CAPE TOWN, June 18- Huge mud-sifting machinery and other technological advances pioneered by De Beers over the past decade have enabled it to profitably exploit the world's largest marine diamond deposits in deep waters off Namibia. It is controlled remotely by a mining vessel called the "Mafuta", and both are undergoing major refurbishment in Cape Town.» Read More
STOCKHOLM, April 29- Compressor and mining equipment maker Atlas Copco forecast a slight rise in group-wide demand in the coming months as a pick up in the manufacturing and construction sectors more than offset lingering weakness from a slump in mining spending.
Breaking down Caterpillar's Q1 earnings beat aided by cost cuts in is mining equipment business, with Ann Duignan, JPMorgan machinery & multi-industry analyst.
Despite a slowdown in CAT's mining equipment business, CNBC's Jim Cramer says U.S. construction is back big, as he breaks down Caterpillar's Q1 earnings that exceeded the Street's forecast.
*Expects full-year earnings/share $0.70- $1.00 vs est $0.89. April 10- Heavy equipment retailer Titan Machinery Inc said it expects its construction machinery business to break even this year after losing money for two years, reducing the impact from a slowdown in its larger farm equipment division.
MOLINE, Ill., April 9- Steps away from a replica of the revolutionary 1837 steel plow at tractor company John Deere's headquarters sits a combine as big as a tank and packed with computer wizardry that harvests huge volumes of valuable data as it gathers crops.
WASHINGTON, March 28- Caterpillar Inc's offshore tax strategies will come under scrutiny on Tuesday at a U.S. Senate hearing expected to examine dealings by the world's largest mining and construction equipment maker in Switzerland, Bermuda and Luxembourg.
WASHINGTON, March 24- A U.S. Senate subcommittee known for investigating corporate tax avoidance said on Monday it will hold a hearing on April 1 to examine the offshore tax strategies of Caterpillar Inc, the world's largest mining and construction equipment maker.
*Kion aims to replace Toyota Industries as No.1. FRANKFURT, March 20- German forklift truck maker Kion aims to overtake Toyota Industries Corp to become global market leader no later than 2020 by focusing on growth in Asia and the United States, its chief executive said on Thursday.
March 6- Mining equipment maker Joy Global Inc said demand from miners for maintenance work was returning after more than a year of delay when its main customers struggled with a coal glut and weak prices. Joy Global's shares rose as much as 5.4 percent in early trading after the company also raised the lower end of its 2014 profit forecast range.
March 6- Joy Global Inc reported a two-thirds drop in quarterly profit due to lower demand for mining equipment in the middle of a coal glut, but the company said maintenance revenue was rising as miners can no longer delay work on old equipment.
March 6- Joy Global Inc, a mining equipment maker, reported a 66 percent fall in quarterly profit as coal miners struggling with oversupply cut spending. Joy Global, which gets about two-thirds of its total revenue from coal miners, has cut costs to offset the impact of lower sales.
March 6- Joy Global Inc, a mining equipment maker, reported a 66 percent fall in quarterly profit as coal miners cut spending due to weak prices caused by oversupply. The company's net income fell to $48.9 million, or 48 cents per share, in the first quarter from $142.1 million, or $1.33 per share, a year earlier.
Feb 12- Deere& Co posted a stronger-than-expected quarterly profit on Wednesday but kept its full-year forecast unchanged, indicating the challenges the farm equipment industry faces as commodity prices come off the record highs of recent years.
Feb 12- Deere& Co posted a stronger-than-expected quarterly profit on Wednesday as cost controls helped offset the effects of moderating demand for its tractors, harvesters and other agricultural machinery.
Feb 12- Deere& Co posted a stronger-than-expected quarterly profit on Wednesday as the company's efforts to control costs offset moderating demand from farmers for its tractors, harvesters and other agricultural machinery.
Feb 4- Agriculture machinery maker Agco Corp warned of weak demand in 2014 due to reduced farm income and forecast current-quarter earnings well below Wall Street expectations. Economic uncertainty in Europe, coupled with a slowdown in demand from U.S. farmers, has weighed on Agco as corn prices continue to slide, pressured by a record crop in 2013..
Feb 4- Farm machinery maker Agco Corp reported a 36 percent increase in quarterly profit as strong sales in Europe offset weakness in South America.
Canton, Ohio- based Timken joins heavy-equipment maker Caterpillar Inc and toolmaker Kennametal Inc in citing weakness in the mining sector as a drag on profit. Kennametal cut its organic sales growth estimate to 2-4 percent from 4-6 percent due to weak conditions in underground mining in the United States and China.
*Caterpillar profit stronger than expected; shares rally. Caterpillar Inc, however, limited the losses of the Dow and S&P 500. The stock jumped 5.9 percent to $91.29 after the maker of mining and construction equipment reported a stronger-than-expected quarterly profit.