INTERNATIONAL COAL NEWS

Healthy new orders for Bucyrus

A HUGE deal for five longwall systems pushed Bucyrus's new orders to $US406.6 million during the ...

Angie Tomlinson

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"The high level of underground mining original equipment orders for the fourth quarter was due to an exceptionally large order for five longwall systems from a recently privatised mining company that is upgrading their equipment to enable higher production capacity," Bucyrus said in its quarterly report.

 

Aftermarket parts and service sales added up to $96 million for the quarter.

 

From May 4 last year - when Bucyrus finalised the deal to purchase DBT - through to December 31, new orders have been $634.2 million. Aftermarket sales were $247.8 million.

 

Operating earnings for underground mining operations were reduced by purchase accounting adjustments related to the acquisition of DBT of $18.3 million and $49.1 million for the fourth quarter and 2007 year, respectively.

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