Signed Agreements, Development Updates, Adjusted Full-year Guidance, and Extended Programs - Research Report on Vale, Cliffs, CONSOL Energy, Peabody Energy, and USEC
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NEW YORK, December 24, 2013 /PRNewswire/ --
Today, Analysts' Corner announced new research reports highlighting Vale SA (NYSE: VALE), Cliffs Natural Resources Inc. (NYSE: CLF), CONSOL Energy Inc. (NYSE: CNX), Peabody Energy Corporation (NYSE: BTU), and USEC Inc. (NYSE: USU). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Vale SA Research Report
On December 19, 2013, Vale SA (Vale) announced that it has signed agreements with CEMIG Geração e Transmissão S.A. (CEMIG GT) to sell 49% of Vale's 9% stake in Norte Energia S.A. (Norte Energia). The Company informed that two distinct companies, Aliança Norte Energia Participações S/A (Alianca Norte Energia) and Aliança Geração de Energia S/A (Alianca Geracao), were created to hold projects and power generation assets. Vale reported that in Alianca Norte Energia, Vale will hold a 51% stake, resulting from the transfer of its current 9% stake of the total capital of Norte Energia to Alianca Norte Energia and the subsequent sale of 49% of the capital of Alianca Norte Energia to CEMIG GT for approximately R$206 million. The Company reported that Alianca Geracao will be comprised of Vale's and CEMIG GT's stakes in certain hydroelectric power plants that have 1,158MW of attributable installed capacity and assured energy of 652 average MW. Vale and CEMIG GT informed that they will hold 55% and 45%, respectively, of the total capital of Alianca Geracao. The Full Research Report on Vale SA - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
http://www.analystscorner.com/r/full_research_report/6779_VALE
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Cliffs Natural Resources Inc. Research Report
On December 12, 2013, Cliffs Natural Resources Inc. (Cliffs) announced that it has reached a labor agreement with the United Steelworkers Union for a new six-year labor contract. Cliffs informed that the contract will cover approximately 229 represented workers at the Company's Pointe Noire operation in Quebec. "We are pleased to reach a new labor contract that is fair and equitable to both parties, and provides Cliffs a competitive cost structure for future success. Cliffs' most valuable resource is our employees, and we look forward to continuing our relationship with Steelworkers," said Sean Whiteford, Vice President of Eastern Canadian Iron Ore Operations. The Full Research Report on Cliffs Natural Resources Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
http://www.analystscorner.com/r/full_research_report/0534_CLF
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CONSOL Energy Inc. Research Report
On December 18, 2013, CONSOL Energy Inc. (CONSOL Energy) announced that it plans to replace traditional diesel drilling equipment with electric powered equipment during oil and gas development on Pittsburgh International Airport property. According to the Company, the shift from diesel to electric powered equipment will significantly reduce emissions and noise during development. "Technology and innovation continue to define the shale opportunity and CONSOL Energy continues to push the envelope to find new and better ways to unlock the potential of this once-in-a-generation opportunity," said Nicholas J. DeIuliis, President of CONSOL Energy. CONSOL Energy, along with the Allegheny County Airport Authority (ACAA), announced that the environmental assessment was also submitted to the Federal Aviation Administration (FAA) for review. The Full Research Report on CONSOL Energy Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
http://www.analystscorner.com/r/full_research_report/e76b_CNX
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Peabody Energy Corporation Research Report
On December 19, 2013, Peabody Energy Corporation (Peabody Energy) released an update on full year 2013 results. The Company announced that full-year 2013 Adjusted EBITDA is expected to be approximately $60 million to $80 million, lower than original targets, due to delays in final commissioning of the new longwall top coal caving system at the North Goonyella Mine, along with the impact of the now-resolved labor action at the Metropolitan Mine. The Company further informed that although both issues were already expected to occur when the Company provided guidance in October 2013, North Goonyella experienced a number of startup challenges related to hydraulic, mechanical, and electrical equipment, which have extended commissioning beyond the period originally anticipated. The Full Research Report on Peabody Energy Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
http://www.analystscorner.com/r/full_research_report/ea12_BTU
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USEC Inc. Research Report
On December 18, 2013, USEC Inc. (USEC) reported that the United States Department of Energy (DOE) has informed the Company that DOE is prepared to extend the American Centrifuge cooperative research, development, and demonstration (RD&D) program for three months beyond January 15, 2014, subject to Congressional appropriations. USEC and DOE noted that they will share costs of the program on a 20%/80% basis for a total funding level of approximately $10 million per month. The Full Research Report on USEC Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
http://www.analystscorner.com/r/full_research_report/b2c9_USU
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