In the past two years, Cat has been working on growing its offering, particularly in the underground segment, as well as filling up some gaps in terms of trucks sizes.
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Year-to-date October 31, 2018 mined gold ounces was 71,957.
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Thirty empty ore wagons ran off the tracks in the southern part of Western Australia on Sunday.
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The 2018 collection of the finest pink, red and violet diamonds continued its trajectory of double-digit price growth.
The miner suspended its rail operations after the incident that wrecked track and left a locomotive and wagons upturned nearly 120 km south of Port Hedland.
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Pioneer Natural Resources has agreed to sell its pressure pumping assets to ProPetro in a cash and stock deal worth $400 million. With the same agreement, ProPetro will provide pressure pumping and related services to PNR in the Permian basin for as long as 10 years. Following issuance of the shares, PNR will own about 17% of ProPetro’s outstanding shares.
EQT Corp., Pittsburgh, completed the spin-off of Equitrans Midstream Corp., a company formed to hold EQT’s midstream business in the context of the separation of EQT’s upstream and midstream businesses, all in the Appalachian basin.
State-owned GAIL (India) Ltd. said pipe contracts recently awarded will allow construction to begin in December on a 453-mile natural gas pipeline between Barauni, Bihar, and Guwahati, Assam. The spur line is part of the 2,110-mile Jagdisphur-Haldia-Bokaro-Dhamra system under construction in northeastern India.
Tidewater Midstream & Infrastructure has let a contract to the Canadian subsidiary of WorleyParsons to build a sour gas processing plant near Grande Prairie, Alta. As part of the contract, WorleyParsonsCord will provide fabrication and construction services for Tidewater’s 100-MMcfd Pipestone sour, deep-cut gas plant with acid gas injection, which also will have the capability to process 20,000 b/d of NGLs.
A unit of independent refiner HollyFrontier Corp., Dallas, has signed a definitive agreement to buy Sonneborn US Holdings Inc. and Sonneborn Cooperatief UA for $655 million, including working capital estimated at $72 million.