Joy Global Mining News

Joy Global posts first-quarter loss, but will pay dividend

Joy will pay a dividend of $0.01 per share by March 31, provided that the proposed merger with Komatsu America Corp. does not close before the close of business on March 17, 2017.

How Joy Smart prevented a $2 million conveyor failure

The company was all about the data at MINExpo 2016.

Cat scales back room and pillar business

CAT said it remains committed to existing customers.

Joy Global shareholders approve $3.7 billion acquisition by Komatsu

The deal still remains subject to closing conditions and regulatory clearances.

Joy Global misses expectations on weak mining equipment sales

The heavy machinery maker expects market conditions to remain weak through 2017.

Mining services to target high value technologies to streamline ops and cut costs

Mine services companies will increasingly target better-performing commodities and focus on technology research and development to help miners streamline operations and cut costs as the weak mineral price environment continues to weigh on profit margins.

Japan’s Komatsu is buying Joy Global for $3.7 billion

The deal, Komatsu's biggest-ever acquisition, is set to boost its clout in the mining industry.

Global mining equipment market to reach $156 billion by 2022 — report

Product launch and acquisition are the key growth strategies adopted by the leading market players, such as Caterpillar and Komatsu, to strengthen their foothold in the market.

Joy Global surprises with quarterly profit, shares jump

The results, which surpassed Wall Street expectations, come on the back of a modest increase in service sales and aggressive cost cuts.

Talking acquisitions and industry trends with Joy Global's product manager

Doug Eamer, Manager of Commercial and Product Management, talks about the firm's expanded hard rock line.

Joy Global posts bigger-than-expected loss as sales drop 25%

Shares in the equipment and services provided soared almost 16% in early trading in New York.

BMO defends Joy Global despite ~75% decline In 2015

Despite the huge year-to-date decline and the stock down 85 percent from its all-time high, Tiss believes that Joy Global’s equity value is almost equal to its inventory levels.

Joy Global swings to loss, cuts dividend

The mining equipment maker said business conditions continue to be tough mostly due to a slower-than-expected recovery in the global economy and weak commodity prices.

These are the top factors North American miners consider when buying equipment

A survey of over 100 mining equipment buyers and decision-makers shows that 40% of them are still focused on cost cuts.

Joy Global announces indefinite layoffs affecting 100; loses S&P 500 listing

“It was kind of like a gut punch."

Coal and copper weigh on Joy Global results

Markets are attempting to establish a trough.

Joy Global beats forecasts, but sees 2015 as another challenging year

The Milwaukee-based equipment maker warns weak commodity prices and falling industry investment in new machinery will live on.

SEC probes Joy Global over acquisition of Chinese firm

The SEC is looking into Joy's acquisition of International Mining Machinery Holdings Ltd of China for about $1 billion and related accounting matters.

Joy Global profit drops as sales continue to fall

Fiscal third-quarter profit dropped 61% to $71.3 million, or 71 cents a share, down from $183.2 million, or $1.71 a share, a year earlier.

Joy Global shares jump on takeover rumours

About 6.2 million shares changed hands by 10:45 a.m. Wednesday, significantly more than the daily average of 1.3 million shares a day.

Joy Global profit drops on weak mining equipment demand

The firmj's bookings, an indication of future sales, fell by 7.2% to $1.05 billion from $1.13 billion in the same period of 2013.

How miners kept their big machines running during the downturn

When we come out of this, Canadian miners will be well-positioned world wide.

Joy Global earning sinks again, claims demand for mining equipment care coming back

The firm blamed mainly coal miners’ ongoing struggles with oversupply and spending for the gloomy results.

Equipment suppliers feel the pinch

Joy Global reports 36% drop in orders.