Coal Age

MAR 2017

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Page 43 of 51

42 March 2017 suppliers news Joy reports mixed Q1 numbers, outlook Joy Global's first quarter numbers were mixed, with increases in bookings but a decline in sales. The company valued its first quarter 2017 service bookings at $524 million, up 21% over the same period last year. The company reported total bookings of $615 million, an increase of 12%. Net sales fell $498 million, or 5%. Bookings for underground mining machinery increased 14% over the same period last year. Original equipment orders decreased 28%. Net sales for underground mining machinery decreased 8%. Bookings for surface mining equipment increased 12%. Original equipment orders increased 19%. Net sales for surface mining equipment decreased 4%. Operating loss for the first quarter totaled $2 million, compared to $45 million in the same period last year. CEO Ted Doheny said he does not expect the trend in increased production levels to continue. "The mining industry remains cau- tious with overall capital expenditures still projected to decline in 2017," he said. "While there is evidence the deferred maintenance cycle on installed equipment is coming to an end, investment in new capacity remains slow. Only projects that deliver a step change in productivity are proceeding." Doheny said he expects the Komatsu merger to close at the latest by mid-2017. The merger is subject to, among other things, stockholder approval and the resolution of any waiting period. Predictive Safety Formed From 4 Safety Specialists The founding members of Predictive Safety SRP Inc. have an- nounced that an official closing has been reached in the joining of their four companies. Mark Savit of Predictive Compliance LLC, Dave Lauriski of Safety Solutions International Inc., and Tim Hobbs of Data Connect Corp., all located in Denver, Colorado, and Henry Bowles of Bowles-Langley Technology in Alameda, California, have now merged to form Predictive Safety SRP Inc., to be managed by CEO Mark Premo, former president and CEO of Chevron Mining. Focused on human performance, Predictive Safety has inte- grated the founders' patented and proprietary suite of workplace safety, risk and performance products for its clients around the globe. This suite includes the AlertMeter Fatigue Management System, which was developed in the United States and has been in operation in South Africa for four years; Predictive Compli- ance, which has been used for regulatory compliance data man- agement in the U.S. mining industry since 2009; the AlertMeter Fit for Work test, a patented workplace impairment detection app developed with NIOSH; and work site safety audits and leader- ship training under the direction of longtime safety consultant Dave Lauriski. "To create a culture of prevention, 'the path to zero harm,' you have to use all the data that are available to you — historic, re- al-time, and predictive," said Lauriski. "We live in a data-driven world," said Mark Savit, chairman of Predictive Safety and the 2016 recipient of the President's Citation Award by the Society of Mine Safety Professionals. "By tapping into that data, safety and performance professionals can shift their focus from reactive to proactive and from subjective to ob- jective." Coke Producer Signs Maintenance Supplier SunCoke Energy contracted Fluor to provide maintenance support and capital project services at the former's U.S. facilities. The con- tract spans five years. Fluor transitioned to the sites in early March. SunCoke is a raw material and coal processing and handling company serving steel and power customers. With 4.2 million tons of U.S. capacity, it represents roughly 25% of the U.S. and Canadian markets, the company reported. Fluor, along with its Stork division, delivers maintenance, modification and asset integrity services at more than 200 sites in North America. It is a global engineering, procurement, fabrication, construction and maintenance compa- ny that designs, builds and maintains capital-efficient facilities for clients on six continents. Feds Search Caterpillar Offices On March 2, law enforcement authorities entered three Peoria, Il- linois, Caterpillar Inc. facilities, including the corporate headquar- ters, to execute a search and seizure warrant. The warrant was fo- cused on the collection of documents and electronic information. In a statement, Caterpillar said, "While the warrant is broadly drafted, we believe the execution of this search warrant is regarding, among other things, export filings that relate to the CSARL matter first disclosed in Caterpillar's Form 10-K filed on February 17, 2015, and updated in Caterpillar's most recent Form 10-K filed with the SEC on February 15, 2017." CSARL is a Switzerland-based subsidi- ary of Caterpillar. During Caterpillar's press event at ConExpo-Con/Agg held in Las Vegas in early March, several questions were asked regard- ing the raid. CEO Jim Umpleby, who took over from former CEO Doug Oberhelman in January, told those in attendance they were surprised by the raid because the company had been cooperating

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