Joy Global Inc. (NYSE: JOY), a worldwide leader in high-productivity mining solutions, today announced that it entered into a definitive agreement to purchase certain assets of Mining Technologies International, Inc. ("MTI") for $51.0 million Canadian dollars.

Joy Global Inc. (NYSE: JOY) today announced that Michael W. Sutherlin, President and Chief Executive Officer, has set plans to retire at the end of this year.

It will release fiscal first quarter 2013 earnings results before the market opens on Wednesday, February 27, 2013.

Joy Global Inc. (NYSE:JOY) ("Joy Global") a worldwide leader in high productivity mining solutions today announced the commencement of a tender offer for the remaining outstanding shares of International Mining Machinery Holdings Ltd. (HKSE:1683) ("IMM"), a leading designer and manufacturer of underground mining equipment in China.