C. Lourenco Goncalves – Cliffs Natural Resources, Inc. Demand for steel in the US is good “One thing we’ll always be confident in is the resilience of the U.S. economy, and by extension, the health of the domestic steel industry. … Continued
C. Lourenco Goncalves We finally have sanity back in the seaborne iron ore market “The most important point I would like to make today, we finally have sanity back in the seaborne iron ore market. I truly commend Rio Tinto … Continued
Freeport-McMoRan’s (FCX) CEO Richard Adkerson on Q4 2016 Results Don’t give bows for Act I when the audience is looking for Act II “as I started thinking about my presentation today I recall a comment that Jack Welch made several … Continued
Alcoa’s (AA) CEO Klaus Kleinfeld on Q2 2016 Results Revenue down 1% y/y ‘Revenues of 3.4 billion, that’s down 1% year-over-year and this basically reflects the customer adjustments of the delivery schedules in the aerospace industry, softness in the North … Continued
NovaGold Resources’ (NG) CEO Greg Lang on Q3 2016 Results Just a matter of time before we secure necessary permit “There is a still a lot of work ahead prior to making a construction decision. But we can all see … Continued
Glencore’s (GLCNF) CEO Ivan Glasenberg on Q2 2016 Results 12 fatalities “Regrettably, we’ve had 12 fatalities from four incidents at our mines and once again these fatalities have occurred at our focused assets and while these are Kazakhstan, Zambia and … Continued
Platform Specialty (PAH) CEO Rakesh Sachdev called out oil and gas orders as notably weak “Organic sales declined 2% driven primarily by weak demand from oil and gas end markets and continued softness in the electronics business in Asia.” Expecting … Continued
AGCO (AGCO) Martin H. Richenhagen on Q2 2016 Results Chided the IR guy for mispronouncing his name “Thank you, Greg, and I hope that one day you learn how to pronounce my last name properly. It’s not Riken-hagen, it’s Rishen-hagen.” … Continued
Rio Tinto’s (RTPPF) CEO Jean-Sebastien Jacques on Q2 2016 Results Pilbara cost is $14.30 per ton “Our Pilbara business, they were operating cash flow of $9.71 billion, cost reduced by $138 million in the first half and fully loaded unit … Continued
Cliffs Natural Resources (CLF) C. Lourenco Goncalves on Q2 2016 We won “To those of you who witnessed Cliffs make it through this difficult time and now believe we have gotten to a great spot, we would like to say … Continued