Peabody Tanking Coal (BTU, KOL)
For the first quarter of 2009, Peabody Energy Corp. (NYSE:BTU) has reported EPS of $0.63 on revenue of $1.46 billion from 59.6 million tons of coal sold. Analysts estimates averaged an EPS of $0.93…
Commodities & Metals
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Newest first · Page 119Fertilizer Mergers in the Backstretch (CF, AGU, TRA)
The proposed acquisition of CF Industries Holdings, Inc. (NYSE:CF) by Canadian firm Agrium Inc. (NYSE:AGU) is heading for the shareholders’ meeting on April 21st. CF Holdings has received an opinion from RiskMetrics Group, a…
Alcoa Could Have Been Worse (AA)
Alcoa (NYSE: AA) has come out with earnings and losses which are as dismal as a vacation in hell without any water and without any flame retardant. But the good news is that this…
Alcoa, Not A Real Earnings Season Proxy (AA)
Alcoa Inc. (NYSE: AA) is leading off the deluge of earnings report for the Q1-2009 earnings season today. Historically, many traders have thought that Alcoa could be used as a measuring stick for other…
Proxy Battle Begins in Fertilizer Deal (AGU, CF, TRA)
Canadian fertilizer giant Agrium Inc. (NYSE:AGU) today filed its definitive proxy materials with the SEC in its effort to acquire CF Industries Holdings, Inc. (NYSE:CF) Agrium is asking CF shareholders to withhold votes from…
Royal Gold Buys into Another Mine (RGLD, TCK)
Royal Gold, Inc. (NASDAQ:RGLD) has agreed to purchase an interest in a Chilean gold mine owned by Teck Cominco Ltd. (NYSE:TCK) for $100 million in cash and about 4.5 million shares of Royal Gold…
Gold Production Expected to Fall (AU, GLD, GDX)
AngloGold Ashanti Ltd. (NYSE:AU) has indicated that first quarter 2009 production will reach just 1.1 million ounces of gold, 2.5% lower than previous guidance. The company has maintained its previous guidance for production for…
Newmont Divesting Indonesian Mining Interest (NEM, FCX, CVX)
A ruling by an international arbitration court will lead to the divestiture by Newmont Mining Corp. (NYSE:NEM) of a portion of the company’s stake in an Indonesian mining firm. Newmont has 180 days to…
Diamonds May Not Be Forever (RTP, KGC, TIF, BRK-A)
Rio Tinto plc (NYSE: RTP) owns a majority stake in a diamond mine in Canada’s Northwest Territories, and apparently has no intention of selling that stake to Kinross Gold Corp. (NYSE:KGC), as rumors had…
CF Says ‘No’ Again (AGU, CF)
Agrium Inc. (NYSE:AGU) sweetened its cash offer for CF Industries Holdings, Inc. (NYSE:CF) by more than 10% last week. CF Industries has rejected the latest offer, repeating what has become CF’s mantra: “Agrium’s offer…
Fertilizer Merger Getting Richer (AGU, CF, TRA)
We’ve been watching the fertilizer industry’s merger triangle of Agrium Inc. (NYSE: AGU), CF Industries Holdings, Inc. (NYSE: CF), and Terra Industries, Inc. (NYSE: TRA) for a while now. In the latest development, Agrium…
EPA Stutters on Mountaintop Removal Mining (MEE)
The US Environmental Protection Agency has sent a letter to two offices of the Army Corps of Engineers related to “potential harmful impacts on water quality” at two surface coal mine operations, one in…
Gold’s Value Without Fear & Inflation (GLD, GDX, ABX, GFI, GG, NEM)
The recent move in gold may be saying something about how to value the commodity in an environment of low inflation and in an environment where fear brings less of a premium. The London…
Coal Prices Falling; Will Iron Ore Follow? (BHP, KOL)
The FT reports that contracts between some large coal producers and steel and power companies show coal prices falling by as much as 60% Australia’s BHP Billiton Ltd. (NYSE:BHP) and Japan’s Mitsubishi Corporation have…
Fertilizer Makers Won’t Dance (CF, AGU, TRA)
For the second time in as many weeks, CF Industries Holdings, Inc. (NYSE:CF) has rejected an offer from Agrium Inc. (NYSE:AGU), saying that “Agrium’s offer is grossly inadequate, substantially undervalues CF Industries and is…