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Drilling & production

 
 

BHP Billiton announces fourth quarter production figures

The world’s largest mining company has announced Q4 2012 production figures broadly in line with analyst’s expectations for petroleum and metallurgical coal, although thermal coal production was lower.

 
 
 
 
 
 

Caterpillar stung by Chinese investment

Caterpillar has announced it will take a US$ 580 million “goodwill impairment charge” on its acquisition of ERA Mining Machinery and its subsidiary, Zhengzhou Siwei Mechanical & Electrical Manufacturing Co. Ltd.

 
 
 
 

US coal prices and production down in 2012

The US Energy Information Agency (EIA) has released a report on US coal production and prices for 2012 that shows both were down from 2011 figures.

 

Rio Tinto releases Q4 2012 operations review

Global mining major, Rio Tinto, has released its Q4 2012 operations review, reporting a rise in thermal coal production but a drop in metallurgical coal production.

 

Trelleborg acquires SeaTechnik

Trelleborg Marine Systems has announced the acquisition of Sea Systems Technology Ltd, significantly strengthening its berthing, docking and mooring business