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Japan's to buy U.S. mining equipment maker. The Japanese maker of construction and mining equipment said on Thursday that it would buy 100 percent of the Milwaukee, Wisconsinpany for $28.30 per share, about a 20 premium to Wednesday's closing price. Joy Global, which generates annual revenue of around $3.2 billion, manufactures.
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Mining in Japan is minimal because Japan does not possess many on shore mineral resources. Many of the on shore minerals have already been mined to the point that it hase less expensive to import minerals. There are small deposits of coal, oil, iron and minerals in the Japanese archipelago. Japan is scarce in critical natural resources and has been heavily dependent on imported energy
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