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Earthmoving News

Caterpillar offers early retirement to 2 000 workers

By: Liezel Hill     11th February 2009 NYSE-listed construction equipment giant Caterpillar is offering a voluntary early-retirement incentive package to about 2 000 production employees, the group announced on Wednesday. The packages will be offered to workers at its Illinois facilities, as well as in Denver, Colorado; Memphis,... 

VR Steel acquires entire share capital of Chinese mining equipment maker

By: Brindaveni Naidoo     16th January 2009 Local manufacturer of steel products for the mining industry VR Steel, which had a 66,67 % stake in VRC Mining Equipment, has now acquired the entire capital share, of the Chinese-based company, which was established in mid-2008.  

Caterpillar cuts executive salaries, launches voluntary retrenchment plan

By: Liezel Hill     22nd December 2008 NYSE-listed construction equipment giant Caterpillar will cut executive pay by as much as half in 2009, reduce senior management salaries and implement a hiring freeze, the company announced on Monday. The steps were necessary because of “the continued deterioration of conditions” in the markets... 

Mining equipment rentals skyrocket as miners move away from outright purchases

By: Leandi Kolver     5th December 2008 Equipment rental company Rentworks is experiencing a spike in its mining equipment rentals owing to the current economic downturn. 

De Beers concludes R170-million rental transaction with RentWorks

By: Leandi Kolver     21st November 2008 The world’s leading diamond-mining company De Beers, has signed a rental agreement valued at R170-million with asset rental company RentWorks. 

Ontario promotes mining equipment, services in Mexico

By: Liezel Hill     16th October 2008 Representatives of Ontario's Ministries of Northern Development and Mines and International Trade and Investment will be in Mexico next week to promote the Canadian province's mining equipment and services sector. The Ministries are cohosting a booth at the Expo-Minera Sonora 2008 trade show,... 

VR Steel to sell Hofmann products in SA

By: Chanel de Bruyn     13th October 2008 Steel products manufacturer VR Steel will represent Australian dragline and shovel supplier Hofmann Engineering in South Africa, in a deal that is expected to earn the firm R50-million a year. The steel manufacturer said in a statement that on Monday that it would stock the full range of Hofmann... 

SA firm to distribute Astra trucks in Southern Africa 

By: Irma Venter     19th September 2008 Gauteng and Kwazulu-Natal based High Power Equipment (HPE) has gained the rights to become the sole Southern African importer and distributor of the Astra ranges of rigid dump trucks and articulated dump trucks. 

Capital equipment group spreads its mining wings with Chinese excavator

By: Irma Venter     12th September 2008 Member of the JSE-listed Bidvest group, McCarthy Heavy Equipment (MHE), is expanding its offering to the mining industry, with the introduction later this year of the 70 t Sany excavator - adding to the 20 t, 23 t, 30 t and 42 t machines already available. 

South African steel products maker to open shop in India 

By: Brindaveni Naidoo     29th August 2008 A local manufacturer of steel products for the mining industry VR Steel reports that it will set up shop in India from January next year, making this the company’s fifth global operation. The company has appointed an Indian national who will work directly from VR Steel’s offices in Delhi, the... 

Perception that miners do not receive support from DTI is erroneous – Deloitte

By: Leandi Kolver     22nd August 2008 There is a perception in the mining industry that it does not receive adequate support from the Department of Trade and Industry (DTI), in the form of grants because there is a special capital expenditure tax deduction system available for mining companies. 

We’re ‘well ahead’ in global mine-truck monitoring by satellite – Bell 

By: Martin Creamer     13th August 2008 Indigenous South African mining equipment manufacturer Bell is “well ahead” of its global competitors in telematics, CEO Gary Bell says of his company’s proprietary advances with the satellite transmission of computerised truck-maintenance information. 

Auditors approve Sentula’s ’09 profit forecast

By: Matthew Hill     29th July 2008 Sentula Mining’s share price rose rapidly in late trade JSE on Tuesday, after it said that its auditors had approved its 2009 profit forecast as “acceptable”. The forecast in question had resulted in the company having its shares suspended on the local bourse, after a director said on a... 

Caterpillar, BHP Billiton team up on driverless truck development

By: Liezel Hill     23rd July 2008 Equipment giant Caterpillar and the world's biggest mining group, BHP Billiton, will launch a joint programme to develop an autonomous mining haulage system. The development will focus on enhancing existing mining trucks with Caterpillar's driverless technologies, the equipment manufacturer said... 

Consulting company involved in Zambian projects

11th July 2008 Specialist winder consulting company DRA Technical Services (Drats), has developed a solid reputation, locally and internationally, for rebuilding and modernising existing winders for its specialisation in underground mining infrastructure. 

Mineral services company wins Burkina Faso project

11th July 2008 Mineral services company Banlaw Afrique Sarl, a subsidiary of the Banlaw company, has been awarded the Inata earthworks, concrete civils and Gomde barrage construction contract in Burkina Faso. 

Increased demand calls for increased output

By: Loni Prinsloo     4th July 2008 Massive growth in the mining industry, including an increased production for heavy minerals mining projects, has caused earthmoving and process-equipment manufacturing company, Efficient Engineering, to increase its capacity by expanding its premises. 

Locally made truck body attracts international interest

By: Brindaveni Naidoo     4th July 2008 Local steel product manufacturer VR Steel is receiving significant interest from local and international mining companies for its recently launched truck body design. The company expects to produce about 200 truck bodies a year in the next fours years. 

Sentula more than doubles profit, CEO upbeat about future

By: Matthew Hill     25th June 2008 Mining services company Sentula Mining reported that its after-tax profit for the year ended March 31 had more than doubled to R234-million from the restated figure of R93-million. The JSE listed company rose 7,96% in Johannesburg, trading at R12,20 a share at 09:08. 

Mining equipment maker sets up in China

By: Brindaveni Naidoo     20th June 2008 A local manufacturer of steel products for the mining industry, VR Steel, has expanded its footprint internationally with the establishment of new company, VRC Mining Equipment, a China-based entity that will make dragline buckets, hydraulic and rope shovel buckets and truck bodies for the East... 

Nedbank Capital buys Boart Longyear’s mining capital equipment unit

28th May 2008 Investment services provider Nedbank Capital on Wednesday announced its Private Equity division, in collaboration with black economic-empowerment (BEE) group Matasis Investment Holdings had acquired the mining capital equipment division of Boart Longyear through a leveraged buy-out. "As a... 

Surface mining equipment giant gets bigger

By: Darren Parker     9th May 2008 The African dealer of the world’s third-largest construction and surface-mining equipment supplier, Terex Corporation, has found a renewed foothold in the Southern African industrial market. Terex Africa has greatly enlarged its boundaries through the sale of its entire issued share capital... 

Preventative maintenance reduces overall engine costs

9th May 2008 Diesel engine specialists Metric Automotive Engineering’s operations manager Andrew Yorke says opencast contractors generally fall into two loose categories: those who believe in scheduled preventative maintenance and those who drive their engines to failure. However, sometimes even those... 

US coal producer installs longwall mining system

By: Brindaveni Naidoo     9th May 2008 Underground mining services and systems company Joy Mining has successfully installed its new longwall mining system at coal producer Arch Coal's Mountain Laurel complex, in the US 

Infrastructure, global mining spend driving revenue growth, says Bell

By: Irma Venter     4th April 2008 Infrastructure spending internationally, as well as strong demand from the global mining industry due to high commodity prices, have been the driving forces in Bell Equipment revenue jumping 31% from 2006 to 2007, reaching R4,6-billion, says CEO Gary Bell. 

Local steel company to expand into international markets

By: Brindaveni Naidoo     4th April 2008 A local manufacturer of steel products for the mining industry is expanding its global footprint as a result its expanded product line. VR Steel says that the expanded product line will include attachments for rope and hydraulic shovels, excavators and rigid and mining dump trucks.  

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