NEW YORK, December 5, 2013 /PRNewswire/ --
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Today, Analysts' Corner announced new research reports highlighting Vale SA (NYSE: VALE), CONSOL Energy Inc. (NYSE: CNX), Arch Coal, Inc. (NYSE: ACI), Harsco Corporation (NYSE: HSC), and Pretium Resources Inc. (NYSE: PVG). 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 December 2, 2013, Vale SA (Vale) announced that its Board of Directors has approved the investment budget for 2014, with capital expenditures of $9.3 billion for project execution, $4.5 billion for sustaining existing operations, and $900 million for research and development (R&D) activities. Vale stated that the capital and R&D expenditures of the Company in 2014 will show a decline for the third year in a row, after peaking at $18.0 billion in 2011. Vale said that the decline reflects its greater focus on capital efficiency, which entails (among other things) pursuing shareholder value maximization through a smaller portfolio comprised of projects with a high risk-adjusted expected rate of return. According to the Company, this is evidenced by the fact that more than 80% of the 2014 budget for project execution is dedicated to the financing of the expansion of the iron ore production and distribution network, the development of the integrated mine-plant-railway-port coal operations in Mozambique, and the Salobo copper and gold project. The Full Research Report on Vale SA - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
CONSOL Energy Inc. Research Report
On December 2, 2013, CONSOL Energy Inc. (CONSOL Energy) announced that the waiting period under the Hart-Scott-Rodino Antitrust Improvement Act of 1976, as amended, has expired in connection with the previously announced sale of the Company's Consolidation Coal Company subsidiary, which contains all five of its longwall coal mines in West Virginia, to a subsidiary of Murray Energy Corporation for a value of $3.5 billion. The Company said that the sale agreement was signed by CONSOL Energy on October 28, 2013, and the closing of the transaction is expected in the next few weeks, subject to the satisfaction of various other customary closing conditions. Full Research Report on CONSOL Energy Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
Arch Coal, Inc. Research Report
On December 2, 2013, Arch Coal, Inc. (Arch Coal) announced the launch of a series of financing transactions, including amendments to its senior secured facility, a $300 million senior secured Term Loan B facility, and a cash tender offer for any and all of the Company's outstanding $600 million aggregate principal amount of 8.750% Senior Notes due 2016 (Notes). Arch Coal stated that the holders of Notes must validly tender and not validly withdraw their Notes and provide their consents to the proposed amendments to the indenture on or before December 13, 2013, 5:00 p.m. New York City time, unless extended, in order to be eligible to receive the Total Consideration. 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:
Harsco Corporation Research Report
On November 26, 2013, Harsco Corporation (Harsco) and Clayton, Dubilier & Rice (CD&R) reported the closing of their previously announced transaction to sell Harsco's Infrastructure division into a joint venture between the companies. The transaction combines the Infrastructure division with Brand Energy & Infrastructure Services, Inc. (Brand), which funds managed by CD&R simultaneously acquired from First Reserve. Further, the companies informed that the combined entity will operate under the name Brand Energy & Infrastructure Services and will be a leading, single-source provider of multi-craft industrial services, forming & shoring and total access solutions to the global energy and infrastructure sectors. Harsco expects to receive approximately $300 million from the transaction and around 29% equity interest in the joint venture. The Full Research Report on Harsco Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
Pretium Resources Inc. Research Report
On December 2, 2013, Pretium Resources Inc. (Pretium) reported the remaining assay results from underground exploration drilling in the Valley of the Kings. The Company stated that the results include eight intersections grading greater than 1,000 grams per tonne gold uncut from 6,164 meters of drilling in 46 holes. Pretium also reported that a total of 38,830 meters of underground drilling was completed in the Valley of the Kings in 2013, comprising 16,789 meters of Program drilling and 22,041 meters of exploration drilling. Further, the Company informed that results from both the 38,830 meters of underground drilling and from milling will be incorporated into the updated Mineral Resource estimate for the Valley of the Kings, expected later in December 2013. The Full Research Report on Pretium Resources Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
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