Deals, Mergers and Acquisitions to Provide Profits for Mining Companies - Research Report on Alcoa, Freeport-McMoRan Copper & Gold, Goldcorp, Hecla Mining, and Century Aluminum Editor Note: For more information about this release, please scroll to bottom
NEW YORK, June 24, 2013 /PRNewswire/ --
Today, Wall Street Reports announced new research reports highlighting Alcoa Inc. (NYSE: AA), Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX), Goldcorp Inc. (NYSE: GG), Hecla Mining Co. (NYSE: HL), and Century Aluminum Co. (NASDAQ: CENX). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Alcoa Inc. Research Report
On June 19, 2013, Alcoa Inc. (Alcoa) announced that it has partnered with the aerospace company, Boeing to form a closed-loop program meant to increase the recycling of internal aluminum aerospace alloys used during the production of Boeing airplanes. Alcoa reported that the closed loop recycling program will entail inter-modal transport of aluminum alloy scrap material, including advanced alloys, from Boeing facilities in Auburn and Wichita along with third-party processors in Auburn to Alcoa's Lafayette, Indiana facility for melting and recycling into new aerospace materials. "This program will maximize the value of aluminum scrap materials throughout the supply chain while also reducing waste," said Leslie Shuman, Director of Supply Chain for Alcoa's Aerospace, Transportation and Industrial Rolled Products. "It also allows us to work closely with Boeing to ensure the quality and integrity of the materials we bring into our system for recycling." The Full Research Report on Alcoa Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wsreports.com/r/full_research_report/fd8b_AA]
Freeport-McMoRan Copper & Gold Inc. Research Report
On June 12, 2013, Freeport-McMoRan Copper & Gold Inc. (FCX) provided an update on the status of PT Freeport Indonesia's (PT-FI) Grasberg operations in Papua, Indonesia. This update comes after the May 14, 2013 accident at an underground training facility. The Company reported that the accident occurred outside the area of mining operations, but PT‐FI temporarily suspended mining and processing activities at the Grasberg complex. The Company devoted full attention to the rescue and recovery effort, which was completed on May 21, 2013. The incident, which claimed 28 fatalities and 10 injuries, is being "thoroughly investigated" by PT‐FI, international experts, the Indonesian Department of Energy and Mineral Resources (DEMR) and other government authorities with PT‐FI's full cooperation. PT-FI has conducted safety inspections throughout its operations and is working with the DEMR to resume operations in a phased approach. The Full Research Report on Freeport-McMoRan Copper & Gold Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wsreports.com/r/full_research_report/204a_FCX]
Goldcorp Inc. Research Report
On June 14, 2013, Goldcorp Inc. (Goldcorp) announced that it will release its Q2 2013 financial results on July 25, 2013 before the markets open, followed by a conference call to discuss the results at 10 a.m. PT on the same day. Also, on June 10, 2013, the Company declared its sixth monthly dividend payment for 2013 of $0.05 per share, to shareholders of record at the close of business on June 20, 2013, and will be payable on June 28, 2013. Goldcorp reported that it has paid a monthly dividend to its shareholders since 2003. The Full Research Report on Goldcorp Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wsreports.com/r/full_research_report/a286_GG]
Hecla Mining Co. Research Report
On June 18, 2013, Hecla Mining Company (Hecla) announced that it has acquired (Canadian Dollar) C$500,000 of common shares of Typhoon Exploration Inc. (Typhoon), as a consequence of its acquisition of Aurizon Mines Ltd (Aurizon). This acquisition was pursuant to an option agreement entered into between Typhoon and Aurizon dated May 17, 2010, as amended. The TSX Venture Exchange has conditionally approved the transaction, in which Hecla through Aurizon has acquired 5.6 million common shares of Typhoon from treasury at a price of C$0.09 per share for total gross proceeds to Typhoon of C$500,000. Upon completion of the subscription, Hecla, through Aurizon, will exercise control over 8.7 million shares, representing 29.4% of the issued and outstanding common shares of Typhoon. The Company expects further in-ground expenditures of approximately C$800,000 by June 2014, which will bring Aurizon's total investment to C$10 million as required under the option agreement to earn a 50% interest in the Fayolle Property as well as the interests of Typhoon in the Aiguebelle-Goldfields Property. The Full Research Report on Hecla Mining Co. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wsreports.com/r/full_research_report/99b7_HL]
Century Aluminum Co. Research Report
On June 12, 2013, Century Aluminum of Kentucky, Century Aluminum Co.'s (Century) wholly-owned subsidiary, along with Kenergy Corp. and Big Rivers Electric Corp. announced that definitive agreements between the parties based on the tentative agreement reached in April 2013 have been filed with the Kentucky Public Service Commission (KPSC). Century reported that these agreements and the filing are a first step in finalizing the tentative agreement. The agreement is subject to approvals from various third parties, including the KPSC, the USDA Rural Utilities Service and other regulatory agencies. The current power contract is scheduled to expire on August 20, 2013, and therefore, the Company stated that the parties will continue to move as expeditiously as possible to finalize the agreement in advance of the expiration date. The Full Research Report on Century Aluminum Co. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wsreports.com/r/full_research_report/3891_CENX]
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SOURCE Wall Street Reports