Mining’s old guard needs strong medicine
A new report details subpar investor returns in the mining industry over the last decade, particularly big cap diversified companies which have not adapted to new realities.
In its rolling three-month sales statistics, Caterpillar said worldwide sales for its resource section was down 27% compared to a year ago.
Caterpillar disclosed the sales in its Form 8-K published today. The results are unaudited.
The sharpest decliner was Latin America with a 43% decline.
Caterpillar stock was down 1.51% to $83.52. The 52-week high is $111.46 and low is $78.81.
Rolling-three month sales figures from Caterpillar’s 8-K. Missing divisions are energy and construction.
