Caterpillar Mining News

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 appoints Denise Johnson as group president of resources industries

Formerly vice president with responsibility for the Material Handling & Underground Division.

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.

These are the top factors North American miners consider when buying equipment

A survey of over 100 mining equipment buyers and decision-makers shows that 40% of them are still focused on cost cuts.

Caterpillar's mining VP steps down

Curfman joined Caterpillar in 1994.

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.

Caterpillar CEO says more restructurings are likely

Strong greenback is another drag.

Caterpillar lets go of 50 workers

More cuts at the East Peoria, Illinois campus.

Caterpillar's worldwide sales down 12 pct in May

Asia up 40% but Latin America down 47%.

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.

Cat® excavator undercarriage enhances MD6640 Rotary Drill

Caterpillar has upgraded the MD6640 Rotary Drill with the new Cat® 390 excavator undercarriage, which helps minimize downtime, reduces operating costs and increases machine productivity.

VIDEO: CAT lights up lantern festival in remote Chinese village

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

IMAGE GALLERY: Here is what CAT’s new headquarters will look like

Take a peek at the six-block campus Caterpillar plans to build.

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.