LHG Mining is tracking an ambitious growth trajectory, with Cat Financial playing an instrumental role in their journey.
Roberto Ricciardi, International Account Manager for Cat Financial, comments on their potential: "LHG has a plan for growth which is very aggressive. Based on the values we have in common, Cat Financial is ready to adapt and develop new solutions that will be needed in the future."
In the past two years, LHG Mining has increased its production from 2 million tons of iron ore per year to more than 8 million tons and working with Cat Financial ensures that it will remain agile and competitive in a rapidly evolving industry.
Ricciardi added, "It is a unique solution developed specifically for them. We hope that this will ensure longevity and new operations as well as the supply of Caterpillar machines to the client."
The opportunity for Cat Financial to support LHG Mining with a customized line of credit and in-depth market analysis highlights the essential role of industry-specific financial solutions in achieving long-term success. This relationship offers vital strategies to empower others in the industry to optimize operations, reduce risk, and accelerate their growth and profitability, as LHG Mining did.
Reflecting on the company's focus on innovation and growth, Pablo Costa, Corporate Finance Director for LHG Mining, stressed the importance of their mission in guiding future efforts: "We have a very clear goal, which is to be able to supply this high-quality ore that
we have there in Corumbá, in Mato Grosso do Sul, throughout the country and around the world."