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DYNO Nobel Inc. and other Mining Companies

A criminal antitrust probe into the explosives industry finally wrapped the last remaining monies from a $60 million settlement against two of the largest manufacturers of explosives that began in 1992. One of the companies, Salt Lake City-based DYNO Nobel, paid a fine of $15 million. Manufacturers and distributors of commercial explosives allegedly conspired to fix prices, rig bids and allocate customers among themselves. The remaining $48,887 was awarded to the Salt Lake Community Action Program (SLCAP) and the American Antitrust Institute in Washington, D.C. The institute and SLCAP were among the groups that applied for the leftover settlement funds. (Jun-19-06) [SALT LAKE TRIBUNE]

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Last updated on Jun-20-06

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