Sale of Holding, Regulatory Approvals, Review of Stake, Commencement of Production, and Dividends - Research Reports on Vale, Kinder Morgan, Rio Tinto, BP and Rockwood
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NEW YORK, September 2, 2014 /PRNewswire/ --
Today, Analysts Review released its research reports regarding Vale SA (NYSE: VALE), Kinder Morgan Inc. (NYSE: KMI), Rio Tinto plc (NYSE: RIO), BP plc (NYSE: BP) and Rockwood Holdings, Inc. (NYSE: ROC). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/6140-100free.
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Vale SA Research Reports
On August 20, 2014, Vale SA (Vale) announced that it has completed the transfer of 26.5% of the total capital of VLI to investment funds managed by Brookfield Asset Management, for (Brazilian real) BRL$2 billion. Vale stated that it announced this transaction on December 23, 2014 and post this transaction, the Company holds 37.6% of VLI's total share capital. Vale added that in April, 2014, the Company completed the transactions with Mitsui and FI-FGTS, whereby 20% of the total capital of VLI were transferred to Mitsui and 15.9% to the Investment Fund of the Fundo de a do Tempo de Serviço - FGTS (FI-FGTS). The full research reports on Vale are available to download free of charge at:
http://www.analystsreview.com/Sep-02-2014/VALE/report.pdf
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Kinder Morgan Inc. Research Reports
On August 25, 2014, Kinder Morgan Inc. (Kinder Morgan) announced that the Company has received the Federal Trade Commission approval for early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act (HSR) related to its proposed acquisition of Kinder Morgan Energy Partners, L.P. Kinder Morgan stated that the proposed acquisition was announced on August 10, 2014, along with the proposed acquisitions of Kinder Morgan Management, LLC and El Paso Pipeline Partners, L.P. for which no HSR filings were required. Kinder Morgan expects the transactions to be of approx. $70 billion and plans to close the same by the end of 2014 following unitholder and shareholder votes, and standard regulatory notifications and approvals. The full research reports on Kinder Morgan are available to download free of charge at:
http://www.analystsreview.com/Sep-02-2014/KMI/report.pdf
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Rio Tinto plc Research Reports
On August 18, 2014, Rio Tinto Plc (Rio Tinto) announced that the Company is in a process to review all options for its 53.83% stake in Bougainville Copper Limited (BCL) as a result of the recent developments in Papua New Guinea, including the new mining legislation passed earlier this month by the Autonomous Bougainville Government (ABG). Rio Tinto informed that for some time, BCL has been involved in discussions with the Government of Papua New Guinea, the ABG and landowners about whether BCL would participate in a future potential return to mining at Panguna. The full research reports on Rio Tinto are available to download free of charge at:
http://www.analystsreview.com/Sep-02-2014/RIO/report.pdf
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BP plc Research Reports
On August 23, 2014, BP Plc (BP) announced that the DEKA project offshore Egypt has produced its first gas with the commencement of production from the Denise South-6 well at an initial rate of 50 million cubic feet per day (mmscf/d). BP informed that the DEKA project is centered on the Denise and Karawan gas fields in Temsah Concession in the East Nile Delta and will supply to the Egypt's domestic market. According to the release, BP and IEOC (ENI) each hold 50% interest in the Temsah concession. The Company stated that DEKA project operated by the Petrobel joint venture, uses existing infrastructure from the Seth field, the Temsah pliocene export pipeline and El Gamil gas terminal infrastructure. Further, DEKA is expected to produce 230 mmscf/d of gas at peak from early 2015. Hesham Mekawi, BP North Africa Regional President, said, "The DEKA project is another example of BP's commitment to Egypt and longstanding Egyptian partnerships. We look forward to continuing to play a key role in the development of Egypt's energy sector and maximising the use of our existing resources to help meet the country's growing energy demands for years to come." The full research reports on BP are available to download free of charge at:
http://www.analystsreview.com/Sep-02-2014/BP/report.pdf
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Rockwood Holdings, Inc. Research Reports
On August 28, 2014, Rockwood Holdings, Inc. announced that its Board of Directors has declared a quarterly cash dividend of $0.45 per share, payable on September 25, 2014 to all common stockholders of record at the close of business on September 10, 2014. The recently announced dividend is unchanged from the dividend announced in the previous quarter. The full research reports on Rockwood are available to download free of charge at:
http://www.analystsreview.com/Sep-02-2014/ROC/report.pdf
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