Source: The Milwaukee Business Journal                      Date: 27 April, 2011

Bucyrus International Inc. has reported that its first-quarter earnings climbed 61 percent as a result of increased demand for a variety of mining equipment in regions such as Australia, Mongolia, North Africa, China, Brazil, India and Canada. Net earnings jumped to USD56.3 million, compared with USD35 million for the same period a year ago.

A previously announced deal in which Bucyrus will be acquired by Caterpillar Inc. is expected to close by mid-year, the company said.