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Suspension of Operations, Executive Appointments, Approved Investments, Operational Updates, and Dividends - Research Report on Rio Tinto, US Steel, BHP Billiton, Peabody Energy, and Teck Resources

Editor Note: For more information about this release, please scroll to bottom.


News provided by

Analysts' Corner

Dec 04, 2013, 08:00 ET

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NEW YORK, December 4, 2013 /PRNewswire/ --

Today, Analysts' Corner announced new research reports highlighting Rio Tinto plc (NYSE: RIO), United States Steel Corporation (NYSE: X), BHP Billiton Limited (NYSE: BHP), Peabody Energy Corporation (NYSE: BTU), 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.

Rio Tinto plc Research Report

On November 29, 2013, Rio Tinto plc (Rio Tinto) announced that the Company will move to suspend alumina production at Gove refinery and will focus on its bauxite operations after determining the refinery is no longer a viable business in the current market environment. Further, the Company informed that it will now work on the scope and phased timing of suspension and prepare for all potential outcomes over coming months. "There is no doubt it is a challenging path ahead. We are working in partnership with the Northern Territory and Australian Governments, the broader community and Traditional Owners to identify initiatives to create new opportunities for the people of Nhulunbuy. We have a firm belief in the potential of the bauxite operation, a quality asset with a long-term future," said Sam Walsh, Rio Tinto Chief Executive. The Company expects the process of suspending production to begin in Q1 2014 and be phased during the year. 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

--

United States Steel Corporation Research Report

On November 27, 2013, United States Steel Corporation (US Steel) announced that its Board of Directors has elected David S. Sutherland to the position of independent, non-executive chairman, effective January 1, 2014. The Company had previously announced that executive chairman John P. Surma will retire on December 31, 2013. The Company informed that Sutherland joined the U. S. Steel board in 2008 and serves on the Compensation and Organization Committee and the Corporate Governance and Public Policy Committee.  Sutherland is also a director of GATX Corporation and Imperial Oil, Ltd. The Full Research Report on United States Steel Corporation - 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/8026_X

--

BHP Billiton Limited Research Report

On November 25, 2013, BHP Billiton Limited (BHP Billiton) announced that it has approved $301 million in execution capital (BHP Billiton share) to replace two shiploaders at its Nelson Point port operations in Port Hedland. BHP Billiton Iron Ore President, Jimmy Wilson, said, "This is an important investment that is consistent with our commitment to maximise the capacity of the Western Australia Iron Ore inner harbour and deliver substantial value to shareholders and other stakeholders." BHP Billiton expects the commissioning of the two replacement shiploaders to begin in H2 2014. 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:

http://www.analystscorner.com/r/full_research_report/b7d2_BHP

--

Peabody Energy Corporation Research Report

On November 27, 2013, Peabody Energy Corporation (Peabody Energy) reported that its eight million pound dragline has successfully completed a historic journey from the Company's Lee Ranch Mine northwest of Grants, New Mexico, more than 20 miles to its new home at the El Segundo Mine. Peabody Energy stated that the 1570-W dragline, which is one of the world's most massive machines, crossed the high desert, carried by a specialized 600-wheel vehicle. Brad Brown, Senior Vice President of Southwest Operations at Peabody Energy said, "These machines are the size of a ship on dry land. They can walk but typically very slowly with the help of electric generators. This time, Peabody used a different, more efficient method involving a carrier. We owe a huge amount of thanks to all team members who made this engineering accomplishment possible." The Full Research Report on Peabody Energy Corporation - 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/ea12_BTU

--

Teck Resources Limited Research Report

On November 19, 2013, Teck Resources Limited (Teck) announced an eligible dividend of $0.45 per share on the Company's outstanding Class A common shares and Class B subordinate voting shares. According to Teck, the dividend will be payable on January 2, 2014, to shareholders of record at the close of business on December 16, 2013. 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

----

EDITOR NOTES:

  1. This is not company news. We are an independent source and our views do not reflect the companies mentioned.
  2. Information in this release is fact checked and produced on a best efforts basis and reviewed by Ananya Ghosh, a CFA charterholder. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below.
  3. This information is submitted as a net-positive to companies mentioned, to increase awareness for mentioned companies to our subscriber base and the investing public.
  4. If you wish to have your company covered in more detail by our team, or wish to learn more about our services, please contact us at [email protected].
  5. For any urgent concerns or inquiries, please contact us at [email protected].
  6. Are you a public company? Would you like to see similar coverage on your company? Send us a full investors' package to [email protected] for consideration.

COMPLIANCE PROCEDURE

Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Equity News Network. An outsourced research services provider represented by Ananya Ghosh, CFA, has only reviewed the information provided by Equity News Network in this article or report according to the Procedures outlined by Equity News Network. Equity News Network is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.

NOT FINANCIAL ADVICE

Equity News Network makes no warranty, expressed or implied, as to the accuracy or completeness or fitness for a purpose (investment or otherwise), of the information provided in this document. This information is not to be construed as personal financial advice. Readers are encouraged to consult their personal financial advisor before making any decisions to buy, sell or hold any securities mentioned herein.

NO WARRANTY OR LIABILITY ASSUMED

Equity News Network is not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted by Equity News Network whatsoever for any direct, indirect or consequential loss arising from the use of this document. Equity News Network expressly disclaims any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Equity News Network does not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

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