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May 16, 2012
Barrick South America

Barrick Gold holds some of the world’s most exciting gold projects in its South American portfolio, and is determined to lead the mining industry in responsible mining.

Barrick Gold holds some of the world’s most exciting gold projects in its South American portfolio, and is determined to lead the mining industry in responsible mining. Julia Smith reports on its contribution to sustainable development and environmental best practice.

January 27, 2012
Caterpillar reports record sales and profit for Q4 and full-year 2011

Caterpillar delivered record-breaking 2011 sales and overall revenues of $60.14 billion, an increase of 41 percent from $42.59 billion in 2010.

Caterpillar delivered record-breaking 2011 sales and revenues of $60.14 billion, an increase of 41 percent from $42.59 billion in 2010.

Profit in 2011 was $4.93 billion, an increase of 83 percent from $2.70 billion in 2010. Profit per share of $7.40 was up 78 percent from $4.15 in 2010.

Excluding the impact of the acquisition of Bucyrus International, Inc, 2011 profit was $7.79 per share, up 88 percent from a year ago.

January 23, 2012
2012 will not be quiet

The Mayans predicted that 2012 would bring the end of days. Let’s hope it doesn’t, but it’s sure to be a turbulent year, says Peter Leeds.

The Mayans predicted that 2012 would bring the end of days. Let’s hope it doesn’t, but it’s sure to be a turbulent year, says Peter Leeds.

 

 

Whether the Mayans were right or not remains to be seen, but I am predicting a turbulent year in which major events will play out on the world stage that may forever alter our history. Based on analysis which I conduct for my financial newsletter, the following 12 points are what I'm expecting to see in 2012.

December 15, 2011
Caterpillar sells part of Bucyrus distribution business

After completing the acquisition of Bucyrus earlier this year, Caterpillar is selling part of the former Bucyrus distribution business to the Industrial Division of Malaysian-based multinational Sime Darby Berhad.

After completing the acquisition of Bucyrus earlier this year, Caterpillar is selling part of the former Bucyrus distribution business to the Industrial Division of Malaysian-based multinational Sime Darby Berhad.

The transaction, valued at approximately $360 million, involves the Sime Darby Industrial Cat dealerships operated by Hastings Deering in Queensland and the Northern Territory of Australia, Papua New Guinea and New Caledonia.

July 11, 2011
Caterpillar gets final go-ahead to acquire Bucyrus

Caterpillar is in the clear to acquire mining equipment manufacturer Bucyrus International, after approval Friday from the Ministry of Commerce of the People's Republic of China (MOFCOM).

Caterpillar is in the clear to acquire mining equipment manufacturer Bucyrus International, after approval Friday from the Ministry of Commerce of the People's Republic of China (MOFCOM).

The United States Department of Justice cleared the transaction in May, and the MOFCOM clearance is the last major regulatory requirement needed for the acquisition to be completed. The deal, valued at approximately $8.8 billion (including net debt), is expected to close shortly.

May 23, 2011
CAT cleared to buy Bucyrus

The United States Department of Justice has given the go-ahead for Caterpillar to acquire mining equipment manufacturer Bucyrus International, concluding the antitrust review process in the US.

The United States Department of Justice has given the go-ahead for Caterpillar to acquire mining equipment manufacturer Bucyrus International, concluding the antitrust review process in the US.

The clearance by the DOJ will allow the acquisition, valued at approximately $8.6 billion (including net debt), to proceed as soon as all other conditions to closing have been satisfied. The transaction is expected to close in mid-2011.

The acquisition is based on Caterpillar's key strategic imperative to expand its leadership in the mining equipment industry.

May 2, 2011
Caterpillar earns record quarterly profits

Caterpillar has reported all time quarterly record profits for Q1 2011, driven by the continuing improvement in global demand for its products and its focus on cost management.

Caterpillar has reported all time quarterly record profits for Q1 2011, driven by the continuing improvement in global demand for its products and its focus on cost management.

First-quarter revenues of $12.949 billion were up 57 percent from $8.238 billion in the first quarter of 2010. Profit was a record $1.225 billion in the quarter, an increase of 426 percent from $233 million in the first quarter of 2010.

January 13, 2011
Tata Steel Processing And Distribution Limited

Abraham Stephanos, COO of Tata Steel Processing And Distribution Limited, talks to Jayne Alverca about the challenges of shifting focus from a manufacturing orientation to viewing service as a key differentiator.

Abraham Stephanos, COO of Tata Steel Processing And Distribution Limited, talks to Jayne Alverca about the challenges of shifting focus from a manufacturing orientation to viewing service as a key differentiator.

 

August 26, 2010
Hitachi Construction Truck Manufacturing

Ontario-based Hitachi Construction Truck Manufacturing has a strong customer base in mega mining trucks around the world but receives surprisingly little recognition in Canada. Executive VP Bruce Murray explains how the company is preparing to raise its profile in the North American market.

Ontario-based Hitachi Construction Truck Manufacturing has a strong customer base in mega mining trucks around the world but receives surprisingly little recognition in Canada. Executive VP Bruce Murray explains to Gay Sutton how the company is preparing to raise its profile in the North American market.

 

August 20, 2010
Caterpillar invests to grow

Caterpillar CEO Doug Oberhelman gave a presentation followed by a question and answer session yesterday at The New York Stock Exchange to review the company's updated five-year strategy and goals with analysts and investors.

Caterpillar CEO Doug Oberhelman gave a presentation followed by a question and answer session yesterday at The New York Stock Exchange to review the company's updated five-year strategy and goals with analysts and investors.

Oberhelman expressed confidence about Caterpillar's growth opportunities throughout the world and the company's strategic focus on operational execution, which will drive financial performance over the next five years.

August 2, 2010
New Caterpillar facility in North Carolina will create 400 jobs

Caterpillar has chosen Winston-Salem, North Carolina as the site of its new powertrain components manufacturing and assembly facility.

Caterpillar has chosen Winston-Salem, North Carolina as the site of its new powertrain components manufacturing and assembly facility to provide extra capacity for its expanding business in global mining operations. Sites in South Carolina and Alabama had also been under consideration for the plant.

June 18, 2010
Caterpillar to increase mining offerings

Caterpillar Inc. has said it plans to invest almost $700 million over the next four years to start producing mining shovels and expand production of its trucks at plants in Illinois and India.

Peoria, Illinois-based Caterpillar, the world's largest maker of construction and mining equipment, said it plans to add a new mining shovel production line at its Aurora, Illinois plant as well as expanding truck production in Decatur, Illinois and Chennai, India.

The new mining shovels will range from 125 ton to 800 ton models. The 125 ton shovels are expected to be available from 2011, with larger models following in 2013 and 2014.

July 1, 2009
VR Group

Buckets of determination
The VR in VR Group stands for John Van Reenen, and in many ways the company reflects the man—resilient, single-minded and, in a word, entrepreneurial. John O’Hanlon talks to him about building a global business.
Being fired from one’s first three jobs doesn’t look good on any résumé, but after the third time, John Van Reenen had already decided the only person who could employ him successfully was himself. He was a qualified chartered accountant who couldn’t settle for sitting in the back office and being told not to meddle with marketing or production.