With revenues of $60 billion last year and operations at the ends of the earth, few companies are in a better position to take the pulse of the global economy and the resource sector than Caterpillar.
But what is it saying about the outlook for 2012?
The federal government is working to speed into place changes this year to expedite the regulatory review of new industrial projects. Ottawa plans to unveil new plans in “months, not years,” Natural Resources Minister Joe Oliver said in Calgary on Wednesday.
Kinross Gold was taking more punishment on Wednesday morning after its stock was downgraded and US securities litigation firm Holzer Holzer & Fistel announced it is investigating potential violations of federal securities laws by the miner over gold grades at its Tasiast property. Then at 13:30 the stock popped into positive territory after a single trade worth $72 million went through.
Labour negotiations between BHP Billiton and unions representing coal workers are at an impasse and could disrupt coal operations across Eastern Australia.
Kinder Morgan Energy Partners, L.P. (NYSE: KMP) today announced plans to invest approximately $140 million to further expand its coal handling facilities along the Gulf Coast.
A new survey out Tuesday shows South Africa’s appeal for mining investment has declined dramatically since 2006 and the country now ranks a lowly 67th out of 79 countries in the study.
The Scotland Herald reports plans to build a $4.6 billion coal-fired power station in the UK with carbon capture and storage (CCS) technology suffered another serious setback this week after the French firm that operates near-by reactors warned that the proposed coal plant endangers the safety of the nuclear facility.