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Kgem

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Kgem

Re: None

Monday, 11/15/2010 8:27:28 PM

Monday, November 15, 2010 8:27:28 PM

Post# of 155603
In order to take advantage of the global boom in mining, heavy equipment company Caterpillar (NYSE:CAT) announced it would acquire mining equipment maker Bucyrus (Nasdaq:BUCY) for a 30% premium.

Bucyrus generates over $1 billion in revenue from mining operations in fast-growing emerging markets. Caterpillar clearly sees a long run for the bull market that’s driving prices for mined commodities like iron ore, copper, coal, silver, gold, and lithium. Mining companies are expected to boost spending by 50%, to $113 billion, in 2011.

When the news hits the press about concessions in the Atacama, we will be given news about two land concessions, not just one. May all your stock picks be blessed with exceptional potential.


Kgem

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