BUCYRUS INTERNATIONAL

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US Department of Justice clears Caterpillar acquisition of Bucyrus

International Mining | May 23, 2011
Mining Truck

Caterpillar and Bucyrus International have received notification from the US Department of Justice (DOJ) that it has closed its investigation into Caterpillar’s planned acquisition of Bucyrus. The DOJ action, in addition to the expiration of the Hart-Scott-Rodino Act waiting period, concludes the antitrust review process in the US. The clearance by the DOJ will allow the acquisition, valued at approximately $8.6 billion (including net debt), to proceed as soon as all other conditions to closing have been satisfied. The transaction is expected to close in mid-2011. The implifications of this acquisition were considered in detail in IM, December 2010.

  • U.S. Department of Justice clears Cat acquisition of Bucyrus

    aggregates manager | May 23, 2011

    The United States Department of Justice (DOJ) has closed the investigation into Caterpillar Inc.’s planned acquisition of Bucyrus International and cleared Cat to move forward. The DOJ action, in addition to the expiration of the Hart-Scott-Rodino Act waiting period, concludes the antitrust review process in the United States. Read more

  • Caterpillar, in biggest deal of its history, to buy Bucyrus International

    International Mining | November 15, 2010

    Caterpillar clearly believes in a strong future for the mining industry. It and Bucyrus International have entered into an agreement under which Caterpillar will acquire Bucyrus International in a transaction valued at about $8.6 billion (including net debt). Read more

  • Bucyrus to deliver India’s first highwall miner for Cuprum Bagrodia coal operation

    International Mining | May 17, 2010

    Bucyrus has received an order for a highwall miner from India – the first technology of its kind in the country. The machine will be operated by Cuprum Bagrodia (CB) of Kolkata at SECL's Sharda OC project and is expected to commence operation during the Q4, 2010. The operation contains multiple horizontal coal seams with [...]

  • Bucyrus to deliver India’s first highwall miner for Cuprum Bagrodia coal operation

    International Mining | May 17, 2010

    Bucyrus has received an order for a highwall miner from India – the first technology of its kind in the country. The machine will be operated by Cuprum Bagrodia (CB) of Kolkata at SECL's Sharda OC project and is expected to commence operation during the Q4, 2010. The operation contains multiple horizontal coal seams with [...]

  • Bucyrus boosts earnings

    mining.com editors | February 25, 2010

    BUCYRUS has increased net earnings 24% year-on-year in 2009 to $US313 million despite the global financial crisis, while the major OEM is expecting more weakness in the US coal industry, along with higher coking coal prices……more at International Longwall News

  • Bucyrus longwall for Bogdanka coal

    mining.com editors | August 10, 2009

    Crushing & Conveying     Bucyrus has won a contract to deliver a complete, automated plow longwall to Polish mine operator Lubelski Wegiel Bogdanka SA for its Bogdanka coal mine in Puchaczów. Bogdanka is one of Poland’s largest mine operators, producing …

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