Commencement of Operations, Expansions, Credit Facility Amendments, Partnerships and Results Schedules- Research Report on Molycorp, Rio Tinto, Alpha Natural, BHP Billiton, and Teck Resources
NEW YORK, October 7, 2013 /PRNewswire/ --
Editor Note: For more information about this release, please scroll to bottom.
Today, Analysts' Corner announced new research reports highlighting Molycorp, Inc. (NYSE: MCP), Rio Tinto plc (NYSE: RIO), Alpha Natural Resources, Inc. (NYSE: ANR), BHP Billiton plc (NYSE: BBL), and Teck Resources Limited (NYSE: TCK). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Molycorp, Inc. Research Report
On October 2, 2013, Molycorp, Inc. (Molycorp) announced that the chloralkali plant at Mountain Pass, California is now mechanically complete, and that full-scale commissioning operations have begun. The chloralkali plant will recycle wastewater and produce hydrochloric acid and caustic soda used as part of the rare earth separations process. The Company expects the chloralkali plant to help the facility achieve its cash production cost targets, which Molycorp believes will make the Company competitive with the lowest cost producers globally. In addition, Molycorp also announced that the final unit of its multi-stage cracking plant at Mountain Pass is now mechanically complete and is being commissioned. Constantine Karayannopoulos, President and CEO of Molycorp said, "These are the last major construction activities of Project Phoenix, the re-build of Mountain Pass, and we expect these units to be commissioned and enter into production in the fourth quarter of 2013." The Full Research Report on Molycorp, 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/fad9_MCP]
Rio Tinto plc Research Report
On October 2, 2013, Rio Tinto plc (Rio Tinto) announced that it has completed the first phase of the major expansion of its integrated iron ore operations in the Pilbara. The Company celebrated this milestone with a ceremony at Cape Lambert. The Premier of Western Australia, Hon. Colin Barnett MLA, officially opened Cape Lambert wharf B (CLB), which the Company stated will help bring the overall capacity of Rio Tinto's Pilbara iron ore operations to 290 million tonnes per year (Mt/a), the largest iron ore operation in Australia and the second largest in the world. Rio Tinto informed that the CLB system delivered the first shipment in late August 2013, and that the safe and efficient ramp-up schedule is on track to reach a full run-rate by the end of H1 2014. 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]
Alpha Natural Resources, Inc. Research Report
On October 2, 2013, Alpha Natural Resources, Inc. (Alpha) announced that it has amended its secured credit facility. The Company informed that the amendment eliminates the interest coverage ratio through the end of 2014 and relaxes the interest coverage ratio from 2.00 times to 1.25 times during 2015, and from 2.00 to 1.50 times during the first two quarters of 2016. "Alpha continues to proactively improve its financial flexibility in light of the current evolving market environment," said Alpha's CFO Frank Wood. "Today's amendment demonstrates the strength of our relationships with our bank group based on Alpha's long-standing track record of prudent financial management. We believe Alpha's ongoing commitment to 'Running Right,' operational excellence, cost control and responsible financial stewardship will position the company for long-term success." 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]
BHP Billiton plc Research Report
On October 1, 2013, BHP Billiton plc (BHP Billion) announced that the Company's Chair of Australian Studies at Peking University in Beijing, Professor David Walker, visited Melbourne as part of the AUD5 million partnership aimed at raising the profile and understanding of Australia in China. The Company informed that it contributes AUD1.1 million per year, over five years, to the Foundation for Australian Studies in China to support Professor Walker's position, as well as to fund scholarships for Australians to study in China. "The creation of the BHP Billiton Chair of Australian Studies at Peking University is a very important educational initiative," said Walker. "The scholarship program will bring the best and brightest of our two societies together. This is a very practical way of strengthening ties between our two societies." The Full Research Report on BHP Billiton 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/0635_BBL]
Teck Resources Limited Research Report
On September 30, 2013, Teck Resources Limited (Teck) announced that it will release its Q3 2013 earnings results on October 24, 2013, before the market opens. On the same day, Teck will host an investor conference call at 11:00 a.m. ET / 8:00 a.m. PT to discuss the results. The Company informed that a live audio webcast of the conference call, together with supporting presentation slides, will be available on Teck's website, and that the call will be archived and available at the same location until January 23, 2014. 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.analystscorner.com/r/full_research_report/2f17_TCK]
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