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Freeport-McMoRan Copper & Gold Inc Announces Intention to Declare $1.00 per Share Supplemental Dividend on Closing of Plains Exploration & Production Company Acquisition

7:37am EDT

Freeport-McMoRan Copper & Gold Inc announced that its Board of Directors intends to declare a supplemental dividend of $1.00 per share of common stock immediately following the closing of the pending acquisition of Plains Exploration & Production Company. This supplemental dividend would be in addition to FCX`s regular quarterly common stock dividend of $0.3125 per share. The payment of the dividend is intended to benefit both FCX`s current shareholders and the FCX shares to be issued in connection with the pending acquisition of Plains Exploration & Production Company. The declaration of the supplemental dividend is conditional on the closing of the transaction. In addition, a special committee of FCX`s Board of Directors formed to consider the transaction and the FCX Board of Directors have agreed to allow Plains Exploration & Production Company to pay a $3.00 per share cash dividend to PXP stockholders upon completion of the transaction.

Kazakhmys PLC Update On Indicative Proposal For ENRC

2:53am EDT

Kazakhmys PLC announced that with reference to the announcement made on May 20, 2013, by the Independent Committee of the Board of ENRC setting out the terms of the indicative proposal made by the Consortium with regard to a potential public offer for the shares in ENRC that the Consortium does not already hold (the Announcement). The Board of Kazakhmys announced that the Kazakhmys shares that the Announcement indicates will be used as part of the consideration for such an offer represent the entire existing 26% shareholding of the Government of Kazakhstan, one of the Consortium members (the Consideration Shares), in Kazakhmys, and does not involve Kazakhmys issuing any new shares. Kazakhmys itself is not part of the Consortium. For Panel purposes only, Kazakhmys is being treated as a party to the Offer for the purposes of the Code and Kazakhmys relevant securities are subject to the requirements of Rule 8 of the Code. The Board of Kazakhmys has made clear that the shares that it holds in ENRC are not considered a strategic investment and the Board will give due consideration to any proposal made by the Consortium to shareholders at the appropriate time.

Kombinat Yuzhuralnikel' OAO Announces No FY 2012 Dividend Payment; Appoints Auditor-SKRIN

1:50am EDT

SKRIN reported that the General Shareholders' Meeting of Kombinat Yuzhuralnikel' OAO has decided not ot distribute dividend for the fiscal year 2012. Also, Energy Consulting/Audit ZAO has been appointed the Company's auditor.

Prairie Downs Metals Ltd Announces Appointment Of New Chief Executive Officer

Sunday, 19 May 2013 07:36pm EDT

Prairie Downs Metals Ltd announced the appointment of Mr Enjamin Stoikovich as Chief Executive Officer (CEO) of the Company. Mr Stoikovich’s immediate focus will be to expedite the development of the Company’s Lublin Coal Project, through the completion of the current drilling campaign, scoping and pre-feasibility studies and the marketing of the Company to European, Asian and Australian investors and potential strategic and off-take partners. Mr Stoikovich will be based in London and will also be appointed as a director of the Company. He is expected to formally commence his role on June 17. 2013.

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Analyst Research

Report Title Price
DISCOVERY METALS - PROMISING COPPER EXPLORER
Provider: Edison Investment Research
$10.00
Buy
ZINCOX - UNIQUE ZINC TECHNOLOGY
Provider: Edison Investment Research
$10.00
Buy
DISCOVERY METALS - DEVELOPING BOSETO
Provider: Edison Investment Research
$10.00
Buy
DISCOVERY METALS - 57% VALUE UPLIFT
Provider: Edison Investment Research
$10.00
Buy
DISCOVERY METALS - UPGRADED ZETA RESOURCE
Provider: Edison Investment Research
$10.00
Buy

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