Governance Changes and Collaboration Agreements Committed to Provide Economic, Safety, and Environmental Benefits - Research Report on Rio Tinto, Teck, CONSOL Energy, Cameco, and Stillwater Mining Editor Note: For more information about this release, please scroll to bottom.
NEW YORK, June 12, 2013 /PRNewswire/ --
Today, Wall Street Reports announced new research reports highlighting Rio Tinto plc (NYSE: RIO),Teck Resources Limited (NYSE: TCK), CONSOL Energy Inc. (NYSE: CNX), Cameco Corporation (NYSE: CCJ), and Stillwater Mining Company (NYSE: SWC). 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 May 23, 2013, Rio Tinto plc (Rio Tinto) announced the appointment of Paul Dean as CFO for Rio Tinto Diamonds. Mr. Dean is an experienced finance executive who has held a number of senior roles in publicly listed companies, most recently as the Group Finance Director of Ultra Electronics Holdings plc. He was also the Finance Director of Foseco plc. Mr. Dean will be based in London and will report to Bruce Cox, Managing Director of Rio Tinto Diamonds. In other news, the Company announced that Rio Tinto Diamonds has launched a new and innovative sales platform for a portion of its Canadian Diavik production, also on May 23, 2013. While the majority of Rio Tinto's diamond production continues to be sold through Supply Agreements with designated Select Diamantaires, Rio Tinto Diamonds has now developed a new proprietary auction mechanism for the distribution of the proportion of production sold outside the Supply Agreements. 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.wsreports.com/r/full_research_report/a590_RIO]
Teck Resources Limited Research Report
On June 7, 2013, Teck Resources Limited (Teck) announced the exchange of certain oil sands leases relating to the Company's Frontier oil sands project. Under the exchange, Teck transferred oil sands rights and other miscellaneous interests associated with Lease 14 to Shell Canada Energy (Shell) and Shell transferred to Teck the oil sands rights and other miscellaneous interests associated with Leases 309, 310, 351, 475, 476, 607, 608, 609, and the northeastern portion of Lease 352. The Company stated that the asset exchange significantly reduces the lease boundary interfaces between the Frontier project and Shell's Pierre River Mine project and is expected to benefit the economic recovery of oil sands for the parties' respective projects. In connection with the closing of the asset exchange, Teck and Shell have entered into a projects agreement with respect to their future activities on the Frontier and Pierre River projects, respectively. The Full Research Report on Teck Resources Limited - 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/291b_TCK]
CONSOL Energy Inc. Research Report
On June 7, 2013, CONSOL Energy Inc. (CONSOL Energy) and the Port of Pittsburgh Commission introduced the first wireless broadband network deployed on inland waterways in the US. Developed exclusively on Pittsburgh's three rivers over the past several months, this new neutral wireless broadband network known as the Wireless Waterways (WW) will connect proprietary, stove-piped, and stand-alone systems into one "system of systems" to improve safety, security, and efficiency of the inland waterways, as well as the vessels that navigate them. The M/V Safety Pledge is also testing the Wireless Waterways Broadband Network for Quality of Life initiatives to support a follow on application submitted earlier in June 2013 for a US Department of Transportation TIGER grant to extend the WW project nationwide. 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.wsreports.com/r/full_research_report/e561_CNX]
Cameco Corporation Research Report
On May 31, 2013, Cameco Corporation (Cameco), English River First Nation (ERFN), and AREVA Resources Canada Inc. (AREVA) announced a collaboration agreement that will strengthen the relationship between the Companies and formalize how benefits from uranium mining will be shared with the ERFN community. Based on Cameco's and AREVA's existing mining operations, the potential value of the agreement is estimated at $600 million in economic benefit for the communities over the first 10 years. The value could be significantly higher if planned projects such as the Millennium mine are developed. The agreement is structured around business development, workforce development, community investment, community engagement, and environmental stewardship. Although most of the economic benefit will flow through business contracts and employee wages, the Companies will also provide a signing bonus, milestone payments, and annual community investment payments based on mine production for ERFN community development initiatives. The Full Research Report on Cameco Corporation - 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/e212_CCJ]
Stillwater Mining Company Research Report
On June 7, 2013, Stillwater Mining Company (Stillwater Mining) announced the retirement of Frank McAllister, the Company's current CEO. McAllister joined Stillwater Mining in February 2001 as CEO and Chairman of the Board of Directors, and was responsible for listing the Company on the New York Stock Exchange. Mr. McAllister was also responsible for establishing and expanding Stillwater Mining's recycling business and under his leadership, the Company survived exceptionally difficult financial conditions created by low commodity prices in the periods 2002-2004 and again in 2008-2010. The company reported that Terrell I. Ackerman, Vice President of Corporate Development for Stillwater Mining, has agreed to serve as the interim CEO of the Company. The Full Research Report on Stillwater Mining Company - 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/8e9c_SWC]
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SOURCE Wall Street Reports