Financial Results, Resumed Operations, Appointments, Launches and Corporate Grants - Research Report on Rio Tinto, Peabody, Alpha, CONSOL Energy, and Arch Coal Editor Note: For more information about this release, please scroll to bottom.
NEW YORK, August 27, 2013 /PRNewswire/ --
Today, Analysts' Corner announced new research reports highlighting Rio Tinto plc (NYSE: RIO), Peabody Energy Corp. (NYSE: BTU), Alpha Natural Resources, Inc. (NYSE: ANR), CONSOL Energy Inc. (NYSE: CNX), and Arch Coal Inc. (NYSE: ACI). 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 August 8, 2013, Rio Tinto plc (Rio Tinto) reported its H1 2013 financial results. The Company posted underlying earnings of $4.2 billion, which indicated a decrease of 17.9%YoY, driven by decreased average market prices and an increased effective tax rate, which was partially offset by record iron ore shipments and cost savings momentum. Net earnings in H1 2013 were down by 70.8% YoY at $1.7 billion, including non-cash exchange losses of $1.9 billion and a $0.3 billion write-off of waste stripping costs and damaged equipment at Kennecott Utah Copper after the pit wall slide at Bingham Canyon in April 2013. Additionally, Rio Tinto's interim dividend increased 15.2%YoY to 83.50 cents per share in H1 2013. Jan du Plessis, Chairman of Rio Tinto, commented, "Our strategy to invest in and operate large, long-life, low-cost, expandable operations remains unchanged. Our interim dividend increased by 15 per cent, in line with our policy and reflecting the increase in our 2012 full year dividend." 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]
Peabody Energy Corp. Research Report
On August 21, 2013, Peabody Energy Corp. (Peabody) announced the appointment of Glenn Kellow, a veteran mining executive, as the new President and Chief Operating Officer of the Company. According to Peabody, , Glenn Kellow in his new role will have executive responsibility for all aspects of the Company's global operations including safety, production, sales/marketing, environmental, productivity improvement, engineering and planning. He will work under Chairman and CEO Gregory H. Boyce and will also act as a member of Peabody's executive leadership team. Boyce commented, "Glenn's international experience and track record of performance within the mining, energy and steel sectors will further differentiate Peabody within the global coal industry. He brings a record of significant accomplishment around the world and will be a tremendous addition to what is already the best team in the coal industry." The Full Research Report on Peabody Energy Corp. - 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]
Alpha Natural Resources, Inc. Research Report
On August 15, 2013, Alpha Natural Resources, Inc. (Alpha) reported that its subsidiary, Cumberland Coal Resources LP, has resumed its mining operations and coal shipments, after mitigating damaging geological conditions in the headgate area of its Cumberland underground longwall mine in Greene County, Pa, brought the Company's operations to a halt on July 15, 2013. The Company stated that mine personnel are gradually ramping up operations while monitoring the geological status of the headgate area along with safety and operations conditions of all mines. Alpha's President Paul Vining commented, "Safety will always take top priority for Alpha, and it was absolutely critical that we mitigate the adverse conditions before resuming mining operations. We maintained a reduced workforce of employees who did an outstanding job of focusing on safety first to return the Cumberland Mine to operation." The Full Research Report on Alpha Natural Resources, Inc. - 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/131e_ANR]
CONSOL Energy Inc. Research Report
On August 15, 2013, CONSOL Energy Inc.'s (CONSOL Energy) Bailey mine in Greene County, PA welcomed Pennsylvania Coal Alliance's CEO John Pippy and several senior company executives at the formal launch of the Company's new Underground Training Academy. CONSOL Energy President Nicholas J. DeIuliis commented, "Preparing the workforce of tomorrow to do our work safely will allow CONSOL Energy to continue to push the envelope and drive improvement into our next 150 years. This facility is unique to our industry and demonstrates, clearly, our commitment to our top core value of safety. Over the last five years, we have seen steady progress through our safety initiatives - and this academy will help continue that trend." The Full Research Report on CONSOL Energy Inc. - 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/e76b_CNX]
Arch Coal Inc. Research Report
On August 21, 2013, Arch Coal Inc.(Arch Coal) announced that The Arch Coal Foundation (TACF) will provide a grant of $10,000 to Delta County teachers this school year, in an effort to support innovative teaching ideas.
Jim Miller, General Manager of Mountain Coal Company's West Elk mine, noted that the recent sponsorship marks the seventh year for the grants. Miller commented, "Our unique program allows the professionalism and imagination of our Delta County teachers to enhance student learning. I'm always impressed with the quality of ideas from teachers in their grant applications. Since the Arch Coal Foundation began this program, students in many Delta County classrooms have benefitted from its successful teacher-generated ideas." He added, "Mountain Coal Company and the Arch Coal Foundation are pleased that we can continue offering these grants. We proudly support education and teaching excellence in the communities we call home."
The Full Research Report on Arch Coal Inc. - 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/b5cd_ACI]
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