Caterpillar Inc. Mining News

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.

When it rains…Iron ore, gold miners the most vulnerable to Ebola risk

Report shows there are 39 assets in production within the Ebola-affected region.

SEC probes Joy Global over acquisition of Chinese firm

The SEC is looking into Joy's acquisition of International Mining Machinery Holdings Ltd of China for about $1 billion and related accounting matters.

Caterpillar posts strong results despite poor mining sales

The equipment maker beat analysts' expectations and the stock is skyrocketing in premarket trading.

Caterpillar global sales down 10% in September

The equipment maker is scheduled to report third-quarter earnings Thursday.

Gold prices hurting miners? Throw Ebola into the mix

Deutsche Bank warned Friday that gold producers are the most vulnerable to a further spread of the deadly disease.

How do weak mining numbers and low capital expenditure impact Caterpillar

Demand for Caterpillar's construction equipment and machinery has been slipping globally since the last quarter of the 2012 fiscal year.