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EMD-82-11 1 (1981-10-07)

handle is hein.gao/gaobabcom0001 and id is 1 raw text is: V / / U j S...... UNITED STATES GENERAL ACCOUNTING OFFICE WASHINGTON, D.C. 20548 Q.T ....... -, wtJde tb General VISION , -j citk approval ENERGY AND MAINERALS DIVIION|?Y ;' '; ' ...... . ''° October 7, 1981 B-204468 RELEASED The Honorable James D. Santini Chairman, Subcommittee on Mines and Mining Committee on Interior and Insular Affairs 116687 House of Representatives Dear Mr. Chairman: Subject: The Impact of Antitrust Enforcement on the Country's Minerals Posture (EMD-82-11) Increasing concern has been expressed about the ability of the U.S. minerals industries to develop, process, and obtain continuous access to minerals needed to satisfy the Nation's industrial re- quirements. In response to this concern you introduced H.R. 3364 in the 97th Congress. The bill proposes the creation of an ex- ecutive branch Council on Minerals and Materials and several other measures that would help to establish a national minerals policy. Title VIII of the bill would require the Attorney General !to review the U.S. antitrust laws, rules, and regulations to deter- imine their effect on the productivity and profitability of the domestic mining and minerals Industries. This title addresses the views of some critics that U.S. antitrust policy has at times been counterproductive, has been too concerned with domestic market concentration, and has reduced the ability of the U.S. minerals industries to achieve adequate economies of scale or to take advantage of other cooperative arrangements that would allow them to better compete with overseas competitors. OBJECTIVES, SCOPE, AND METHODOLOGY In connection with title VIII, you requested on July 1, 1981, that our Office do a preliminary review of antitrust :enforcement as it relates to the minerals industries, in order 'to help the Subcommittee draw conclusions on the feasibility of a broader-based study. (See enc. IV.) As agreed with the Subcommittee, we limited our review to two steps: determining 'the nature and level of recent antitrust enforcement directed toward attempts of U.S. nonfuel minerals firms to undertake cooperative actions such as mergers, joint ventures, and overseas consortia; and surveying and summarizing the perceptions of principal minerals industry officials and other industry experts about antitrust (008439)

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