Caterpillar confirmed that its chief financial officer (CFO) Andrew Bonfield has elected to retire effective October 1, and has appointed company veteran Kyle Epley as his replacement. Bonfield, who is stepping back after eight years, will assume an advisory role for the transition, through October 1. Bonfield was named 2025 CFO of the Year by the CFO Leadership Council and…
Read MoreIoneer and Empire Southwest, the Caterpillar dealer for Arizona, Nevada and parts of eastern California, have signed a master service agreement for sales, services, goods, technology, and equipment rental that will help to advance the Rhyolite Ridge lithium-boron project in Nevada. Rhyolite Ridge, located in Esmeralda County, Nev., is the largest undeveloped lithium-boron ore reserve in the world outside of…
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RPMGlobal entered a six-week exclusivity period with Caterpillar on August 29 to conduct due diligence to firm up a non-binding indicative offer, which values the Australian software company at $5 per share or A$1.12 billion (US$733 million) in equity value, by way of a scheme of arrangement. “Caterpillar shares our values, believes in our mission, and is committed to investing…
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Caterpillar said its new Cat Fleet Bucket Program allows customers to benefit from Cat ground engaging tools (GET) even on third-party buckets sourced from local bucket manufacturers. This permits customers and local bucket manufacturers to standardize on a single GET supplier. “We recognize some customers have their bucket needs served locally by third-party bucket manufacturers. Our program is about Caterpillar…
Read MoreFinning International, the world’s largest Caterpillar dealer, named David Primrose, currently executive vice president and chief development officer, as executive vice president and chief financial officer, effective immediately. He succeeds Greg Palaschuk, who is leaving the company. “Dave has held several senior management roles over his 36-year career at Finning and is well positioned to continue to drive the execution…
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The new Cat Single Life Cutting Edges for Cat medium wheel loaders feature a single bevel design that eliminates the need to monitor wear for flipping edges. Made from through-hardened DH-2 steel, the new ground engaging tools (GET) from Caterpillar are thicker and provide similar or better life to the standard cutting edge option. The new Single Life Cutting Edges…
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As the mining industry moves toward net-zero operations, electrification will play a crucial role in shaping the future of underground mining. North American Mining spoke to several companies whose pioneering electric load and haul solutions are driving the industry toward a cleaner, safer tomorrow. by Jonathan Rowland The shift from diesel-powered to battery-electric LHDs promises significant environmental, social and economic…
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A deeper dive into two newer machines that each play a key role in successful haul road management. There are many elements to a great haul road management program, but one factor often taken for granted is the polish: grading and dust control. While the Komatsu GD955-7 and Caterpillar 789D autonomous water truck are both relative newcomers to the market,…
Read MoreAfter eight years as CEO and nearly 45 years of service, Caterpillar Chairman and CEO James Umpleby III will become executive chairman of the board, effective May 1. Chief Operating Officer Joseph E. Creed, a 28-year Caterpillar veteran, will succeed him. After assuming the role of CEO on Jan. 1, 2017, Umpleby led the development and execution of a new…
Read MoreAfter eight years as CEO and nearly 45 years of service, Caterpillar Chairman and CEO James Umpleby III will become executive chairman of the board, effective May 1. Chief Operating Officer Joseph E. Creed, a 28-year Caterpillar veteran, will succeed him. After assuming the role of CEO on Jan. 1, 2017, Umpleby led the development and execution of a new…
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