Friday, August 5, 2011

Caterpillar (NYSE:CAT) Signs Iron Ore Deal

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tdp2664 E money daily Caterpillar (NYSE:CAT) and WesTrac have signed an MoU with Fortescue Metals Group for Solomon iron ore development. Caterpillar (NYSE:CAT) Signs Iron Ore Deal Caterpillar (NYSE:CAT) and WesTrac (Caterpillars' Australian Dealer) have signed a memorandum of understanding with Fortescue Metals Group to apply an autonomous mine shipping solution at FMG’s new Solomon iron ore development in Pilbara in Western Australia. Chris Curfman, Vice President Caterpillar (NYSE:CAT) Global Mining said that, “By working closely with mining customers, we are able to tailor a solution to their specific business needs using Caterpillar’s broad range of products, technology and services. This collaboration will also positively impact sustainability at Solomon mine through reduced environmental footprint and machine efficiencies.” Caterpillar Inc. (NYSE:CAT) company shares are currently standing at 89.55. Price History Last Price: 89.55 52 Week Low / High: 63.33 / 116.55 50 Day Moving Average: 103.04 6 Month Price Change %: -2.8% 12 Month Price Change %: 36.8%



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