Caterpillar Digs in on Mining Equipment

October 19, 2010

Caterpillar's plan to bring back a popular mining product it had discontinued a few years back threatens to raise the competitive stakes in an industry already marked by fierce rivalries.

The world's largest maker of construction and mining equipment said it is launching a range of mining shovels, returning to the equipment category currently dominated by Joy Global Inc. and Bucyrus International.