Caterpillar’s cost-cutting efforts helped the heavy-equipment maker make up for slowing sales after demand was ravaged by the coronavirus pandemic.
Total operating costs were 25% lower, the company said in an earnings statement. Sales fell across the …
Caterpillar reduces costs to balance global demand slump Read More »
Following the announcement by President Cyril Ramaphosa on April 23 that South Africa’s strict lockdown restrictions will start to ease from May, engineering solutions provider Weir Minerals Africa is preparing to resume operations and shares the lesso…
Weir contributes to Solidarity Fund, shares lessons learned during lockdown Read More »
Caterpillar on Tuesday reported a steeper-than-expected decline in first-quarter earnings, with sales falling across all regions and all primary business segments as the coronavirus pandemic devastated economies around the world. The Deerfield, Illino…
Caterpillar earnings dive as coronavirus wreaks economic havoc Read More »
Empowered resources company Exxaro Resources has signed a memorandum of understanding (MoU) with equipment dealer Bell Equipment Sales South Africa (Bessa) to enhance the offering of its enterprise and supplier development (ESD) programme. The MoU, int…
Exxaro, Bell partner up to enhance supplier development offering Read More »
Global industrial company Metso is set to deliver high-performance crushing and material handling equipment to global diamond miner De Beers Group’s Venetia mine, in Limpopo. The Venetia mine is reported to produce an output of about four-million carat…
Metso delivers high-performance equipment to De Beers’ Venetia diamond mine Read More »
A Proudly South African continuous miner, which is being shipped to Australia for final assembly, is due to go into operation Down Under in May, Mining Weekly Online can today report. “It certainly shows that the Australian mining industry has gained …
Proudly South African continuous miner on its way into Australian mining market Read More »
Diversified miner Exxaro Resources and industrial equipment provider Barloworld Equipment (BWE) on Wednesday signed a memorandum of understanding (MoU) to formalise a partnership that will see contractors gain access to mining equipment at competitive …
Exxaro, Barloworld partner to help contractors acquire equipment Read More »
With the advent of democracy in South Africa, the ease of procurement globally put local manufacturers on “very shaky ground”, as they had to compete internationally almost overnight, while their commensurate market share contracted, Mining Equipment M…
Swedish engineering group Sandvik reported quarterly operating earnings below market expectations on Wednesday and said it would cut around 2 000 jobs to buttress profitability in the face of early signs of slowing market demand.
Sandvik said it had s…
Sweden’s Sandvik to cut 2 000 jobs as demand turns weaker Read More »
Sweden’s Epiroc said on Tuesday it expected current levels of demand to prevail in the near term after it reported lower than expected quarterly mining equipment orders, sending its shares lower. Epiroc, which competes against Sweden’s Sandvik and Finl…
Epiroc shares drop as mining gear orders disappoint Read More »
