NEW YORK, July 1, 2013 /PRNewswire/ --
Today, Wall Street Reports announced new research reports highlighting Alpha Natural Resources, Inc. (NYSE: ANR) Arch Coal, Inc. (NYSE: ACI), U.S. Silica Holdings, Inc. (NYSE: SLCA), AK Steel Corporation (NYSE: AKS), and SunCoke Energy, Inc. (NYSE: SXC). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Alpha Natural Resources, Inc. Research Report
On June 20, 2013, Alpha Natural Resources, Inc. (Alpha) announced the opening of the Running Right Leadership Academy, a comprehensive education and training facility for mine safety and operations. "The Running Right Leadership Academy is the culmination of years of planning and hard work, and we are proud to have brought this concept to reality," said Kevin Crutchfield, Chairman and CEO of Alpha. "The scale and scope of the facility is the first of its kind in the industry, demonstrating our leadership and commitment to the well-being of our employees." The Company has invested approximately $23 million in to the facility and development of the curriculum. Alpha further reported that the extensive curriculum integrates a broad range of subject areas, including technical, safety, and leadership skills, making it an effective resource for miners who work underground, as well as for surface miners. The Full Research Report on Alpha Resources, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wsreports.com/r/full_research_report/1e1a_ANR]
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Arch Coal, Inc. Research Report
On June 26, 2013, Arch Coal, Inc. (Arch Coal) announced that its Cumberland River Coal Company's (Cumberland River) Pine Branch No. 1 mine was named by the Virginia Department of Mines, Mineral and Energy and the Virginia Coal Mine Safety Board as the safest large underground mine operator in Virginia for working more than 168,000 employee-hours without a lost-time safety incident in 2012. "Achieving the best mine safety record in the state is a reflection of Arch's unwavering commitment to the safety of our employees and our mines," commented Charles Snavely, President of Eastern Operations at Arch Coal. In 2011 and 2012, Cumberland River's top-ranked mine rescue team earned the Grand Championship at the Virginia Mining Institute Contest. The Full Research Report on Arch Coal, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wsreports.com/r/full_research_report/bcc4_ACI]
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U.S. Silica Holdings, Inc. Research Report
On June 25, 2013, U.S. Silica Holdings, Inc. (U.S. Silica) announced that S&P has raised its corporate rating on the Company to BB- from B+ with a stable outlook. Further, S&P also raised the issue-level rating on the Company's $255 million term loan to BB from BB-. According to S&P, "The upgrade reflects our view that frac sand and industrial sand supplier U.S. Silica's improved operating performance, cash flow generation, and credit measures are sustainable now and that its former financial sponsor has loosened control over the Company." Don Merril, Vice President and Chief Financial Officer for U.S. Silica commented that S&P's ratings upgrade "is a testament to the success of our business model and our ability to generate strong cash flows. Ultimately, this provides us with increased financial flexibility to continue to grow the Company and return value to shareholders." The Full Research Report on U.S. Silica Holdings, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wsreports.com/r/full_research_report/2c82_SLCA]
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AK Steel Corporation Research Report
On June 24, 2013, AK Steel Corporation (AK Steel) announced that the blast furnace at the Company's Middletown (OH) Works facility experienced a mechanical failure in the charging apparatus internal to the furnace on June 22, 2013. AK Steel stated that there were no injuries and it is continuing to assess the situation and investigate the root cause of the incident. Further, the Company said that it has a contingency plan and is executing the same. The blast furnace was taken offline to prevent any damage to the furnace and to position the furnace for the start-up once the repairs are completed, which is expected to happen between early July 2013 to late in Q3 2013. Moreover, AK Steel expects the uninsured loss to be between $10 million and $27.5 million, and also indicates that the outage will impact Q2 2013 and Q3 2013 shipments and financial results. AK steel reported that it will provide further updates to the incident in its earning conference call on July 23, 2013. The Full Research Report on AK Steel Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wsreports.com/r/full_research_report/bebf_AKS]
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SunCoke Energy, Inc. Research Report
On June 26, 2013, SunCoke Energy Partners, L.P. (SXCP), a subsidiary of SunCoke Energy, Inc. (SunCoke), announced an agreement to acquire the assets, specified liabilities, and business operations of Lakeshore Coal Handling Corporation (Lakeshore) for a proposed purchase price of $29.6 million in cash. The Company expects the acquisition to close on July 31, 2013, subject to execution of a definitive agreement and customary closing conditions. "The acquisition of Lakeshore is consistent with our overall vision to grow SXCP by increasing our presence across the steel value chain," said Fritz Henderson, Chairman and CEO of SXCP. "We expect this acquisition will be immediately accretive to SXCP's cash flows and earnings, supporting future increases in distributable cash flow per unit." The Full Research Report on SunCoke Energy, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wsreports.com/r/full_research_report/3760_SXC]
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SOURCE Wall Street Reports