All Posts Tagged With: "MEE"
(CLF) Cliffs Natural Resources Sells Unit
Freewest Resources Canada Inc., a wholly owned subsidiary of Cliffs Natural Resources Inc. (CLF) entered into an agreement to sell its two mineral properties to Viking Gold Exploration Inc. (TSXV:VGC), subject to the approval of the TSX Venture Exchange and certain other closing...
10Jun2011 | vitalstocks | 0 comments | Continued(CLF) Cliffs Natural Resources Restarts Mining at Oak Grove
Cliffs Natural Resources Inc. (CLF) announced that it has resumed underground mining at its Oak Grove coal mine in Alabama but was not able to ship coal from the site because of damage to the above-ground facilities. On April 27, 2011, severe weather and a tornado had snapped...
10May2011 | vitalstocks | 0 comments | Continued(CLF) Cliffs Natural Resources Reports Excellent First Quarter
Amidst seasonally slow quarter, Cliffs Natural Resources Inc. (CLF) posted record revenues and earnings in the first quarter of 2011. Net earnings of $423 million or $3.11 per share in the first quarter were 449%, above last year’s $77 million or 57 cents. Earnings surpassed...
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(CLF) Cliffs Natural Resources Settles Dispute with ArcelorMittal
North America’s largest iron-ore producer,Cliffs Natural Resources Inc. (CLF), reached an agreement with steel giant ArcelorMittal (MT) to settle disputes over price reopener entitlements for 2009 and 2010 and pellet. Cliffs will get a payment of around $250 million to $270...
13Apr2011 | vitalstocks | 0 comments | Continued(ARO) Stock Market News for March 11, 2011 – Market News
A host of worrying events and results robbed investors of optimism to take the markets significantly lower, on Thursday as the benchmark Dow registered its worst performance in seven months. Geopolitical issues also weighed down the markets as tensions in the Middle East intensified...
11Mar2011 | vitalstocks | 0 comments | Continued(CNX) CONSOL Energy Reports Increased Proven Gas Reserves
Diversified fuel producer CONSOL Energy Inc. (CNX) revealed details about its reserves for 2010. The proved gas reserves of the company increased to 3.7 trillion cubic feet (Tcf) in 2010 from 1.9 Tcf at the end of 2009. Of the total reserves under the company 52% are proved developed...
11Feb2011 | vitalstocks | 0 comments | Continued(ANR) Stock Market News for Feb 01, 2011 – Market News
Markets closed in the green on Monday as strong earnings results from Exxon Mobil (NYSE:XOM) and positive economic data help offset concerns about political unrest in Egypt. The Dow Jones Industrial Average rose by 0.6% to close at 11,891.93. The blue-chip index gained 2.7%...
1Feb2011 | vitalstocks | 0 comments | Continued(ANR) Company News for February 01, 2011 – Corporate Summary
• ExxonMobil (NYSE:XOM) reported Q4 EPS of $1.85, ahead of the Zacks Consensus Estimate of $1.68 per share. Revenues for the quarter rose to $105.2 billion, lower than the Zacks Consensus Estimate of $113.268 billion • Alpha Natural Resources (NYSE:ANR) announced a plan...
1Feb2011 | vitalstocks | 0 comments | Continued(ADP) Stock Market News for January 7, 2011 – Market News
On Thursday, markets shed their winning streak to fall marginally lower. Figures of Retailer’s sales during the holiday shopping season were disappointing enough to take the indices down. Moreover, weak data about unemployment added to the jitteriness of investors. The Dow...
13Jan2011 | vitalstocks | 0 comments | Continued(WLT) Walter Energy Buys Mobile River Terminal from U. S. Steel Subsidiary
The producer and exporter of premium coal Walter Energy Inc. (WLT) announced that it has acquired the assets of Mobile River Terminal Co. in Mobile, Alabama from a subsidiary of U. S. Steel Corp.(X). The company will use the premium coal from these assts for export to its global...
27Dec2010 | vitalstocks | 0 comments | Continued(ADBE) Stock Market News for December 22, 2010 – Market News
The Dow Jones Industrial Average gained 0.48% to end at 11,533.16. The S&P 500 was up 0.60% to 1,254.60. The Nasdaq Composite Index rose 0.68% to 2,667.61. On the New York Stock Exchange, breadth of the market favored the advancing stocks in the ratio of 2:1 to the declining...
22Dec2010 | vitalstocks | 0 comments | Continued(AAPL) Company News for December 21, 2010 – Corporate Summary
• Toronto-Dominion (NYSE:TD) announced plans to acquire Chrysler Financial for $6.3 billion • Royal DSM said it would acquire Martek Biosciences (NASDAQ:MATK) for $1.09 billion, or $31.50 per share • Alpha Natural Resources (NYSE:ANR) has shown interest for Massey Energy...
21Dec2010 | vitalstocks | 0 comments | Continued(AAPL) Company News for December 21, 2010 – Corporate Summary
• Toronto-Dominion (NYSE:TD) announced plans to acquire Chrysler Financial for $6.3 billion • Royal DSM said it would acquire Martek Biosciences (NASDAQ:MATK) for $1.09 billion, or $31.50 per share • Alpha Natural Resources (NYSE:ANR) has shown interest for Massey Energy...
21Dec2010 | vitalstocks | 0 comments | Continued(LGF) Activist Investors Are Ready to Fight in 2011
by Marc Lichtenfeld, Investment U’s Senior Analyst Wednesday, December 15, 2010: Issue #1408 The Chinese Zodiac says 2011 is the Year of the Rabbit. According to tradition, it’s supposed to be a period of relative calm and diplomacy, where people should opt for negotiation,...
15Dec2010 | InvestmentU | 0 comments | Continued(MEE) Massey Energy’s Investigation into Explosion Takes New Direction
Massey Energy Co. (MEE) gave a new direction to the ongoing investigation to go into the cause of the April explosion at its Upper Big Branch mine in West Virginia, which killed 29 miners. Massey’s management said that, as per new evidence gathered by company experts, the deadly...
6Dec2010 | vitalstocks | 0 comments | Continued(WLT) Coal Demand Ramps Up in Emerging Markets
by Tony D’Altorio, Investment U Research Tuesday, November 30, 2010 What’s dirty and out of fashion, but everybody wants it? That would be coal, both the coking kind used to make steel, and the thermal coal used to fire power plants. Over the past year or so, coal consumption...
1Dec2010 | InvestmentU | 0 comments | Continued(BHP) Company News for November 15, 2010 – Corporate Summary
• Caterpillar (NYSE:CAT) announced plans to buy Bucyrus (NASDAQ:BUCY) for $8.6 billion, or $92 per share • EMC (NYSE:EMC) said it plans to buy Isilon (NASDAQ:ISLN) for $33.85 per share, or $2.25 billion • ArcelorMittal (NYSE:MT) said it is interested in buying Massey...
15Nov2010 | vitalstocks | 0 comments | Continued(EIA) Coal Industry Outlook – October 2010 – Industry Outlook
The outlook for the coal industry has revived materially from the weakness experienced in 2008 and 2009, driven by several powerful trends in the U.S. and Asia. Various recent economic indicators suggest that the U.S. economy regaining its stability, bringing about a rebound...
21Oct2010 | vitalstocks | 0 comments | Continued(BHP) Company News for September 17, 2010 – Corporate Summary
• Johnson & Johnson (NYSE:JNJ) is reportedly planning to buy its remaining stake in Dutch biopharmaceutical firm Crucell (NASDAQ:CRXL), in a deal valued at $2.29 billion • Goldman Sachs (NYSE:GS) upgraded CenturyLink (NYSE:CTL) to “buy” from “neutral” • Goldman...
17Sep2010 | vitalstocks | 0 comments | Continued(ACI) Arch Coal Restarts Production Dugout Canyon Mine in Carbon County
Canyon Fuel Company, a subsidiary of Arch Coal Inc. (ACI), has resumed coal production at its Dugout Canyon Mine in Carbon County, Utah. The production has been restarted with all mining equipment Incorporatedluding the main long-wall mining system. Following the detection of...
25May2010 | 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(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(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(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(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(MEE) Massey Energy Company Acquires Bankrupt Rival Appalachian Fuels
Massey Energy Company (MEE), the fourth largest coal company in the US and the largest in Central Appalachia, has completed the acquisition of mining assets from its bankrupt rival, Appalachian Fuels LLC. At more than $5.1 million, the assets include 23 million tons of coal reserves,...
7Oct2009 | vitalstocks | 0 comments | Continued(MEE) – Massey – year-over-year increase of 38% for produced coal revenue
Massey’s (MEE) fundamentals signal growth, and the company is growing through coal mine acquisitions. Massey recently announced the acquisition of a metallurgical coal mine in West Virginia. The company noted that it can add significant metallurgical coal production almost...
17Oct2008 | Shawn | 0 comments | Continued(MEE) – Massey – year-over-year increase of 38% for produced coal revenue
Massey’s (MEE) fundamentals signal growth, and the company is growing through coal mine acquisitions. Massey recently announced the acquisition of a metallurgical coal mine in West Virginia. The company noted that it can add significant metallurgical coal production almost...
15Oct2008 | Shawn | 0 comments | Continued(MEE) – Massey – year-over-year increase of 38% for produced coal revenue
Massey’s (MEE) fundamentals signal growth, and the company is growing through coal mine acquisitions. Massey recently announced the acquisition of a metallurgical coal mine in West Virginia. The company noted that it can add significant metallurgical coal production almost...
9Oct2008 | Shawn | 0 comments | Continued