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Caterpillar Machinery Video Review

CMI RS500 STABILIZER RECYCLER CATERPILLAR USED MACHINERY

Romarco secures key equipment for Haile

(The "Company") is pleased to announce that it has received delivery of the majority of the fleet mobile long delay of the mine and crushing plants for primary and secondary treatment plant.

Diane Garrett, President and CEO comments: "With strong support from our suppliers, we obtained the majority of long delays critical equipment with modest cash needs in advance. This also ensures that we have tires for our fleet mobile mining, with firm prices. We are particularly pleased to support Blanchard Machinery Company is providing the equipment chosen Caterpillar."

Blanchard Machinery Company ("BMC"), the local Caterpillar dealer, will provide delivery of the Caterpillar equipment that was previously targeted for delivery in late 2011 or early 2012, on a revised schedule aligned with the expected start-up of construction in early 2013. The Company will incur monthly expenses of approximately $0.2 million for BMC to maintain the inventory.The agreement locks in the price previously agreed, ensures timely delivery of new equipment with tires, and allows the Company to defer the majority of the payment until the earlier of March 31, 2013, or where the material is delivered to Haile. The Company also re-scheduled delivery and payment for the Hitachi excavator until the fourth quarter of 2012. The company currently expects that it will secure the balance of the mobile fleet of mine on a timely basis with the majority of payments associated with the delivery end of 2012 or early 2013.

Caterpillar bets on continued commodities boom, acquires competitor

Caterpillar has agreed to pay $ 92 per share for Bucyrus, which represents a premium of 32% over the closing price of the company in Wisconsin on Friday. Caterpillar has also agreed to assume $ 1 billion debt Bucyrus, if the transaction is valued at 8.6 billion USD.

Caterpillar is adding products such as power giant electric shovels made by South Milwaukee, Wis.-based Bucyrus its existing line of heavy trucks and excavators.

Caterpillar rose by 42% so far this year focus on improving profits as return customers to invest in machinery and heavy equipment that moves the world from recession.Bucyrus shot 30% from the opening on Monday, while its main competitor Joy Global rose 6%.

Joy Global Inc. may be the next manufacturer of mining equipment to be swallowed, given the potential adjustment operation of its products with those of Hitachi Construction Machinery and Komatsu Ltd. of Japan.

Caterpillar had said in the past he wanted to increase the range of mining equipment it provides to its customers. Bucyrus is a lot smaller than Caterpillar. The company is also a major player on the market for construction equipment.