According to reports in Bloomberg on July 13, Joy Global is in advanced talks to buy International Mining Machinery Holdings (IMM), the leading Chinese maker of coal-mining equipment, according to two insiders “with knowledge of the matter.” The Bloomberg report predicts that a deal may be announced as soon as this week. International Mining is controlled by private-equity firm Jordan Co, and has a market value of $1.09 billion, based on its July 11 closing stock price though shares were suspended from trading on 12 and 13 July. Jordan oversees about $6 billion and owns 41% of IMM, and plans to sell this stake as part of the proposed deal. Under Hong Kong law, however, that would trigger a mandatory offer for the rest of the company. Joy has only just completed its $1.1 billion purchase of mining wheel loader manufacturer, LeTourneau Technologies from Rowan on June 22.International Mining Machinery was formed in 2006 to acquire Jixi Coal Mining Machinery and Jiamusi Coal Mining Machinery. Jixi Machinery is headquartered in Jixi, Heilongjiang Province and is the leading manufacturer of shearers in China. Jiamusi Machinery is headquartered in Jiamusi, Heilongjiang Province, China and is the leading manufacturer of roadheaders in China. Since the original acquisition of Jixi Machinery and Jiamusi Machinery, IMM has completed five further add-on acquisitions and joint ventures including the acquisition of a manufacturer of control systems for coal mining equipment, a joint venture to manufacture coal mining armored face conveyors, and three coal mining equipment repair center JVs.
croatiaehfeuro2014semifinals ← Previous Story Main Round (Aarhus): Poland VS Sweden – match of the Day Next Story → Goal-fest in Aarhus as ‘Les Experts’ secure the semi-final berth We’re back in Aarhus for the day 10 of the 2014 EHF Euro, with still a lot to be decided in the Group 2. It was that Croatia had more at stake today, after defeat against France had put a dent in their semi-final hopes. The ‘Cowboys’ are also temporarily on top of the group 2 after this routine win, as France play Belarus later today. It’s back to the drawing board for Russia, who is still without points in the group; while Croatia’s semi-final hopes are very much alive, due to the Man of the match performance from Vori and seven goals from Horvat, who’s presence allowed Ivan Ćupić to be rested for later matches, after this convincing 25:33 (11:16) win.Russia was goalless five minutes into the match, as Croatia scores a 4:0 series off a good defensive impact. It was Horvat with his third goal of the game, which set 2:7 with 10 minutes, elapsed. Lackluster Russia has found themselves in all kinds of trouble mid-way through the first half, with only three goals scored. A brace from Slišković set the margin to 8, with 3:11 the score. With a comfortable score for Croatia, Goluža tried to rest his regulars with a rotation 10 minutes from the half-time whistle with Valčić coming to play with two goals to maintain the lead. It was Valčić that came from hero to a villain, with a techical fault and a turnover, with Skopintsev bringing the difference back to 9:14 in the last five minutes. The last minute of the first half saw Kovalev with a goal to make it a 4-goal difference at 11:15. The in-form winger Horvat scored his 4th goal of the half to set the score at 11:16 as the teams go on a break.Save from Alilović marked the beginning of the second period, as Croatia was back to finish the job. Kopljar opened the half excellently, brining the difference back to 7 goals, having previously struggled to find shooting form. The amazing Vori scored for 13:21, followed by prolific Horvat, for Croatian team to gain a 9-goal lead in the last 20 minutes. Zlatko Horvat who scored 7 goals today overall was the leading role again, as he scores for 17:25 mid-way through the second half. Poliakov and Skopintsev made it 23:28, a lifeline for Russia as the game goes into the final 7 minutes. Dying minutes of the match saw Croatia taking the steering wheel as an individual effort of 3 goals from Ninčević ruthlessly set the final score at 25:33. In truth it could have gone much worse for Russia, as Croatia was in control throughout, giving their rotation players like Slišković and Valčić a chance to showcase the skills in the national team with more play-time available.TEXT: NEMANJA SAVIC