Mining giant Rio Tinto plc (ADR) (NYSE:RIO) has loaded 200 million tonne of iron ore with its fleet of 53 driverless trucks. Rio, the world’s largest operator of autonomous trucks, said that the milestone was reached at Yandicoogina mine in the Pilbara last month. Rio Tinto plc (ADR) (NYSE:RIO) stock opened today at $52.94 and is currently trading at $52.75. The stock showed a positive weekly performance of 1.50%.
Mining giant BHP Billiton Limited (ADR) (NYSE:BHP) has shed another 170 jobs as it attempts to cut more costs at its key iron-ore operation in Western Australia state. The layoffs, at its Mt. Whaleback site, mean that BHP has now recently cut 270 jobs tied to the production of iron ore, a ingredient in steel whose price has slumped to long-term lows. BHP is Australia’s second-biggest exporter of iron ore, which accounts for a majority of its earnings. BHP Billiton Limited (ADR) (NYSE:BHP) stock opened at $67.68, in current trading session and currently is at $67.68, by losing -0.62%. The 52 week range of $55.66 – $72.96. Company’s market capitalization is $108.71 billion.
Chesapeake Energy Corporation (NYSE:CHK) said its board has approved a previously announced plan to spin off its oilfield services business into a separate, publicly traded company. The Oklahoma City-based oil and natural gas producer said Monday that the new company will be called Seventy Seven Energy Inc. Chesapeake Energy Corporation (NYSE:CHK) board approved a previously announced spin-off of the company’s oil field services into a separate, public company called Seventy Seven Energy. Chesapeake shareholders will receive one share of the new company for every 14 shares of Chesapeake they own. Chesapeake Energy Corporation (NYSE:CHK) stock is open at $29.49 and currently trading at $29.26. The EPS of the stock is 1.19. Company’s market capitalization is $19.50 billion.
Shares of Freeport-McMoRan Copper & Gold (NYSE:FCX) have earned an average recommendation of “Buy” from the nineteen brokerages that are covering the company, AnalystRatingsNetwork.com reports. Four investment analysts have rated the stock with a hold recommendation and twelve have issued a buy recommendation on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $39.22. Freeport-McMoRan Copper & Gold Inc. (NYSE:FCX) stock opened the session at $34.54, and now is at $34.54. The 52 week range of the FCX stock remained $26.37 – $38.09 and the day range was $34.11 – $34.68.
On June 9, 2014, Halcon Resources Corp (NYSE:HK) provided an operational update related to its 314,000 net acre position in the Tuscaloosa Marine Shale (“TMS”). Halcon Resources Corp (NYSE:HK) stock is open at $6.20 and currently trading at $6.14. The EPS of the stock is -3.30. Company’s market capitalization is $2.58 billion.