Русско-англо-русский юридический словарь

A natural monopoly is a monopoly in an industry in which it is most efficient (involving the lowest long-run average cost) for production to be concentrated in a single firm. This market situation gives the largest supplier in an industry, often the first supplier in a market, an overwhelming cost advantage over other actual and potential competitors, so a natural monopoly situation generally leads to an actual monopoly. (Wikipedia)

ArcelorMittal has halved production and is offering voluntary redundancy to 9,000 of its 315,000 staff around the world. ArcelorMittal's chief executive, Lakshmi Mittal, said the cuts were a "temporary suspension of production in view of the market conditions". "Customers have stopped buying steel and are using up their current inventory," he told shareholders. "There is absolutely no point continuing to produce what we know we cannot sell." (The Guardian)

However, in a sign that Ivan Glasenberg, Glencore Xstrata’s billionaire chief executive, is determined to tighten controls on costs, the group also announced the suspension of production at its iron ore operation in Australia. The recent collapse in the price of iron ore and increasing production costs led to the decision. (The London Evening Standard)

The Board of China New Energy Limited is pleased to announce that the Company has entered into an Agreement of Intent with a Chinese State-Owned ethanol producer, which has a total of 600,000 tonnes of ethanol production capacity, to convert an existing facility into a more efficient and advanced facility with a capacity of 50,000 tonnes of biofuel per year. (Reuters)