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Komatsu’s proposed US$3.7 billion acquisition of US-based Joy Global will deliver the Japanese company a very similar mining business to Joy’s former Milwaukee neighbour, Bucyrus, bought by Caterpillar in 2010 for more than double the price Komatsu is paying.
Bucyrus reported mining sales of $2.65 billion and net income of $313 million in the year before Caterpillar paid US$92/share for Bucyrus’ equity in an $8.
Decarbonisation in steel spells upside for fast track Sweden Kallak North iron ore project
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