Rio Tinto plc (ADR) (NYSE:RIO) said it has increased production for iron ore and other metals, achieved record shipment numbers and slashed its annual costs. The major Anglo-Australian miner said it produced 70.4 million tonnes of iron ore in its fourth quarter ending December 31, 2013, a 6% increase on the same quarter the previous year, while full-year 2013 iron ore production increased 5% from the previous year to 266.0 million tonnes. Rio Tinto plc (ADR) (NYSE:RIO) stock opened at $52.57 in last session, and closed at $52.99, while the day range of stock is $52.57 – $53.22. The stock showed a positive weekly performance of 1.07%.
Mining giant BHP Billiton Limited (ADR) (NYSE:BHP) said that it has appointed Tony Cudmore as President, Corporate Affairs. Tony will join the Group Management Committee or GMC and commence in his role on 3 March 2014. He will report to the Chief Executive Officer Andrew Mackenzie and will be based at the Company’s headquarters in Melbourne, Australia. BHP Billiton Limited (ADR) (NYSE:BHP) stock opened at $64.39, in last session and closed at $64.95, by losing 0.00%. The 52 week range of the stock is $55.66 – $80.54. Company’s market capitalization is $104.29 billion.
Petroleo Brasileiro S.A (ADR) (NYSE:PBR) announced Wednesday that its proven reserves in Brazil’s pre-salt area in 2013 grew by 43 percent when compared to 2012. Since 2007, the company has been incorporating growing volumes to its proven reserves from the pre-salt layer, which stretches from southern Espirito Santo state to Santa Catarina state. Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR) stock advanced 2.33% and finished the last session at $12.71. The EPS of the stock remained 2.05. Company’s market capitalization is $82.90 billion.
The Hurley School District received grant funding from Exxon Mobil Corporation (NYSE:XOM), Tuesday. According to Ray Kallas, of Ray’s Mobil in Hurley, each Mobil station across the country is given an application from Exxon’s Education Alliance to nominate its local school for the grant funding. Exxon Mobil Corporation (NYSE:XOM) stock opened the session at $99.16, and closed the session at $98.78. The 52 week range of the stock remained $84.79 – $101.74 and the day range was $98.63 – $99.35.