Caterpillar remains optimistic about mining

Jul 24, 2013 | 04:39 PM | Stacy Irish

Tags  Caterpillar, Doug Oberhelman, mining, heavy equipment maker, Stacy Irish

LONDON — The top executive of Caterpillar Inc. remains optimistic about the prospects for the mining industry despite a decline in activity virtually halving company profits.

The mining and heavy equipment producer posted second-quarter net income of $960 million, down 43.5 percent from nearly $1.7 billion in the same period a year earlier, on a 15.8-percent decline in revenue to $14.62 billion.....

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