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Fly News Breaks for February 26, 2020
Feb 26, 2020 | 09:31 EDT
OTR Global downgraded its Mining Equipment market view to Negative from Mixed after checks with 30 mining industry executives. Caterpillar (CAT) has recently become more aggressive in pursuing business as mild winter weather and the coronavirus outbreak "weighed on an already-fragile market," OTR said.
News For CAT;KMTUY From the Last 2 Days
Jan 26, 2022 | 11:16 EST
Teck Resources Limited (TECK) announced an agreement with Caterpillar (CAT) to work towards deploying 30 of Caterpillar's zero-emissions large haul trucks at Teck mining operations. Decarbonizing Teck's vehicle fleet represents a significant reduction in Scope 1 emissions as Teck works towards its goals to reduce the carbon intensity of its operations by 33% by 2030 and be a carbon-neutral operator by 2050, the company said in a statement. "Teck is already one of the world's lowest carbon intensity producers of copper, zinc and steelmaking coal, and now we are taking further action to develop and implement the technology needed to reduce the carbon footprint of our operations and support global efforts to combat climate change," said Don Lindsay, President and CEO, Teck. The companies plan to progress through a multi-phased approach together that includes early development, piloting and deployment of 30 Caterpillar zero-emission vehicles, including Cat 794 ultra-class trucks beginning in 2027. Teck anticipates initially deploying zero-emissions trucks at its Elk Valley steelmaking coal operations in British Columbia, Canada.