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Mining and cement equipment and services supplier FLSmidth announced Thursday that it has entered into an agreement to purchase thyssenkrupp’s mining business, TK Mining, for an enterprise value of €325 million, or about $385 million.
“This is a truly transformational deal allowing us to accelerate our growth ambitions in mining by creating a stronger talent pool and one of the world’s largest and strongest suppliers to the mining industry. Our complementary customer base and improved geographic coverage will offer a strong value proposition to our customers,” said Thomas Schultz, the CEO of FLSmidth, in a statement. “There is significant opportunity in transforming TK Mining towards FLSmidth’s business mix and model in which higher margin service business makes up about 60% of revenue.”
iMining Blockchain and Cryptocurrency Inc.: iMining Completes Name Change
Company or
iMining ) is pleased to announce that it has completed the necessary regulatory steps to change its name from iMining Blockchain and Cryptocurrency Inc. to
iMining Technologies Inc. The name change, which takes effect on August 3, 2021, will better reflect the diverse businesses under the iMining umbrella and future synergistic acquisitions.
About iMining Technologies Inc.
iMining Blockchain and Cryptocurrency Inc. is a growth oriented, TSXV listed company, focused on linking traditional capital markets with blockchain investment opportunities. Through its wholly owned subsidiaries, the company provides retail and institutional investors a safe and secure way to stake, mine and exchange digital assets using proprietary and secure solutions. We are driven by our core values to operate with transparency, efficiency, and sustainability as we work toward building long-term shareholder value.