October 25, 2016

Caterpillar axes sales forecast, warns factors depressing orders could linger

While quarterly earnings beat analysts expectations, revenue fell short of estimates and CAT also lowered its full-year guidance.

October 24, 2016

Caterpillar rally hindered by fresh drop in sales

The world’s largest heavy machinery maker has logged a 18% drop in global sales of machinery for the three-month period ended in September.

October 24, 2016

Mining robots key to colonizing Mars — Elon Musk

He envisions people living in big glass-carbon fiber domes on the surface, with additional areas mined out below the surface by robots for "industrial" uses.

October 20, 2016

Brazil charges 21 people with homicide in Samarco disaster

If convicted, accused executives could face sentences of between 12 and 30 years in prison.

October 20, 2016

Rio Tinto to ship less iron ore despite increased demand from China

Smaller rival Fortescue Metals went the opposite way — it increased iron ore exports by 5% in the Sep. quarter.

October 20, 2016

2017 not so good for nickel: BMI

BMI predicts that in 2017 nickel prices will start to moderately decline, as the global market moves into 27.2 thousand tonnes surplus.

October 20, 2016

BHP Billiton to lose chairman Jac Nasser next year

He said he had intended to announce his retirement last year but chose to stay on while BHP dealt with the aftermath of the Samarco mine disaster in Brazil.

October 19, 2016

World’s largest miner wants 50 pct of workforce to be female by 2025: report

"We challenge dated stereotypes about jobs in the resources industry.”

October 19, 2016

World’s top miner BHP Billiton finally sees signs of recovery in mining

BHP is not the first major player to flag green shoots in the mining industry. Caterpillar, the world's largest heavy machinery maker, said the same last month.

October 17, 2016

Caterpillar CEO Oberhelman to step down in March

Jim Umpleby, group president for energy and transportation, will succeed Oberhelman as chief executive.