Commodity prices remain high enough to keep mining equipment demand high.
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This is positive for mining and will lead to increased demand for mining machinery.
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The Asian financial crisis walloped the mining industry, cutting demand for GST products.
This has impacted the demand for mining equipment and machinery manufactured by Caterpillar and other mining equipment manufacturers, causing them to lower their earnings forecast over the short-term.
Sales of medium and heavy trucks and buses plunged 39% to 19, 095 vehicles, hurt by slowing economic growth, reduced freight transportation, and lower demand in sectors such as mining.
But although overall growth is likely to be modest for some years, there are still plenty of opportunities, particularly in agribusiness and mining, and in catering for growing demand for education, health-care and the like.
Cummins blamed the weak results on little demand from oil, gas and mining companies.
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Earlier this month miners struck to demand a bigger share of bumper mining profits.
Stocks of Australian mining and metals companies, reliant on Chinese demand, extended early losses after the Chinese data.
Back to the industrial heartland, a major beneficiary of emerging market demand for tractors, bulldozers and mining machinery.
Cummins notched a sharp drop in quarterly profit, driven lower by decreased demand from oil, gas and mining customers.
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The protesters from the nearby community of Mareniyoc blame the mining company for a worsening water shortage and demand the firm supply them with drinking water.
"Together, Alpha and Cleveland-Cliffs will have the size, the management depth and the mining expertise to compete on the global stage as demand for raw materials continues to increase around the world, " Alpha Chairman Michael Quillen said in a statement to the press.
Beijing, for its part, has long maintained that its export controls are designed to minimize the environmental impact of rare earth mining, while meeting the country's surging domestic demand.
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Looking ahead, the demand for workers will only increase, according to mining groups.
Freight rates hit a record low Wednesday on weak demand for iron ore, poor weather conditions in mining regions and a glut of shipping capacity.
Sharp declines in commodity prices and demand for metals have led Kazakhstan's big mining companies to cut production and send thousands of workers on leave at half-pay.
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The company could be a beneficiary of the consolidating global resources and demand for land by some of the largest metal and mining companies, he argues.
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The cuts come as slowing global demand and a fall in commodity prices have hurt profits at mining firms.
Caterpillar, for example, bought mining equipment firm Bucyrus International this week largely to take advantage of growing emerging market demand for raw materials.
Mining giants like Rio Tinto, Freeport-McMoran and Glecore figured the roaring Chinese demand for raw materials would bail them out of any mega- takeover that meant borrowing a bundle of debt to diversify into aluminum or gold or copper was the path to growth, higher profits and ecstatic shareholders.
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Special Offer: Demand for heavy metals has been steadily rising, particularly in Europe and this silver mining company could take off.
In addition, the long-term growth factors for Caterpillar remain intact as rising world population, prosperity and urbanization will increase demand for energy and resources, promoting growth across its industrial businesses: construction, mining and power systems.
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Oil and mining companies were hit with falling commodity prices as fears mount that the global economy will stall due to weak demand from developed economies.
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