Investment Matters

Positive read through from Cat

Caterpillar USA released a presentation overnight (extract is provided below) confirming they are seeing a recovery in the demand for their mining equipment.  They have in effect called the bottom of the mining equipment market, and they are now seeing increased demand and orders.

This data is consistent with the commentary that Emeco has released to the market, and the 'tick up' they have seen recently in equipment utilisation.