NEW YORK, December 12, 2013 /PRNewswire/ --
Today, Analysts' Corner announced new research reports highlighting Alpha Natural Resources, Inc. (NYSE: ANR), Cliffs Natural Resources Inc. (NYSE: CLF), Cameco Corporation (NYSE: CCJ), BHP Billiton Plc (NYSE: BBL), and Stillwater Mining Co. (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.
Alpha Natural Resources, Inc. Research Report
On December 9, 2013, Alpha Natural Resources, Inc. (Alpha Natural Resources) announced that it has entered into an agreement with Rice Energy to sell 50% of its stake in Alpha Shale Resources Joint Venture against a total consideration of $300 million, which includes $200 million in common stock in Rice Energy's planned initial public offering and $100 million in cash. Kevin Crutchfield, Alpha Natural Resources' Chairman and CEO, commented, "We are very pleased with the value that has been created by this joint venture in such a short period of time. We believe this achievement is a testament to both the quality of our Marcellus acreage and the operational excellence of the Rice Energy team. Alpha has committed approximately 7,500 acres and about $30 million in cash to Alpha Shale and we believe that this transaction provides Alpha with an excellent return on our investment while also allowing us to retain significant upside. Upon completion of the Rice Energy IPO, we will add a significant amount of cash to our balance sheet while also maintaining a meaningful ownership position in the growth opportunities presented by the combined Rice Energy platform." 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:
Cliffs Natural Resources Inc. Research Report
On December 5, 2013, Cliffs Natural Resources Inc. (Cliffs) announced the appointment of P. Kelly Tompkins as Executive Vice President of External Affairs and President of Global Commercial. According to the Company, Mr. Tompkins, in his new role will assume the expanded responsibility for leading Cliffs' commercial group, which includes global sales, marketing and logistics functions, besides maintaining executive oversight responsibility for Cliffs' strategy and business development activities as well as its legal, government, environmental, sustainability, and risk activities worldwide. Gary Halverson, Cliffs' President and Chief Operating Officer, said, "Kelly brings a wealth of diverse knowledge and expertise from the global mining, chemicals and capital goods industries that is crucial for continuing to build our commercial and business relationships. In addition, he has well established relationships with various external constituents including, governments, the investment community, and global customers that are meaningful to our business." 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:
Cameco Corporation Research Report
On December 5, 2013, Cameco Corporation (Cameco) announced that its Board of Directors has approved a quarterly cash dividend of $0.10 per common share. Cameco reported that the aforesaid cash dividend will be paid on January 15, 2014 to shareholders of record on December 31, 2013. The Full Research Report on Cameco Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
BHP Billiton plc Research Report
On November 25, 2013, BHP Billiton plc (BHP Billiton) announced that it has approved an investment of $301 million in execution capital (BHP Billiton share) to replace two shiploaders at its Nelson Point port operations in Port Hedland. According to BHP Billiton, the two new shiploaders will increase the reliability of its inner harbor port facilities, with each shiploader having a loading capacity of 12,500 tons per hour. BHP Billiton stated that the commissioning of the two replacement shiploaders is scheduled for H2 2014. Jimmy Wilson, BHP Billiton Iron Ore President, stated, "This is an important investment that is consistent with our commitment to maximize the capacity of the Western Australia Iron Ore inner harbor and deliver substantial value to shareholders and other stakeholders." 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:
Stillwater Mining Co. Research Report
On December 3, 2013, Stillwater Mining Co. (Stillwater Mining) announced the appointment of Michael (Mick) McMullen as CEO, effective immediately. Stillwater Mining reported that McMullen will continue to serve on the Board of Directors of the Company in addition to assuming responsibilities related to his new role. Brian Schweitzer, Chairman of the Board of Stillwater Mining, said, "Mick McMullen has extensive experience in the metals and mining industry at the CEO and Board level. He has a proven track record of building and leading successful teams, employing strict capital discipline, and delivering outstanding returns to investors. His time as Chairman of our Technical and Ore Reserves Committee has provided him with valuable insight into the business and the opportunities available. The Board of Directors has great confidence in Mick to pursue the change agenda expected by our shareholders, building on the existing strengths of Stillwater Mining Company, while maximizing returns on capital for our investors." The Full Research Report on Stillwater Mining Co. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
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