Caterpillar

VIDEO: A really big game of Jenga played with Cat machines

Michael Allan McCrae | April 18, 2014
jenga 600 2 feat

Don't topple the structure.

Caterpillar sees 'some signs of improvement' but expects mining companies to further reduce costs in 2014

Ana Komnenic | January 28, 2014
Caterpillar sees weak sales to resource industries in 2014

Expects sales and revenues to be similar to 2013 as sales to the resource industry decline modestly.

Using natural gas to mine for oil sands – a strategy by Shell and Caterpillar

Ana Komnenic | December 16, 2013
Using natural gas to mine for oil sands

The companies have signed an agreement to test a new truck engine which would run on liquefied natural gas rather than diesel.

Suppliers Metso, Sandvik still hurting from slowdown

Cecilia Jamasmie | October 24, 2013
Suppliers Metso, Sandvik still hurting from slowdown aftermath

Metso's Q3 mining and construction orders fell 19%. Sandvik's net profit fell 22%.

Caterpillar sees no signs of improvement on the horizon

Ana Komnenic | October 23, 2013
Caterpillar Q3

Share price drops more than 6% following Q3 profits of less than $1 billion.

Caterpillar mows down more jobs

Ana Komnenic | September 28, 2013
Caterpillar cuts more jobs

Targeting support and management positions.

Equipment suppliers feel the pinch

Ana Komnenic | August 28, 2013
Joy Global takes a hit

Joy Global reports 36% drop in orders.

Caterpillar profit drops for second successive quarter due to weak mining demand

Cecilia Jamasmie | July 24, 2013
Caterpillar profit drops for second successive quarter due to weak mining demand

CAT's revenue in the resource segment, which is dominated by mining, plunged 34%.

Mining suppliers short-term forecast mainly overcast: report

Cecilia Jamasmie | June 11, 2013
Mining suppliers short-term forecast mainly overcast: report

Experts say mining services providers’ earnings will continue to fall this year.

Collapse of equipment makers adds fresh evidence the mining boom is over

Cecilia Jamasmie | May 1, 2013
Collapse of equipment makers adds fresh evidence the mining boom is over

Analyst warns that major mining companies’ current focus on returns will reduce supply growth and lead to higher commodity prices.

More jobs axed at Caterpillar’s Burnie plant

Cecilia Jamasmie | February 4, 2013
More jobs axed at Caterpillar’s Burnie plant

Total workers down to 500.

VIDEO: How Caterpillar dominates

MINING.com Editor | January 29, 2013
catepillar video bloomberg three

Coming to grips with CAT's size and dominance

Era Mining former boss 'shocked' by Caterpillar allegations

Cecilia Jamasmie | January 29, 2013
Era Mining former boss 'shocked' by Caterpillar allegations

Emory Williams, who was one of the largest individual shareholders of ERA, said he was “shocked, dismayed and surprised” by Caterpillar's claim allegations that accounting misconduct took place before the deal closed.

Deloitte, Ernst & Young apparently botched Caterpillar's China due diligence

Cecilia Jamasmie | January 25, 2013
Deloitte and Ernst & Young involved in Caterpillar-Chinese equipment fraud: report

Financial Times is reporting that Deloitte was in charge of auditing the working capital for ERA, while Ernst & Young conducted overall evaluation of the transaction.

Chinese coal equipment fraud burns almost 10% off Caterpillar's 2012 earnings

Frik Els | January 19, 2013
Chinese fraud takes 10% off Caterpillar's 2012 earnings

China's Siwei mislead Cat over its profitability ahead of takeover.

Chile grants Finning International $500 million in mining contracts

Cecilia Jamasmie | November 8, 2012
Survey: Sweden, Western Australia among top-ranked mining jurisdictions

Canadian heavy equipment dealer Finning International (TSX:FTT) said Thursday it has been awarded contracts worth a total of $497 million from several Chilean mining companies.

Caterpillar to Sell Part of Bucyrus Distribution Business to Whayne Supply and Walker Machinery

Caterpillar | November 1, 2012

Caterpillar has announced similar transactions with other dealers over the last several months.

VIDEO: Caterpillar says miners are buying autonomous trucks to operate more safely

Michael Allan McCrae | October 23, 2012
ed mccord caterpillar 333

Hiring truck drivers to work in remote locations is expensive.

Caterpillar falls after lowering its outlook for 2015

Cecilia Jamasmie | September 25, 2012
shorter

Shares in Caterpillar Inc (NYSE:CAT), the world's largest earth-moving equipment maker, fell 2.2% after hours as the company cut its 2015 profit outlook. The company warned weaker commodity prices would result in a bigger-than-expected decline in demand, worsened by mining companies scaling back expansions and shelving major projects.

Chicago rejects coal-to-gas plant

Cecilia Jamasmie | August 13, 2012
rejection 333

Illinois Governor, Pat Quinn, exercised his veto power late on Friday to reject a bill that would have forced natural gas utilities to acquire synthetic gas at prices double the current market rate for the next 30 years.

How Caterpillar explains the world

The Atlantic Wire | July 26, 2012

Caterpillar builds machines for digging up the earth. When countries grow, they need more machines. When they stop growing, they need fewer. That's one reason why a company like Caterpillar, while perhaps not as sexy as Apple or Goldman Sachs, actually paints a better picture of the world economy than almost any other big corporation.

Slowdown? What slowdown? Caterpillar's best quarter in history

Cecilia Jamasmie | July 25, 2012
Doug Oberhelman

Caterpillar Inc (NYSE:CAT), the world's largest earth-moving equipment maker, raised its 2012 profit forecast on Wednesday based on its quarterly profit report, which beat by far most of Wall Street's gloomy outlooks.

Caterpillar sales up 11% in 3 months to end of May

MINING.com Editor | June 21, 2012
Caterpillar profit drops for second successive quarter due to weak mining demand

Strong demand for Caterpillar Inc.'s (NYSE:CAT) construction and mining equipment in North American continues to offset slow sales elsewhere in the world, as the company reported Wednesday an increase of 11% in global sales in the three months to the end of May.

Caterpillar and Westport Innovations enter the natural gas vehicles business

Cecilia Jamasmie | June 5, 2012
Caterpillar profit drops for second successive quarter due to weak mining demand

Earth-moving equipment maker Caterpillar (NYSE:CAT) will work with Canadian Westport Innovations (TSX:WPT) to develop natural gas-powered engines for mining trucks, locomotives and other heavy equipment that typically uses diesel.

Mining students to get virtual hands-on experience in new lab

MINING.com Editor | May 24, 2012
Technical College Training

Students in the mining and nuclear engineering department at Missouri University of Science and Technology will soon gain valuable hands-on training in heavy mining machinery, surface mining methods and materials handling systems in Missouri S&T’s new Virtual Surface Mining Facility.

Caterpillar workers strike at Illinois plant

Toronto Sun | May 1, 2012
Caterpillar profit drops for second successive quarter due to weak mining demand

About 800 workers at a Caterpillar plant in Joliet, Illinois went on strike early Tuesday morning less than two days after rejecting a six-year contract that included a $5,000 ratification in payment and participation in the company’s annual bonus plan.

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