Caterpillar Inc. Mining News

Caterpillar advances latest machines and technology at AusIMM underground operators’ conference

Caterpillar Global Mining is participating in the AusIMM Underground Operators’ Conference as an exhibitor, conference sponsor and presenter.

Caterpillar and Fortescue moving forward with expansion of autonomous truck fleet in Australia

Companies have reached agreement for the expansion of Cat® Command for Hauling at Fortescue’s iron ore mines in the Pilbara region of Western Australia.

Caterpillar develops proof-of-concept battery electric LHD

Prototype of battery electric LHD will be sent to a Canadian mine site.

Caterpillar to build solar power plant for B2Gold Otjikoto mine in Namibia

The Canadian gold miner chose Caterpillar and Barloworld for 7 MW solar power installation at Otjikoto mine in Namibia.

Former U.S. Senator joins Caterpillar Board of Directors

Kelly Ayotte is a former U.S. senator representing New Hampshire from 2011 to 2017

Joy Global becomes Komatsu Mining

The Japanese firm has completed its $3.7bn takeover of the Milwaukee-based equipment maker.

Joy Global posts first-quarter loss, but will pay dividend

Joy will pay a dividend of $0.01 per share by March 31, provided that the proposed merger with Komatsu America Corp. does not close before the close of business on March 17, 2017.

Dr. Copper hints mining sector officially out of intensive care

Prices for the metal soared again Thursday to more than $5,700 a tonne.

Joy Global shareholders approve $3.7 billion acquisition by Komatsu

The deal still remains subject to closing conditions and regulatory clearances.

This is CAT's newest underground loader

The R1700K is designed to lower costs and increase productivity.

Cat® Hard Rock Mining business unit expands Underground Truck Design portfolio

The agreement will provide Caterpillar with additional design options in the 20-metric-tonnes and smaller payload class.

Finning to cut up to 500 extra jobs this year, chairman steps down

The layoffs are on top of the 1,900 positions Finning decided to axe last year.

Caterpillar to pay $74 million after found guilty of stealing trade secrets

England-based supplier Miller UK won a case filed five years ago, in which accused CAT of misusing classified information to produce its own coupler, rather than buying it from them.

Caterpillar sales down again, almost three straight years

The biggest drops were in the construction sector in Latin America (-41%) and in the resources industry in Asia (-37%).

Drop in mining sales takes toll on Komatsu Q2 results

Construction and mining equipment account for almost 90% of Komatsu’s revenue.

Caterpillar misses on earnings, slashes outlook

The world's largest equipment maker not only reported lower quarterly profits, but also cut its 2015 earnings forecast and warned its revenue would fall even further next year.

Caterpillar to axe 10,000 jobs over next three years

It also revised its guidance for 2015 down, saying sales and revenues for the year are now expected to be about $48 billion—$1 billion lower than the previous outlook.

This is what the CAT 336F L XE hybrid excavator looks like

It has a “smart” pump, boom works faster, and burns less fuel.

Caterpillar results beat expectations but forecasts weak year

The machinery giant doesn’t think it will remain strong for the rest of 2015.

Caterpillar Feb. sales down 11%

The company experienced a annual drop in the resource industries segment sales in every geographic region except Asia/Pacific.

VIDEO: CAT lights up lantern festival in remote Chinese village

The equipment maker brings the Lanter Festival to a remote Chinese village.

Commodity prices hit Caterpillar profit — down 25%

CAT keeps slashing costs as it tries to offset issues out of its control, such as the falling price for everything from iron ore to oil.

Caterpillar stock nosedives on JPMorgan downgrade

The analysts argued that as much as 15% of the machinery maker’s revenues are dependent on the oil and gas industry

CAT sees no significant impact from depressed oil prices

Depressed oil prices may end up helping, CEO Doug Oberhelman added.

VIDEO: Cat machines destroy world's tallest sand castle

Well, they built it, so they were entitled to do whatever they wanted with the new Guinness World Record holder for the highest sand-made fort.