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Finning wins C$100 mln oil sands contract
Finning International said on Tuesday it has won a contract worth more than C$100 million ($90.1 million) to provide a fleet of large mining trucks to be used in the Albian Sands oil sands project in northern Alberta.
The order for the 19 new Caterpillar 797B 400-ton mining trucks began in the first quarter of 2007, [...]
Shell oil joins coalition for greenhouse gas emissions caps
Royal Dutch Shell’s U.S. arm said Monday it has joined a corporate/environmental coalition urging Congress to require limits on greenhouse gases tied to global warming, the third oil major to do so.
The Anglo-Dutch company said it has joined the U.S. Climate Action Partnership, an alliance of big business and environmental groups that in January sent [...]
UPDATE: Caterpillar Shares Gaining On Earnings, Revised Outlook
Caterpillar Inc. shares rose 6% early Friday following the company’s better-than-expected first-quarter profit report, as worldwide demand for construction machinery helped overcome weaker markets in North America for housing and heavy-duty engines.
Along with raising its earnings forecast for 2007, the Peoria, Ill., manufacturer of bulldozers, scrapers and construction equipment (CAT) predicted the Federal Reserve would [...]
Komatsu: The Japanese Caterpillar
Faisal Laljee submits: Komatsu Ltd. is a Japanese entity that engages in the manufacture and sale of construction and mining equipment, industrial machinery & vehicles and electronics products. It is also expanding its businesses into other areas such as housing, transportation and logistics equipment.
Finning Delivers 100th Caterpillar 797 Haul Truck to Oil Sands
Finning International Inc.’s (Finning) Canadian division, Finning (Canada), is celebrating delivery of the 100th Caterpillar 797 haul truck to the Alberta oil sands. The 797, the largest mining truck in the world, was delivered to Albian Sands Energy Inc., which now operates 25 Cat 797 haul trucks at its Muskeg River mine. Albian’s truck fleet [...]
Caterpillar Gets a Lift
Caterpillar, known for its yellow bulldozers, could be called a trailblazer in Asia. The Peoria, Ill.-based construction equipment maker has been moving much of the business overseas and investors are finally noticing. Shares of the compnay rose 2.5% to $67.82 on Feb. 15 on news that Caterpillar executives are discussing a plan to buy most [...]
Caterpillar to use aPriori cost management platform
Caterpillar, the world’s largest maker of construction and mining equipment, diesel and natural gas engines, and industrial gas turbines, has purchased aPriori’s Enterprise Cost Management Software Platform to be used in its North American operations.
The aPriori Enterprise Cost Management Software Platform provides real-time, predictive cost assessments throughout the entire product development, manufacturing, sourcing and delivery [...]
Toromont Wins Mandate to Serve Goldcorp
Toromont Industries Ltd. (TSX: TIH) announced today that its Toromont CAT division has been selected by Goldcorp Canada Ltd. to supply and service a new fleet of Caterpillar underground mining loaders and trucks. This fleet will be replacing existing units at Goldcorp’s Musselwhite mine north of Pickle Lake, Ontario, and its Red Lake mine north [...]
Higher oil prices boost TSX, NY down as data reinforces rate worries
Rising oil prices gave the Toronto stock market a solid push ahead Friday morning.
But New York markets fell after early gains as solid economic data raised concerns about what where interest rates are heading. Toronto’s S&P/TSX composite index gained 60.01 points to 12,987.29.
The energy sector led advancers, up 1.1 per cent with the March crude [...]
