Suspension of Operations, Executive Appointments, Approved Investments, Operational Updates, and Dividends - Research Report on Rio Tinto, US Steel, BHP Billiton, Peabody Energy, and Teck Resources
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NEW YORK, December 4, 2013 /PRNewswire/ --
Today, Analysts' Corner announced new research reports highlighting Rio Tinto plc (NYSE: RIO), United States Steel Corporation (NYSE: X), BHP Billiton Limited (NYSE: BHP), Peabody Energy Corporation (NYSE: BTU), and Teck Resources Limited (NYSE: TCK). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Rio Tinto plc Research Report
On November 29, 2013, Rio Tinto plc (Rio Tinto) announced that the Company will move to suspend alumina production at Gove refinery and will focus on its bauxite operations after determining the refinery is no longer a viable business in the current market environment. Further, the Company informed that it will now work on the scope and phased timing of suspension and prepare for all potential outcomes over coming months. "There is no doubt it is a challenging path ahead. We are working in partnership with the Northern Territory and Australian Governments, the broader community and Traditional Owners to identify initiatives to create new opportunities for the people of Nhulunbuy. We have a firm belief in the potential of the bauxite operation, a quality asset with a long-term future," said Sam Walsh, Rio Tinto Chief Executive. The Company expects the process of suspending production to begin in Q1 2014 and be phased during the year. The Full Research Report on Rio Tinto plc - 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/a79b_RIO
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United States Steel Corporation Research Report
On November 27, 2013, United States Steel Corporation (US Steel) announced that its Board of Directors has elected David S. Sutherland to the position of independent, non-executive chairman, effective January 1, 2014. The Company had previously announced that executive chairman John P. Surma will retire on December 31, 2013. The Company informed that Sutherland joined the U. S. Steel board in 2008 and serves on the Compensation and Organization Committee and the Corporate Governance and Public Policy Committee. Sutherland is also a director of GATX Corporation and Imperial Oil, Ltd. The Full Research Report on United States Steel 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/8026_X
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BHP Billiton Limited Research Report
On November 25, 2013, BHP Billiton Limited (BHP Billiton) announced that it has approved $301 million in execution capital (BHP Billiton share) to replace two shiploaders at its Nelson Point port operations in Port Hedland. BHP Billiton Iron Ore President, Jimmy Wilson, said, "This is an important investment that is consistent with our commitment to maximise the capacity of the Western Australia Iron Ore inner harbour and deliver substantial value to shareholders and other stakeholders." BHP Billiton expects the commissioning of the two replacement shiploaders to begin in H2 2014. The Full Research Report on BHP Billiton Limited - 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/b7d2_BHP
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Peabody Energy Corporation Research Report
On November 27, 2013, Peabody Energy Corporation (Peabody Energy) reported that its eight million pound dragline has successfully completed a historic journey from the Company's Lee Ranch Mine northwest of Grants, New Mexico, more than 20 miles to its new home at the El Segundo Mine. Peabody Energy stated that the 1570-W dragline, which is one of the world's most massive machines, crossed the high desert, carried by a specialized 600-wheel vehicle. Brad Brown, Senior Vice President of Southwest Operations at Peabody Energy said, "These machines are the size of a ship on dry land. They can walk but typically very slowly with the help of electric generators. This time, Peabody used a different, more efficient method involving a carrier. We owe a huge amount of thanks to all team members who made this engineering accomplishment possible." 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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Teck Resources Limited Research Report
On November 19, 2013, Teck Resources Limited (Teck) announced an eligible dividend of $0.45 per share on the Company's outstanding Class A common shares and Class B subordinate voting shares. According to Teck, the dividend will be payable on January 2, 2014, to shareholders of record at the close of business on December 16, 2013. The Full Research Report on Teck Resources Limited - 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/2f17_TCK
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