China is taking on mining giants to reorder a $190 billion market
This is already the most significant commercial clash in nearly two decades between the country and one of its top suppliers.
Joy Global buys 41% of China-based International Mining Machinery Holdings for $538 million
Joy Global, one of the world's leading heavy-equipment mining companies, will take over China-Based International Mining Machinery Holdings Ltd. According to a statement released on Thursday, Joy Global will purchase 534.8 million shares of IMM for HKD 8.50 a share...
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