Retirement, Dividends, Ongoing Operations Update, Recognitions, and Resumption of Operations - Analyst Notes on U.S. Steel, Nucor, ArcelorMittal, POSCO and Gold Fields
Editor Note: For more information about this release, please scroll to bottom.
NEW YORK, June 17, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding United States Steel Corporation (NYSE: X), Nucor Corporation (NYSE: NUE), ArcelorMittal SA (NYSE: MT), POSCO (NYSE: PKX) and Gold Fields Limited (NYSE: GFI). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/3772-100free.
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United States Steel Corporation Analyst Notes
On June 5, 2014, United States Steel Corporation's (U.S. Steel) Vice President and Controller, Gregory A. Zovko announced his plan to retire effective June 30, 2014, after serving for 31 years in the Company. Zovko began his career with U.S. Steel in 1983 as an accounting and finance management associate. Zovko held progressively more responsible audit, accounting, and financial staff positions. David B. Burritt, Executive Vice President and CFO, said, "Greg has provided advice, counsel and wise stewardship of our financial affairs during some of the most challenging periods for our industry. We are fortunate to have benefitted from Greg's financial expertise and leadership, and congratulate him on his retirement." The full analyst notes on U.S. Steel are available to download free of charge at:
http://www.analystsreview.com/Jun-17-2014/X/report.pdf
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Nucor Corporation Analyst Notes
On June 5, 2014, Nucor Corporation declared the regular quarterly cash dividend -its 165th consecutive dividend - of $0.37 per share on the Company's common stock. The cash dividend is payable on August 11, 2014 to stockholders of record as on June 30 2014. The full analyst notes on Nucor are available to download free of charge at:
http://www.analystsreview.com/Jun-17-2014/NUE/report.pdf
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ArcelorMittal SA Analyst Notes
On June 12, 2014, ArcelorMittal SA (ArcelorMittal) reported that ArcelorMittal Liberia has received six new locomotives on June 8, 2014 in preparation for phase two of its operations. According to the Company, the six new trains will join the fleet of three trains, bringing the total fleet to nine trains that run on the rail line between Buchanan and Tokadeh Mines in Yekepa, Nimba County. The additional trains will meet the increased demands of phase two when the Company plans to ship 15 million tons per year, compared with the 5 million tons shipping target for phase one of operations. The Company invested more than $1 billion in its operations in the country and divided the project into two phases, with phase one focusing on direct shipping ore phase wherein the ore is mined and shipped to the Company's European steel plants or to the open market in Asia, while phase two of operations will see the installation of a fixed ship loader and the building of a concentrator plant at Tokadeh. The full analyst notes on ArcelorMittal are available to download free of charge at:
http://www.analystsreview.com/Jun-17-2014/MT/report.pdf
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POSCO Analyst Notes
On June 10, 2014, POSCO reported that it has been recognized with the grand prize in the Best Company to Work category during the 1st Annual 100 Most Happy Companies Award, hosted by the Dong-A Ilbo on June 3, 2014, at the Seoul Plaza Hotel. According to the Company, the aforesaid event was supported by the Ministry of Trade, Industry & Energy, Ministry of Security and Public Administration, Ministry of Health & Welfare, Ministry of Employment and Labor, and Ministry of Gender Equality & Family. A total of 25 companies are selected in each industry sector and awarded in recognition of their efforts to strive for the happy development of the company and society. The full analyst notes on POSCO are available to download free of charge at:
http://www.analystsreview.com/Jun-17-2014/PKX/report.pdf
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Gold Fields Limited Analyst Notes
On June 2, 2014, Gold Fields Limited announced that the South Deep Project in South Africa has resumed operations as Section 54 order was lifted after the completion of a report back to the Department of Mineral Resources (DMR), in terms of Section 11(5) of the Mines Health and Safety Act. The DMR issued the order after an in loco inspection which lead to two separate fatal accidents on May 17, and May 27, 2014 occurred. Following the lifting of Section 54 and the resuming of operations, the Company's focus at South Deep for the next three to four months will be on the satisfactory completion of the secondary support backlog, with an aim to return the mine to normal production at the earliest. The full analyst notes on Gold Fields are available to download free of charge at:
http://www.analystsreview.com/Jun-17-2014/GFI/report.pdf
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