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Caterpillar in deal to buy Chinese coal mining equipment company

International Mining | November 11, 2011 | 12:56 am China Europe 

era.jpg According to a report in the Wall Street Journal, Caterpillar has reached an agreement to buy Chinese coal equipment company, ERA Mining Machinery, for $887 million, giving it greater exposure to the potential opportunities in the modernisation of China’s coal mines. Caterpillar’s...

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