Caterpillar mining business breaks even in 2Q15
Weak commodities demand and unfavourable exchange rates saw Caterpillar Resource Industries Group profit evaporate in 2Q15 from US$114 million on the previous year.
Weak commodities demand and unfavourable exchange rates saw Caterpillar Resource Industries Group profit evaporate in 2Q15 from US$114 million on the previous year.
Anglo American has appointed Tony O’Neill to the board as an executive director with responsibility for mining and technology, business performance, projects and safety, health and environment.
In a recent report on the global mining equipment market, Grand View Research forecast the market to grow to US$95.14 billion by 2022 with recovery coming post-2017.
ROM coal production at Atlantic Coal’s Stockton anthracite mine jumped 12% on the previous quarter in 2Q15.