact Customer Services or your Account Manager. Dismiss

Rio Tinto files antitrust complaint against its energy supplier in Iceland

( July 22, 2020, 21:39 GMT | Official Statement) -- MLex Summary: Rio Tinto has filed a formal complaint at the Icelandic Competition Authority against Landsvirkjun, alleging that the company, which supplies energy to Rio Tinto's ISAL aluminum smelter, abused its market power through discriminatory pricing and long-term power contracts. ISAL pays much more for its energy than other aluminum producers in the country do, which undermines its competitive position in the market, said Alf Barrios, chief executive at Rio Tinto's aluminum division. Rio Tinto cannot continue producing aluminum in Iceland if the power-pricing system isn't transparent, fair and globally competitive, Barrios added, calling on the watchdog to address the issue, otherwise the country could lose export industries with major employment such as ISAL. Statement follows. ...

Prepare for tomorrow’s regulatory change, today

MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.


Know what others in the room don’t, with features including:

  • Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
  • Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
  • Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
  • Curated case files bringing together news, analysis and source documents in a single timeline

Experience MLex today with a 14-day free trial.

Start Free Trial

Already a subscriber? Click here to login

Related Sections