These Miners Are Decliners

Down under in Australia, new BHP Billiton (NYSE: BHP  ) CEO Andrew Mackenzie has just laid out a plan to cut capital spending "quite significantly" over the next few years. BHP's capital investment will drop from $22 billion to $18 billion in 2014 -- and then keep falling.

According to Mackenzie, this reduced spending on capex is going to release a gusher of free cash flow at the company. But what does it mean for other companies that sell to BHP? Listen in, as contributor Rich Smith explains...

Caterpillar is the market share leader in an industry in which size matters, and its quality products, extensive service network, and unparalleled brand strength combine to give it solid competitive advantages. Read all about Caterpillar's strengths and weaknesses in The Motley Fool's brand-new report. Just click here to access it now.

Read/Post Comments (2) | Recommend This Article (4)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

  • Report this Comment On May 20, 2013, at 4:01 PM, futurone2000 wrote:

    Didn't Terex sell is mining division?

  • Report this Comment On May 20, 2013, at 4:23 PM, TMFDitty wrote:

    In 2010, yes, to Bucyrus. Then Caterpillar bought Bucyrus a year later. But Terex still sells some equipment used in mining applications in its materials processing division.

Add your comment.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2441771, ~/Articles/ArticleHandler.aspx, 10/1/2016 11:37:23 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated 14 hours ago Sponsored by:
DOW 18,308.15 164.70 0.91%
S&P 500 2,168.27 17.14 0.80%
NASD 5,312.00 42.85 0.81%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

9/30/2016 4:02 PM
BHP $34.65 Up +0.25 +0.73%
BHP Billiton CAPS Rating: ***
CAT $88.77 Up +1.30 +1.49%
Caterpillar CAPS Rating: ***
GE $29.62 Up +0.09 +0.30%
General Electric CAPS Rating: ****
RIO $2570.84 Down -63.16 -2.40%
Rio Tinto CAPS Rating: No stars
TEX $25.41 Up +1.12 +4.61%
Terex CAPS Rating: *****