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

MICROMINE Founder wins highest individual honour at Australian Mining awards

MICROMINE Founder and Director, Graeme Tuder won the Contribution to Mining Award at the Australian Mining Prospect Awards 2016 held at Dultone House in Sydney on Friday evening.

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 24, 2016

Gold Fields to spend $1.4 billion prolonging Ghana mine life

The investment will extend the life of the mine by eight years to 2024, in which the firm expects to produce 1.56 million ounces of gold there.

October 20, 2016

Glencore sells Australia coal rail unit for $874 million

With the deal, the Swiss group is only a step away from meeting chief executive Ivan Glasenberg’s target of $5bn in assets sales this year.

October 20, 2016

IHC Robbins strengthens position in Australia

IHC Robbins is long established in Brisbane and provides clients in the heavy minerals mining and processing sector with metallurgical testwork, practical engineering and specialized equipment. The company is now…

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

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 20, 2016

Cat scales back room and pillar business

CAT said it remains committed to existing customers.