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November 23, 2009 10:29 AM ET
Heavy Machinery
P&H Mining Equipment Inc.

Company Overview

P&H Mining Equipment Inc. manufactures excavating and drilling machines. It offers electric mining shovels, rotary blasthole drills, and walking draglines. The company also offers electric mining shovel parts, equipment upgrades, blasthole drill parts, dragline parts, belts, bronze bushings, brushes, disc brakes, filters, ground engaging tools, roller bearings, tough rider seats, wear liner packages, wire ropes, front end loaders, hydraulic excavators, stamler products, and trucks. P&H Mining Equipment Inc. also provides contract services, operations support, repair/rebuilds, service support, training, and upgrade installation services, as well as offers used equipment and parts. The company...

Detailed Description

4400 West National Avenue

Milwaukee, WI 53214

United States

Founded in 1884

Phone:

414-671-4400

Fax:

414-671-7618

www.phmining.com

Key Executives

President
Age: 62
Vice President of Sales
Compensation as of Fiscal Year 2009.

Key developments for P&H Mining Equipment Inc.

Mark E. Readinger Plans to Retire as Executive Vice President of Joy Global and President and Chief Operating Officer of P&H Mining Equipment Inc., Effective March 31, 2009

On March 4, 2009, Joy Global Inc. announced that Mark E. Readinger, Executive Vice President of Joy Global and President and Chief Operating Officer of P&H Mining Equipment Inc. will retire. Mr. Readinger's retirement will become effective on March 31, 2009.

Eureka Moly Llc Places Orders for Two 44 Cubic-yard P&H 2800XPC Shovels from P&H Mining

General Moly Inc. announced that the Company, through its 80% owned subsidiary Eureka Moly LLC, has placed orders for two 44 cubic-yard P&H 2800XPC Shovels from P&H Mining Equipment Inc. An initial deposit payment of $2 million has been made and the total cost of the shovels remains in line with the Company's Bankable Feasibility Study. The Letter of Award provides for shipment of the two shovels in May 2009 and October 2009, respectively, and commissioning at the Mt. Hope site within five months of shipment.

Joy Global Inc. to Open Two New Factories

Joy Global Inc. announced that it will have three new factories in China by the middle of next year. One of the factories opened in 2007, a second factory is scheduled to open in summer, and a third factory should be in operation in mid-2009. Two of the three factories are for P&H Mining Equipment Inc., a division of Joy Global. Those plants will build gears, shafts and transmission components used in P&H machines.

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