Industrial Metals & Minerals
(BHP) BHP Billiton – ADR – Bear of the Day
We downgrade our recommendation on BHP Billiton Ltd. – ADR (BHP) from Neutral to Underperform based on declining industrial demand on the back of sluggish economic growth in Europe and U.S. Other headwinds include competition from peers, upsurge in oil prices and rising...
21Dec2011 | vitalstocks | 0 comments | Continued(BHP) Court Piles Taxes on Vale
A week ago, Australian lower house has announced the approval of tax on profit for coal and iron ore mining. The news came as a blow to BHP Billiton Ltd. (BHP), Rio Tinto plc (RIO), Xstrata and other iron-ore and coal miners operating in Australia. These companies have to bear...
8Dec2011 | vitalstocks | 0 comments | Continued(ACI) Arch Coal Incorporated – Bear of the Day
Arch Coal, Inc.’s (ACI) third quarter missed on account of the Midwestern flooding and the geological challenges in Appalachia. This was offset in part by improved metallurgical coal shipments and robust met coal pricing. Going forward, increased regulation and alternate...
2Dec2011 | vitalstocks | 0 comments | Continued(BHP) U.S. Natural Gas Price Forecast
by David Fessler, Investment U Senior Analyst Tuesday, November 15, 2011: Issue #1643 Most natural gas drillers have been scrambling to reposition their drill rigs over oil-rich acreage… And why not? With oil once again hovering near the $100-a-barrel mark, you can hardly blame...
22Nov2011 | InvestmentU | 0 comments | Continued(CNX) CONSOL Energy Guides for a Stronger Finish
Diversified fuel producer CONSOL Energy Inc. (CNX) provided guidance for coal exports in the range of 10 to 10.5 million tons for 2011, up from the initial coal exports outlook of 10 million tons. CONSOL Energy is quite confident that the export market will remain strong for...
24Sep2011 | vitalstocks | 0 comments | Continued(ANR) U.S. Railroads See Coal Demand Worries
Despite the impacts of inclement weather and staggering fuel prices, U.S. Railroads saw strong momentum in the first half of 2011 primarily driven by higher coal volumes. Coal shipments, which accounted for approximately 40% of the total railway shipment, led to positive market...
23Sep2011 | vitalstocks | 0 comments | Continued(BHP) Mining Companies Driving Bullish Sentiment in Australia
by Justin Dove, Investment U Research Thursday, September 15, 2011 As precious metal and rare earth prices remain high, so do the margins for mining companies. Thus, companies such as BHP Billiton (NYSE: BHP) and Lynas Corp. (OTC: LYSCF.PK) stand to spend plenty on increasing...
19Sep2011 | InvestmentU | 0 comments | Continued(NRP) Natural Resource Partners L.P. Beats Expectations – Increases Guidance
Natural Resource Partners L.P. (NRP) announced its second-quarter 2010 operating earnings of 48 cents per unit, surpassing the Zacks Consensus Estimate by 4 cents. The results of the partnership were a dime ahead of the year-ago figure. Revenue Total revenue at Natural Resource...
5Aug2011 | vitalstocks | 0 comments | Continued(WLT) Walter Energy Misses on Weather Woes
Second quarter operating earnings for Walter Energy Inc. (WLT) came in at $2.36 per share, falling substantially short of the Zacks Consensus Estimate of $4.09. Such a miss stemmed from difficult geology in Alabama and weather-related challenges at both Alabama and Northeast...
5Aug2011 | vitalstocks | 0 comments | Continued(BHP) Rio Tinto Sales Up – Misses Estimate
Rio Tinto plc. (RIO) has reported financial results for the first half of 2011. Net earnings attributable to ADR holders of Rio Tinto during the period were $7,587 million, up 30% year over year from $5,845 million reported in the first half of 2010. Earnings per ADR were $3.87,...
5Aug2011 | vitalstocks | 0 comments | Continued(ACI) Coal Industry Stock Review – August 2011 – Industry Outlook
The rebound phase for the coal industry from the 2008-2009 turmoil continued in 2011. The global economic outlook started improving following the turmoil of late 2008. The U.S. economy came out of the recession in the summer of 2009 and has been in a recovery mode since then,...
2Aug2011 | vitalstocks | 0 comments | Continued(BHP) Company News for July 18, 2011 – Corporate Summary
• BHP Billiton Ltd. (NYSE:BHP) said it will be acquiring Petrohawk Energy Corporation (NYSE:HK) for $12.1 billion • Investor Carl Icahn offered to buy Clorox Corporation (NYSE:CLX) for $12.6 billion. Shareholders of Clorox are to get $76.50 per share in cash under...
18Jul2011 | vitalstocks | 0 comments | Continued(TIE) Titanium Metals and Boeing Extend Deal
Titanium Metals Corporation (TIE) announced that it has extended its titanium supply agreement with The Boeing Company (BA) through December 31, 2018. In November last year, Titanium entered into a long-term supply agreement with Boeing, which was scheduled to expire on December...
15Jul2011 | vitalstocks | 0 comments | Continued(BHP) BHP Billiton – ADS- Bull of the Day
BHP Billiton (BHP) is a diversified resource company with operations around the globe. Over the longer term, we view the economic recovery and ongoing industrialization in the emerging markets quite positively, as it is expected to improve the demand and price of the company’s...
6Jul2011 | vitalstocks | 0 comments | Continued(ATI) Allegheny Technologies’ Gets New Labor Contract with United Steelworkers
Allegheny Technologies Incorporated (ATI) announced that the United Steelworkers (USW) represented employees at Allegheny’s Ludlum plants and Albany, Ore., titanium operations ratified new four-year labor agreements. The new agreements wil expire on June 30, 2015, and...
1Jul2011 | vitalstocks | 0 comments | Continued(CNX) CONSOL Energy Closes Uncompetitive Mine
Coal and natural gas company CONSOL Energy Inc. (CNX) announced the closure of its Mine 84, located near Washington, Pennsylvania. The company said the mine which had been in operation for decades producing thermal and metallurgical coal is no longer competitive. The company...
30Jun2011 | vitalstocks | 0 comments | Continued(BTU) Peabody Energy Acquires Australian Mine
Coal miner Peabody Energy Corp. (BTU) has signed an acquisition deal with Thiess Investments Pty Ltd to buy the remaining 5% joint venture interest in an Australian coal mine, the Burton Mine, for AU$35 million. Peabody had acquired 95% of Burton in April 2004. The acquisition...
30Jun2011 | vitalstocks | 0 comments | Continued(ACI) Company News for June 30, 2011 – Corporate Summary
• Share prices of Campbell Soup Co. (NYSE:CPB) gained 2.79% after the company’s decision to axe 770 employees of the company globally was given the green signal by its investors. Campbell Soup also announced it was shutting down a plant in Russia • VeriSign,...
30Jun2011 | vitalstocks | 0 comments | Continued(ACI) U.S. Coal Production: What Investors Need to Know
by David Fessler, Investment U Senior Analyst Tuesday, June 28, 2011: Issue #1544 Last week, I wrote about Indonesia’s booming thermal coal export business. It’s the largest exporter of thermal coal in the world, and business is booming, primarily due to demand from India...
29Jun2011 | InvestmentU | 0 comments | Continued(BHP) BHP Billiton Limited Invests Further in Canada
BHP Billiton Limited (BHP) has approved another investment of $488 million to support the development of the Jansen Potash Project in Saskatchewan, Canada. The funding will help in supporting the project’s feasibility study related to preparation and procurement of long lead...
26Jun2011 | vitalstocks | 0 comments | Continued(BHP) RIO Tinto Announced Plans to Acquire Riversdale Mining
Rio Tinto plc (RIO) announced that it plans to acquire the remaining stake in Riversdale Mining Limited. by exercising its right under section 661A (1) of the Australian Corporations Act. Currently, the company has a 99.76% stake in Riversdale through its wholly owned subsidiary...
26Jun2011 | vitalstocks | 0 comments | Continued(ATI) Allegheny Technologies Incorporated Teams with Rolls Royce
One of the world’s largest specialty metals producers Allegheny Technologies Incorporated (ATI) signed a long-term contract with Rolls-Royce for the supply of ATI 718Plus Alloy for the period stretching from 2011 till 2024. The ATI 718Plus is a nickel based super-alloy that...
22Jun2011 | vitalstocks | 0 comments | Continued(NRP) Natural Resource Partners L.P. Unit Issuing Senior Notes
Natural Resource Partners L.P. (NRP) announced that its subsidiary NRP (Operating) LLC issued the previously announced $50 million of senior notes yielding interest of 5.03% per year and maturing on December 1, 2026. The partnership intends to utilize the proceeds to fund future...
20Jun2011 | vitalstocks | 0 comments | Continued(ACI) Arch Coal Finalizes International Coal Group Deal
Arch Coal Inc. (ACI) announced the successful closing of the merger deal with International Coal Group Inc. (ICO). Following the completion of the acquisition International Coal will operate as a wholly owned subsidiary of Arch. As part of the merger, Arch completed a previously...
17Jun2011 | vitalstocks | 0 comments | Continued(ANR) Company News for May 26, 2011 – Corporate Summary
• Guess?, Inc. (NYSE:GES) reported Q1 EPS of $0.46, above the Zacks Consensus Estimates of $0.44 per share. Revenues for the quarter rose 9.8% year-over-year to $592.2 million, higher than the Zacks Consensus Estimate of $568.0 million • Suntech Power Holdings...
26May2011 | vitalstocks | 0 comments | Continued(ATI) Allegheny Technologies Acquires Ladish
Specialty metals productmaker, Allegheny Technologies Incorporated (ATI) completed the acquisition of Ladish Co. Inc. for cash and stock of approximately $883 million for expanding its offerings in the aerospace sector. As per the agreement, Ladish investors will receive $24...
18May2011 | vitalstocks | 0 comments | Continued(ATI) Allegheny Technologies First Quarter Beats Consensus
Allegheny Technologies Inc. (ATI) earned $56.3 million, or 54 cents per share, in the first quarter of 2011, surpassing the Zacks Consensus Estimate of 49 cents and last year’s $18.2 million, or 18 cents per share. First-quarter results were impacted by $5.8 million, or...
3May2011 | vitalstocks | 0 comments | Continued(MEE) Massey Energy Reports Positive Results
Coal miner, Massey Energy Company (MEE) reported operating earnings of 28 cents per share or $28.5 million, missing the Zacks Consensus Estimate of 58 cents per share. Operating earnings for the quarter excluded one-time charges related to the Upper Big Branch (UBB) mine disaster,...
3May2011 | vitalstocks | 0 comments | Continued(FRG) Newmont Mining Buyout of Fronteer Gold Gets Fronteer Shareholder Approval
Shareholders of Vancouver-based Fronteer Gold Inc. (FRG) have approved the proposed buyout by Newmont Mining Corporation (NEM); casting 99.7% votes in favor of the deal. The consideration of the deal is in cash and stock, valued at $2.3 billion and is expected to close by April...
10Apr2011 | vitalstocks | 0 comments | Continued(BTU) Peabody Energy Improves Asian Exports
St. Louis-based Peabody Energy Corporation (BTU) has signed an agreement with Indonesia’s PT Cahaya Energi Mandiri (CEM) to source 2 million tons of coal to improve exports. Indonesia is the world’s largest supplier of seaborne thermal coal. Peabody said that the...
4Mar2011 | vitalstocks | 0 comments | Continued