Mining

A recent survey of 100 European mine managers shows the majority expect expenditure on mining equipment and services to be steady throughout 2015.

Recent developments in the European mining industry indicate potentially promising outlooks for Eastern Europe as well as Scandinavia.

Atlas Copco grew in 1Q15, despite weak equipment orders. Overall demand for the group is expected to increase somewhat in the near term.

Former CEO of Xstrata, Mick Davis, has said 2015 could be the year that his new company – X2 – starts to get deals done.

Caterpillar (Langfang) Mining Equipment Co. has manufactured its first full AFC system for longwall mining.

Blastcrete Equipment Co.’s D3522 attachment is considered an economical alternative for hot epoxy grouting since it is the only hot epoxy pump that can be powered by an existing hydraulic power source.

For the sixth consecutive quarter, net sales have improved y/y for Allison Transmission. This is due to continued recovery in the North America on-highway end market, higher demand in the North America off-highway end market and price increases on certain products.

Coal production in the US dropped substantially for the week ending 26 April according to the latest figures from the US Energy Information Agency and the National Mining Association.

In keeping with its planned succession process, Arch Coal has announced several changes to its board of directors with John Eaves elected as chairman as well as CEO.

Peabody Energy announced results for 1Q15, reporting US$1.54 billion revenue.

Anglo American’s export metallurgical coal production dropped 17% after its Canadian operation Peace River Coal was put on care and maintenance in 4Q14 and Australian production was impacted by tropical cyclone Marcia.

Vale’s coal output dropped y/y in 1Q15 due to an abnormal rainy season in Mozambique and lower availability of plant and equipment.

GVK Hancock is developing three coal mining projects in the Galilee Basin.

President Engineering Group secures Queen’s Award For International Trade.

Timetric’s Mining Intelligence Centre conducted a survey and found OEMs may lose market shares if they do not support cost reduction.