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Mining - 22 October 2015

 

Yancoal coal production drops in 3Q15

Restructuring at the Austar and Abel mines, combined with a scheduled longwall move at the Ashton mine, saw Yancoal’s coal production fall 12% in 3Q15.

 

Caterpillar mining business announces loss

Caterpillar’s Resource Industries business has announced a quarterly loss of US$68 million as sales fell 17% in 3Q15. Overall, the company recorded sales of US$11 billion