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GE aims to boost its revenues from its mining-equipment and services unit to $5B from $2B...

GE aims to boost its revenues from its mining-equipment and services unit to $5B from $2B "within a few years." As it did with its oil and gas ops, the conglomerate plans to grow GE Mining through acquisitions even though mining companies such as BHP have been scaling back investment as commodity prices fall. "It is a good a time to be looking at acquisitions in a value sense," says GE Mining CEO Geoff Knox.
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