Saudi Arabia’s Zahid Group is reportedly nearing a significant acquisition of Barloworld Ltd., a key South African distributor of Caterpillar Inc. machinery, in a deal estimated at approximately 16.4 billion rand, or about $886 million. This development follows an announcement by Barloworld in April, which hinted at ongoing negotiations that could impact its stock price, … Read more
Fortescue Metals Group has reached a significant operational milestone with one of its pioneering electric excavators, which has efficiently moved over a million tonnes of material in a mere three months since deployment. Positioned at the Cloudbreak mine within the prodigious Chichester Hub, situated in the Pilbara region of Western Australia, this 300-tonne behemoth is … Read more
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