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Caterpillar Plans Offer To Buy China's ERA Mining Machinery For About $887 Mln

Construction and mining equipment manufacturer Caterpillar, Inc. (CAT: News ) said Thursday it will offer to acquire Chinese equipment maker ERA Mining Machinery Ltd. for about 6.9 billion billion Hong Kong dollars or $887 million in order to expand market share and modernize its operations in China, where mine modernization will continue to drive demand for equipment.

ROUNDUP: Anglo American Q3 Iron Ore Output Rises, But Copper Production Falls

LONDON (dpa-AFX) - Miner Anglo American Plc. (AAL.L) Thursday reported a 3 percent rise in iron ore output for the third quarter, but copper production declined 9 percent hurt by lower grades at mines in Chile and poor weather conditions. Iron ore and...

Patriot Coal sees lower Q3 production

WASHINGTON (dpa-AFX) - Patriot Coal Corp. (PCX), a Missouri-based Coal producer, Friday said it expects coal production in the third quarter to be down by 450,000 tons, citing geological and equipment problems.The mining corporation said completion of

Gold extends gains as Fed pledges to keep rates low

The price of gold was extending gains for a fourth session Wednesday morning after the Federal Reserve yesterday pledged to keep rates exceptionally low until at least mid-2013

AuRo Resources closes White Gold transaction in Columbia

AuRo Resources is a mineral exploration company with major land positions in Colombia's leading gold camps. The Company holds property interests in three of the country's most prolific gold regions in Antioquia, Tolima-Quindio, and Santander-Norte de Santander. AuRo shares trade on the TSX Venture Exchange.

Gold steady after Monday record high

Gold prices crept up on Tuesday, but failed to top yesterday's record intraday highs amid flickering hopes that U.S. lawmakers will raise the nation's debt ceiling. Gold for August rose $4.60 to $1,616.80 an ounce, having briefly hit above $1,620 in the previous session.

Gold Steady Above $1,610 On US Debt Concerns

The price of gold was firm above $1,610 Tuesday morning as the U.S. dollar was trading weak amid U.S. debt stalemate. Gold for August delivery, the most actively traded contract, edged down $1.00 to $1,611.20 an ounce.

Gold steady around $1,600

The price of gold was steady near $1,600 Thursday morning as traders await cues from the European leaders summit, due later today, on a second round of aid for Greece. Gold for August delivery, the most actively traded contract, edged up $3.20 to $1,600.10 an ounce.

Schnitzer steel industries Q3 profit drops

Schnitzer Steel Industries, Inc. (SCHN) posted third-quarter net income attributable to the company of $33.03 million or $1.18 per share compared to $40.45 million or $1.43 per share a year ago.Income from continuing operations for the quarter fell to

Asian Markets Trade Notably Lower

Asian stock markets are mostly trading notably lower on Monday with a weak lead from Wall Street and recent disappointing economic reports from the region hurting sentiment and triggering some hectic selling.