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, coal and precious metals, like gold and silver. Mining companies are
expected to boost spending by 50%, to $113 billion, in 2011.
“It’s a great time to invest in mining,” said Caterpillar CEO said Doug
Oberhelman. “Demand for minerals, for coal, for lots of things that come
out of the ground will be increasing…”
This is great news for investors who may be wondering if the commodity
bull market will continue and where to find profits.
To learn how you can profit from the commodity bull market,