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’s cost cutting plans a mark of struggling global economyThe world’s biggest maker of construction and mining equipment will slash $1 5 billion in operating expenses and cut thousands of jobsFinning swings to loss; to cut 400 500 more jobsWorld’s biggest dealer of equipment, hurt by lower demand from mining, energy and construction industries, posted a quarterly loss of $309 million, compared with a profit of $107 million a year earlierSouth Africa seals mining jobs deal, proposes platinum planMining industry, unions and the government sign a broad plan to stem a wave of job losses triggered by falling commodity prices and soaring costsGoldcorp Inc stops operations at Northern Ontario mine to investigate fatal worker accidentA rock fall buried a worker, and the scoop equipment the person was working in, resulting in the fatality at the Musselwhite gold mine at Opapamiskan Lake, the company saidRock fall accident kills contract worker at Canadian owned mine in MexicoVANCOUVER A Vancouver based mining company says a contract worker has died in an accident at one of its mining operations in MexicoEconomic downturn hits BC mining exploration hardRob McLeod’s IDM Mining Ltd raised $26 million at the close of the year to advance its Red Mountain project in British Columbia’s northwest, making it one of the bright lights on an otherwise gloomy horizon for the province’s mining exploration.Mining may still not have hit rock bottom, admits Anglo American chiefMark Cutifani of Anglo American gave a gloomy forecast for miners in the next 12 months

CEO to retire next year

NEW YORK, NY said Monday that CEO Doug Oberhelman will retire from the company next year and will be replaced by Jim Umpleby, an executive who has worked at the construction and mining equipment company for more than three decad

adjusted profit meets Street's view, sales fallPEORIA, Ill 's first quarter adjusted profit met Wall Street's view, even as sales declined across various categories while it continues to deal with soft product demand The mining and construction equipment company lowered its.Mining may still not have hit rock bottom, admits Anglo American chiefMark Cutifani of Anglo American gave a gloomy forecast for miners in the next 12 monthsRock fall accident kills contract worker at Canadian owned mine in MexicoVANCOUVER A Vancouver based mining company says a contract worker has died in an accident at one of its mining operations in MexicoAustralia's transition from the mining boom is bust Or is it? | Greg JerichoDespite private capital expenditure recording its biggest ever quarterly fall, there may be a small business driven silver lining on the economic cloudThe latest capital expenditure figures show that investment across the board continues to.Airships delivering workers and supplies will help oil, mining industryZeppelins to serve as workhorse in the North and the oilsands to transport heavy equipment to places with no all weather roadsGold mining company extends Aberdeenshire search following discoveriesA company searching for gold in Aberdeenshire has doubled the size of its prospecting area after uncovering rock laden with the precious metal throughout the area GreenOre Gold, which is backed by a Turkish goldmining giant, has now licensed.In risk averse mining sector, innovation begins with taking the guesswork out of sorting rockThe current method for identifying high and low value ore is incredibly inefficient, says Andrew Bamber of MineSense Technologies Ltd

Vancouver mining firm Teck Resources cutting 1,000 jobs around the world in cost cutting plan

Mining company Teck Resources Ltd (TSX TCKB) is cutting 1,000 jobs around the world through a combination of layoffs and attrition as part of a plan to reduce spending next year by $650 million

110 union workers to lose jobs as Esco Corp closes Nisku foundry, blaming mining slowdownA foundry in Nisku that manufactures steel parts for oilsands mining equipment will close in August, throwing 110 unionized employees out of work buying Joy Global in deal valued at about $37BNEW YORK, NY Japan's is buying mining equipment maker Joy Global in a deal worth about $37 billionTask force commissioned by mining industry recommends tighter dam oversightThe Mining Association of Canada says it will implement beefed up oversight of earth and rock dams that hold back mining waste as recommended in an independent report it commissioned after the Mount Polley mine dam failure last year That means.Vancouver company reveals plan for restarting Dufferin gold mine in Nova ScotiaVANCOUVER A Vancouver company says it plans to acquire and restart a gold mining operation on Nova Scotia's east coast results take a hit, but outlook above estimatesThe world’s biggest construction and mining equipment maker says it expects 2016 earnings of $4 (US) a share, excluding restructuring costs