Dividend Proposals, Upcoming Financial Results Schedule, Settlement Agreements, Divestitures, and Coverage Initiation - Research Report on Vale, Cliffs, Peabody, BHP Billiton, and L&L Editor Note: For more information about this release, please scroll to bottom. PR Newswire NEW YORK, October 16, 2013 NEW YORK, October 16, 2013 /PRNewswire/ -- Today, Analysts' Corner announced new research reports highlighting Vale SA (NYSE: VALE), Cliffs Natural Resources Inc. (NYSE: CLF), Peabody Energy Corporation (NYSE: BTU), BHP Billiton Limited (NYSE: BHP), and L&L Energy, Inc. (NASDAQ: LLEN). 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 October 2, 2013, Vale SA (Vale) announced that its Executive Board has approved and will submit to the Board of Directors the proposal for payment of the second installment of the minimum dividend of $1.75 billion and an additional dividend of $500 million. The Company informed that the proposal entails a distribution of $2.25 billion, equivalent to c.$0.44 per common or preferred share in circulation as of August 31, 2013. Vale also informed that the proposal will be submitted for approval to the Board of Directors in the meeting scheduled for October 17, 2013. Upon approval, the payment of $2.3 billion will be made as of October 31, 2013 and all investors who hold Vale shares at the record dates will have the right to the dividend payment. The Full Research Report on Vale SA - 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/6779_VALE] -- Cliffs Natural Resources Inc. Research Report On October 3, 2013, Cliffs Natural Resources Inc. (Cliffs) announced that it will release its unaudited Q3 2013 financial results on October 24, 2013, after the US market closes. The Company informed that it will conduct a conference call on the following day, October 25, 2013 at 10:00 a.m. ET, to discuss the results. The conference will be hosted by Cliffs Executive Vice President & CFO, Terrance Paradie, Executive Vice President, Chief Administrative Officer and Cliffs - China President, Kelly Tompkins, and Director of Investor Relations, Jessica Moran. 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: [http://www.analystscorner.com/r/full_research_report/0534_CLF] -- Peabody Energy Corporation Research Report On October 10, 2013, Peabody Energy Corporation (Peabody) announced that it has reached an agreement with Patriot Charcoal (Patriot) and the United Mine Workers of America (UMWA) to resolve all issues involving Patriot's bankruptcy. "Peabody has continued to fund healthcare benefits for retirees during Patriot's bankruptcy proceedings," said Alexander C. Schoch, Executive Vice President Law, Chief Legal Officer, and Secretary of Peabody. "We are pleased to resolve the uncertainty among Patriot retirees by providing substantial funding for the newly established Voluntary Employee Beneficiary Association (VEBA). Future healthcare benefits for Patriot retirees will now be determined by managers of the new VEBA." Under the settlement agreement, Peabody would provide $310 million, payable over four years through 2017, to fund the VEBA and settle all Patriot and UMWA claims involving the Patriot bankruptcy. Further, Peabody's existing contractual commitment to fund healthcare benefits for a certain group of Patriot retirees would terminate on December 31, 2013, after which, all healthcare benefits would be funded by the VEBA. 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] -- BHP Billiton Limited Research Report On October 11, 2013, BHP Billiton Limited (BHP Billiton) announced that it has completed the sale of its Pinto Valley mining operation as well as the associated San Manuel Arizona Railroad Company (SMARRCO) to Capstone Mining Corp. (Capstone). The Company informed that the sale price was $650 million, subject to customary working capital adjustments. 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] -- L&L Energy, Inc. Research Report On October 10, 2013, L&L Energy, Inc. (L&L) reported that the independent research firm SeeThruEquity, LLC (SeeThruEquity) has initiated coverage on L&L. Commenting on the new coverage, Ajay Tandon, Director of Research at SeeThruEquity, said, "We initiate coverage on L&L Energy, Inc. ("L&L") with a price target of $5.43 per share." He added, "We view L&L as a speculative play in the Chinese coal market, with the potential to generate attractive top and bottom line growth through organic and acquisition opportunities." The Full Research Report on L&L Energy, 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/6fc3_LLEN] ---- 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 pubco@EquityNewsNetwork.com. 5.For any urgent concerns or inquiries, please contact us at compliance@EquityNewsNetwork.com. 6.Are you a public company? Would you like to see similar coverage on your company? Send us a full investors' package to research@EquityNewsNetwork.com 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. AnalystsCorner.com SOURCE Analysts' Corner Contact: Joe Thomas, CONTACT PHONE: +1-310-496-8071 (North America)
Dividend Proposals, Upcoming Financial Results Schedule, Settlement Agreements, Divestitures, and Coverage Initiation - Research
Press spacebar to pause and continue. Press esc to stop.