WASHINGTON, D.C. -- Caterpillar's Mining Division has been cutting jobs, but a major decision from the US Export /Import bank could mean some positions could return.
A massive new Australian iron ore mine will get a $694 million loan from the Export-Import Bank of the U.S. to buy bulldozers and trucks from Caterpillar, as well as locomotives from General Electric and drilling rigs from Copco.
Caterpillar is expected to get a half-billion dollars in sales as a result of the loan.
The huge Roy Hill Mine, is a $10 billion project headed up by Gina Rinehart, Australia's richest woman.
The Decatur plant --which produces mining trucks --could be a major beneficiary of that loan.