Industrial Metals & Minerals
(PVR) Penn Virginia Resource Partners L.P. Expands Marcellus Footprint
Penn Virginia Resource Partners L.P. (PVR), through its midstream division PVR Midstream, has agreed to construct and operate gas gathering pipelines and compression facilities for a private firm in the Marcellus Shale of northern Pennsylvania. Under the agreement, PVR Midstream...
19Mar2010 | vitalstocks | 0 comments | Continued(ACI) Arch Coal Increases Powder River Basin Exposure
Arch Coal Inc. (ACI) announced that it has bid successfully for a state coal lease in Montana. The company made a one-time bonus bid of $85.8 million, payable in April 2010, for the right to mine about 8,300 acres of state-owned minerals in the Otter Creek Tracts in southeastern...
19Mar2010 | vitalstocks | 0 comments | Continued(CNX) CONSOL Energy Buys Part of Dominion Resources’ Business
Coal producer CONSOL Energy Inc. (CNX) agreed to buy the Appalachian exploration and production business of Dominion Resources Inc. (D) for $3.475 billion in cash. This acquisition will substantially increase CONSOL’s natural gas reserves and production capacity – further...
18Mar2010 | vitalstocks | 0 comments | Continued(PCX) Patriot Coal Corporation Sells Metallurgical Coal to Asia
Coal producer, Patriot Coal Corporation (PCX) is all set to venture into the Asian coal markets with its first sale of $1.5 million tons of metallurgical coal to steel mills in the Pacific Rim. The company said that the coal will be sourced primarily from its Panther and Winchester...
18Mar2010 | vitalstocks | 0 comments | Continued(MEE) Massey Energy Company Acquires Cumberland
Massey Energy Company (MEE) has agreed to purchase Cumberland Resources Corporation and its affiliated companies for $960 million. Cumberland is one of the largest privately held coal producers in the United States, with 2009 revenue of $550 million generated from the production...
18Mar2010 | vitalstocks | 0 comments | Continued(ACI) Arch Coal Buys Stake in Texas Power Plant
Arch Coal Inc. (ACI) that it purchased 35% equity interest in a Texas power plant as part of its ongoing pursuit of technology meant to reduce damaging greenhouse gas emissions. The Trailblazer Energy Center near Sweetwater, Texas is being developed by Tenaska Inc. Arch’s...
12Mar2010 | vitalstocks | 0 comments | Continued(BHP) BHP Billiton Limited – Bull of the Day
In response to global economic conditions, BHP Billiton Limited (BHP) has undertaken various actions, such as withdrawing from its pursuit of Rio Tinto, adjusting production levels in line with the demand and suspending cash negative operations. BHP continues with its long-term...
3Mar2010 | vitalstocks | 0 comments | Continued(TIE) Titanium Metals Corporation Net Earnings Down – Outlook Up
Titanium Metals Corporation (TIE) reported a sharp drop in profits in the fourth quarter of 2009. Net profits declined to 3 cents per share from last year’s 19 cents on production delays in the commercial aerospace industry. However, earnings were ahead of the Zacks Consensus...
3Mar2010 | vitalstocks | 0 comments | Continued(BTU) Peabody Energy Corporation to Cut CO2 Emissions
Peabody Energy Corp. (BTU) signed an agreement with GreatPoint to pursue development of coal-to-gas and coal-to-hydrogen projects in the U.S. and around the world with carbon capture and storage (CCS) that would achieve near-zero carbon emissions while liberating vast quantities...
23Feb2010 | vitalstocks | 0 comments | Continued(PVR) Penn Virginia Resource Partners L.P. Reports Nicely Above Expectations
Penn Virginia Resource Partners L.P. (PVR) posted adjusted net income of 49 cents per unit, above the Zacks Consensus Estimate of 31 cents and well above 28 cents posted a year ago. The significant improvement in quarterly results was due to much higher fractionation spreads...
16Feb2010 | vitalstocks | 0 comments | Continued(MEE) Massey Energy Reports Results Meeting Estimates
Massey Energy Co. (MEE) ? the largest coal company in Central Appalachia, Virginia – announced fourth-quarter earnings of 28 cents per share, in line with the Zacks Consensus Estimate. In fiscal 2009, the company felt the impact of falling energy demand precipitated by a weak...
4Feb2010 | vitalstocks | 0 comments | Continued(WLT) Walter Energy Lags Estimates – Sales Down
Walter Energy Inc.’s (WLT) fourth-quarter earnings of 54 cents per share was below the Zacks Consensus Estimate of 59 cents and the year-ago profit of $4.37 due to lower revenues and operating income. For the full year 2009, the company reported earnings of $2.55 per share,...
4Feb2010 | vitalstocks | 0 comments | Continued(ACI) Arch Coal Misses Expectations – Profits Fall
Arch Coal Inc. (ACI) posted a net income of 11 cents per share for the fourth quarter of 2009, below the Zacks Consensus Estimate of 16 cents and the reported net income of 44 cents per share during the same period last year. For the full year 2009, the company reported earnings...
1Feb2010 | vitalstocks | 0 comments | Continued(BHP) Thermal Coal Investments: China Fires Up a New Age for This Commodity
by Tony Daltorio, Investment U Research Monday, February 1, 2010 The price of thermal coal recently broke through the psychological $100 barrier for the first time in more than a year, just as a wave of brutally cold weather and heavy snow hit China. That storm disrupted mining...
1Feb2010 | InvestmentU | 0 comments | Continued(CNX) CONSOL Energy Reports Better Than Expected Earnings
Coal producer CONSOL Energy Inc. (CNX) posted earnings from continuing operations of 78 cents per share in the fourth quarter, higher than the Zacks Consensus Estimate of 74 cents but below the 97 cents reported a year ago. The better-than-expected results came on the back of...
30Jan2010 | vitalstocks | 0 comments | Continued(ATI) Allegheny Technologies Incorporated Net Down in Fourth Quarter
Allegheny Technologies Incorporated (ATI) recorded a net income of $37.8 million or 36 cents in the fourth quarter of 2009, down significantly from last year’s net income of $110.9 million or $1.15 per share. Reported earnings, however, exceeded the Zacks Consensus Estimate...
27Jan2010 | vitalstocks | 0 comments | Continued(BTU) Peabody Energy Corporation Tops Expectations – Outlook Robust
Peabody Energy Corporation (BTU) reported fourth-quarter and full-year 2009 earnings of 43 cents and $1.92 per share, respectively, beating the Zacks Consensus Estimate of 30 cents and $1.78. However, the quarterly and yearly results were down 53% and 43% from the respective...
26Jan2010 | vitalstocks | 0 comments | Continued(NRP) Natural Resource Partners L.P. Issues 2010 Earnings Guidance
Master limited partnership Natural Resource Partners L.P. (NRP) yesterday provided its production and earnings guidance for 2010. The partnership projects coal production in 2010 to be essentially flat, ranging from 41 to 50 million tons. The partnership guided total revenue...
23Jan2010 | vitalstocks | 0 comments | Continued(WLT) Walter Energy Incorporated – Fifth Consecutive Earnings Surprise
Walter Energy (WLT) analysts are projecting impressive growth in 2010 as shares continue to climb. Company Description Walter Energy produces coking coal for the steel industry. Additionally, the company provides steam and industrial coal, metallurgical coke and methane gas. Beat...
21Jan2010 | vitalstocks | 0 comments | Continued(MEE) Massey Energy Company Inks Contract With Jindal
U.S. Coal producer Massey Energy Company (MEE) signed a memorandum of understanding with India’s Jindal Steel & Power Limited for the development and operation of underground coal mining projects, with focus on potential projects in India, Mongolia, Australia and the United...
14Jan2010 | vitalstocks | 0 comments | Continued(CNX) CONSOL Energy Sells First Coal to China
Coal and natural gas company CONSOL Energy Inc. (CNX) made its first sale of high-volume coking coal to Asia from its Bailey Mine in Northern Appalachia. The sale was made by Xcoal, the exclusive representative of CONSOL in Asia, as a result of an Asian Marketing Initiative announced...
12Jan2010 | vitalstocks | 0 comments | Continued(CNX) CONSOL Energy’s Fola to Resume Operations
Yesterday, Judge Robert C. Chambers, of the United States District Court for the Southern District of West Virginia, ruled that CONSOL Energy Inc’s (CNX) Fola Operations near Bickmore, West Virginia, can continue operations past the judge’s previously imposed deadline...
30Dec2009 | vitalstocks | 0 comments | Continued(WLT) Walter Energy Starts Longwall Coal Production
Coal Producer and exporter Walter Energy Inc. (WLT) announced the start-up of production at its Mine No.7 in East Longwall. The company started the Longwall expansion program in 2005. The $175 million expansion is expected to generate an additional production of about 2.0 million...
17Dec2009 | vitalstocks | 0 comments | Continued(MEE) Massey Energy Company Acquires Coal Reserve
Massey Energy Company (MEE) has fully acquired 15 million tons of coal reserves in West Virginia from rival Appalachian Fuels LLC, which went bankrupt recently, for over $6 million. Massey has also acquired permits needed to develop infrastructure and plans to begin production...
19Nov2009 | vitalstocks | 0 comments | Continued(PVR) Penn Virginia Resource Partners L.P. Beats but Revenues Dip
Penn Virginia Resource Partners L.P. (PVR) posted adjusted net income of 30 cents per unit, marginally above the Zacks Consensus Estimate of 29 cents and well above 19 cents posted a year ago. The increase in net income was primarily due to improved operating income from PVR...
14Nov2009 | vitalstocks | 0 comments | Continued(ACI) Arch Coal and Great Northern Properties Limited Partnership Sign Coal Lease Pact
Arch Coal Inc. (ACI) and Great Northern Properties Limited Partnership (GNP) have entered into a coal lease agreement for all of GNP’s coal resources in the Otter Creek Tracts located in southeastern Montana. Following the agreement, Arch will own the right to mine about 9,600...
14Nov2009 | vitalstocks | 0 comments | Continued(NRP) Natural Resource Partners L.P. Tops Expectations
Natural Resource Partners L.P. (NRP) reported third quarter net income attributed to limited partners of 36 cents per unit, well above the Zacks Consensus Estimate of 21 cents and second quarter net income of 7 cents. Results were driven by improved reported revenues as well...
11Nov2009 | vitalstocks | 0 comments | Continued(TIE) Titanium Metals Corporation Down in the Third Quarter
Revenues and profits for Titanium Metals Corporation (TIE) plunged in the third quarter of 2009 due to lower shipments on the back of weak demand from commercial aircraft builders and lower selling prices. Earnings per share for the country’s largest producer of titanium...
9Nov2009 | vitalstocks | 0 comments | Continued(ACI) Arch Coal Tops Consensus Estimates
Arch Coal Inc. (ACI) posted a net income of 16 cents per share for the third quarter of 2009, better than the Zacks Consensus Estimate of 4 cents. It reported net income of 68 cents per share during the same period last year. Operating income declined to $48.3 million from $87.9...
3Nov2009 | vitalstocks | 0 comments | Continued(MEE) Disappointing Quarter for Massey Energy
Massey Energy Co. (MEE) the largest coal company in Central Appalachia, Virginia – announced third-quarter earnings of 19 cents per share, which was in line with the Zacks Consensus Estimate. However, lower coal shipments and prices drove a 69% slump in earnings year over...
28Oct2009 | vitalstocks | 0 comments | Continued