To strengthen its world-class product and service offerings, Caterpillar Inc. is aligning its machine product and marketing organizations to sharpen customer focus, position the company to achieve its 2010 and Vision 2020 goals and build deep expertise in product development.
“We are well-positioned for long-term success,” said Caterpillar Chairman and CEO Jim Owens. “And Team Caterpillar [...]
In response to tremendous growth opportunities in global natural resources business sector, Dubai World today announced the formation of a new business unit, Dubai Natural Resources World, designed to explore new long-term investment avenues, while contributing positively towards sustainable development.
Dubai Natural Resources World will drive the growth of the Group’s interests across the entire natural [...]
Hydro and the metals and mining company Vale have agreed to construct a new alumina refinery in northern Brazil, strengthening Hydro’s future alumina supply in line with its growth strategy.
Under the agreement, which is a conclusion of a memorandum of understanding (MoU) signed by the parties in July 2007, Hydro will hold a 20-percent share [...]
Newmont Mining Corporation announced the selection of Brian Hill as Executive Vice President, Operations and other executive management appointments, effective October 1, 2008.
Richard O’Brien, Newmont’s President and CEO, said, “Our Executive Leadership Team is now established and well positioned to drive further improvement in our operational and project execution. As we continue to develop our [...]
Kennametal Inc. announced today that it has signed a definitive agreement to acquire the assets of Tricon Metals & Services, Inc. Closing is planned for October 2008 and remains subject to negotiated conditions of closing. Tricon will become part of Kennametal’s Advanced Materials Solutions Group (AMSG), and the acquisition is expected to be accretive to [...]
Multi-Shot, LLC and Denham Capital announced that Denham will make a majority equity investment of $165 million in Multi-Shot, a leading independent provider of directional drilling services in the North American oilfield services industry.
Multi-Shot, headquartered in Conroe, Texas, is an independent directional drilling services company. The Company operates throughout the continental United States. It has [...]
MACARTHUR Coal’s dealings with Asian companies could come under pressure following corruption charges against mining magnate Ken Talbot.
Academics said some Asian companies might be concerned about the perception of corruption, particularly if it reflected on themselves.
But one industry consultant with coal marketing experience did not think it would affect customer negotiations, saying some might even [...]
London equities made further progress on Thursday as the London Stock Exchange intensified its attempt to fend off Nasdaq’s hostile bid and the mining sector tracked commodities prices higher.
The FTSE 100 opened 0.5 per cent higher at 6,237.5, a gain of 33 points, dominated by resurgent resource stocks. A flurry of newsflow from mid-cap stocks [...]
The FTSE moved higher on Thursday as mining stocks tracked commodities prices higher.
By late morning, the FTSE 100 was up 26.2 points, or 0.4 per cent, to 6,237.5 while the mid-cap FTSE rose 29.8 points, or 0.3 per cent, to 11,124.1.
Overnight, the US Dow Jones Industrial Average closed little changed at 12,577.2 while in Asia, [...]
Gemcom Software International , a global provider of mining software and service solutions, today announced that it has completed a R4.5 million (approximately CAD $680,000) deal with Debswana’s Orapa operation for the implementation of Gemcom’s collaborative GEMS platform.
“Several years ago, we worked with Debswana’s Jwaneng operation to help them improve efficiency at the mine site [...]
