NEW YORK, November 18, 2013 /PRNewswire/ --
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Today, Analysts' Corner announced new research reports highlighting Vale SA (NYSE: VALE), Cliffs Natural Resources Inc. (NYSE: CLF), Rio Tinto plc (NYSE: RIO), BHP Billiton Limited (NYSE: BHP), and USEC Inc. (NYSE: USU). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Vale SA Research Report
On November 13, 2013, Vale SA (Vale) reported that the accumulated volume of sales of iron ore products from the Northern System reached 1.2 billion metric tons in October 2013. The Company informed that in accordance with the Private Instrument of Deed of the 6th Issue of Vale's Shareholder Debentures, beginning 2014 there will be semi-annual payments on March 31 and September 30 of each year of the premium iron ore products. The Full Research Report on Vale SA - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
Cliffs Natural Resources Inc. Research Report
On November 12, 2013, Cliffs Natural Resources' (Cliffs) announced that on November 11, 2013 its Board of Directors declared a quarterly cash dividend of $0.15 per share on the Company's common shares. Cliffs stated that the dividend is payable on December 2, 2013 to shareholders of record as of the close of business on November 22, 2013. Cliffs also announced that its Board of Directors has declared a quarterly cash dividend on the Company's 7.00% Series A Mandatory Convertible Preferred Stock, Class A, of $17.50 per share, equivalent to c.$0.44 per depositary share. Cliff stated that the said dividend is payable on February 3, 2014 to shareholders of record as of the close of business on January 15, 2014. The Full Research Report on Cliffs Natural Resources Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
Rio Tinto plc Research Report
On November 1, 2013, Rio Tinto plc (Rio Tinto) announced that the Company, along with Chinalco, will explore technology partnership to bring forward the next era of mining technology aimed at delivering significant value and re-shaping industry best practice. Under the Memorandum of Understanding (MoU) signed in Beijing by Rio Tinto Chief Executive Sam Walsh and Chinalco President Sun Zhaoxue, the Companies aim to draw on their respective strengths to expedite the development of new mining technology and further develop Rio Tinto's Mine of the FutureTM programme. Mr. Walsh commented, "The future leaders in our industry will be those companies that stay ahead of the game and keep applying fresh thought and practices to the business of mining. Together with Chinalco, we have the potential to deliver even more value for shareholders, by fully realising our pipeline of technology and innovation projects and taking next generation technologies through to full commercialisation and deployment". Chinalco Chairman Xiong Weiping added, "The technical cooperation is of great significance for improving efficiency, reducing resource and energy consumption, developing green and safe mines, achieving sustainable development of resources and introducing innovation into economic growth. I hope this commercial cooperation approach of sincerity and mutual benefit can be widely applied into new-type partnerships among major international companies." 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:
BHP Billiton Limited Research Report
On November 14, 2013, BHP Billiton Limited (BHP Billiton) announced that in relation to the devastation caused by Typhoon Haiyan in the Philippines, the Company has donated $500,000 to the Red Cross Typhoon Haiyan Appeal from its BHP Billiton Sustainable Communities Charity. Mike Henry, President of HSEC, Marketing, and Technology at BHP Billiton said, "The typhoon and its aftermath have had a severe impact on communities in the Philippines and given our history and relationship with the people of the Philippines, we hope this donation will assist the Red Cross in helping the local people in their recovery from this terrible event." In addition, the Company stated that it will donate $2 for every $1 donated by an employee through the Company's Matched Giving program. The Full Research Report on BHP Billiton Limited - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
USEC Inc. Research Report
On November 4, 2013, USEC Inc. (USEC) reported its Q3 2013 financial results, with revenue down 46.0% YoY to $303.8 million. According to the Company, the decline was attributed to the 47% decline in volume of SWU sales, which makes up a significant portion of the total revenue. SWU revenue stood at $295.8 million for the quarter versus $559.5 million in Q3 2012. Net loss was $44.3 million, or $9.04 per basic and diluted share, compared with net income of $4.5 million, or $0.92 per basic and diluted share, in Q3 2012. John K. Welch, President and CEO of USEC said, "Although we reported a net loss and a negative gross profit margin, this was largely due to the significant amount of non-production expenses related to the transition of the Paducah GDP. Without those substantial expenses, we would have reported a gross profit for the quarter and year to date." The Full Research Report on USEC Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
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