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News Stories (16 Results) - Mining

Utica Equipment Finance completed the funding of a $10.6 million capital lease secured by machinery and equipment located in West Virginia. Utica provided the funds for the acquisition of a coal mining operation.Utica Equipment Finance, an affiliate... Read Story
January 08, 2020, 07:05 AM


Mega Highwall Mining LLC. is a coal mining company founded in 2015. It operates both ADDCAR and Superior Highwall Mining Systems. Mega Highwall operates its machines on land that has previously been used as a mining site. The company’s automation can... Read Story
November 21, 2019, 07:15 AM


Stonebriar Commercial Finance Canada announced the closing of a $35 million equipment lease facility with a joint venture majority owned by an investment grade strategic industrial and a natural resources-focused private equity group. The joint... Read Story
June 12, 2019, 07:20 AM


Encina Equipment Finance announced it has provided a $12.5 million equipment lease to a coal mining company. The facility is being used to fund new equipment purchases.Launched in June 2017, Encina Equipment Finance provides loans and leases ranging... Read Story
September 17, 2018, 07:20 AM


It’s no surprise that the global mining industry has endured a difficult few years, and for many mining companies, optimism has been in short supply. Persistently low commodity prices, waning demand and tightening capital and credit markets have been... Read Story
October 19, 2016, 07:00 AM


Mining Equipment Market size is expected to reach USD 99.13 billion by 2024; according to a new research report by Global Market Insights, Inc.While mining operations depend heavily on the ore location, the prominent production locations function in... Read Story
October 17, 2016, 07:10 AM


Komatsu Ltd. announced that it has signed a definitive agreement with Joy Global Inc., a leading manufacturer of surface and underground mining equipment, under which Komatsu America Corp., a wholly-owned subsidiary of Komatsu in the USA, will... Read Story
July 21, 2016, 07:19 AM


Atlantic Gold Corporation announced that it has executed a commitment letter and supporting term sheet with Caterpillar Financial Services Corporation ("Cat Financial"), pursuant to which Cat Financial has agreed to underwrite up to $20 million in... Read Story
February 23, 2016, 07:00 AM


CG Commercial Finance (CGCF) completed its 23rd schedule for one of the United States largest privately held coal mining operation, for a total of $77,162,139 for new and used above and below ground mining equipment and vehicles.  The leases are... Read Story
December 04, 2014, 06:30 AM


Mazuma Capital is funding a $4.5 million operating lease on industrial ovens for a growing mining company. The ovens will be used in refining a rare ore only found in a remote area of the western United States. The ore is an ideal resource that... Read Story
October 21, 2014, 07:13 AM


Balboa Capital announced the company has strengthened its mining equipment financing division with the appointment of three new finance directors. Additionally, the company recently increased its lending capacity with a $152 million securitization.... Read Story
September 17, 2014, 06:30 AM


Balboa Capital announced the expansion of its mining equipment financing division. The company hired a team of highly experienced finance directors and account coordinator to strengthen its position in the mining equipment financing arena.  “Adding... Read Story
June 03, 2014, 05:00 AM


Economic activity in the non-manufacturing sector grew in March for the 50th consecutive month, say the nation's purchasing and supply executives in the latest Non-Manufacturing ISM Report On Business. The report was issued today by Anthony Nieves... Read Story
April 04, 2014, 06:55 AM


The company has revised its 2013 outlook and now expects sales and revenues to be about $55 billion, with profit per share of about $5.50.  The previous outlook for 2013 sales and revenues was a range of $56 to $58 billion with profit per share of... Read Story
October 24, 2013, 07:02 AM


Caterpillar Financial Services Corporation ("Cat Financial") completed a US$24 million equipment finance facility ("Equipment Financing") with Nevada Copper Corp. ("Nevada Copper" or "Company"). The Equipment Financing forms part of the overall... Read Story
October 02, 2013, 06:35 AM


Caterpillar Inc. reported first-quarter 2012 sales and revenues of $15.981 billion, up 23% from $12.949 billion in the first quarter of 2011. Profit was a record $1.586 billion in the quarter, an increase of 29% from $1.225 billion in the first... Read Story
April 25, 2012, 07:30 AM