5 Mining Stocks on Watch

Alcoa Inc. (NYSE: AA) recently announced that its Kawneer business supplied architectural aluminum products to the new Lindsay-Flanigan Courthouse in Denver meeting Leadership in Energy and Environmental Design (LEED) requirements. The Kawneer's 1600 SS Unitwall curtain wall helped the project with maximum daylight goals and several LEED requirements in the Materials & Recourses category. Alcoa is in the business of production and management of primary aluminum, fabricated aluminum, and alumina combined. Rio Tinto plc (ADR) (NYSE: RIO) yesterday announced the pricing of secondary offering of 25,600,000 shares of Cloud Peak Energy common stock for US$19.50 per share. After the completion of the offering, Rio Tinto will retain an approximately 6.2 percent interest in Cloud Peak Energy Resource. Rio Tinto is involved in each stage of metal and mineral production. Aluminum Corp. of China Limited (ADR) (NYSE: ACH) recently signed a non-binding memorandum of understanding to establish an exploration joint venture in China. The new company will explore mainland China for world-class mineral deposits and is expected to come into operation in the first half of next year. Its plans include between three and five large area exploration projects will be selected for initial focus. Chinalco will hold a 51% interest in the JV and Rio Tinto will hold a 49% interest. Aluminum Corporation of China is a producer with operations in bauxite mining, alumina refining, primary aluminum smelting and aluminum fabrication. Vale (ADR) (NYSE: VALE) recently announced the secondary listing of its common shares and Class A preferred shares in the form of Hong Kong depositary receipts on the Stock Exchange of Hong Kong Limited. Vale is a metals and mining company and is a producer of iron ore and iron ore pellets. Southern Copper Corporation (USA) (NYSE: SCCO) recently announced its third quarter results 2010, with net revenues at $1,257.9 million, an increase of 9.2% as compared with $1,151.8 million in the comparable period previous year. These increases were mainly the result of higher metal prices as well as higher molybdenum sales volumes. The net income was $365.2 million, an increase of 16.9%as compared with $312.5 million in the comparable period previous year. Southern Copper produces copper, molybdenum, zinc and silver. This corporate profile is provided for information purposes only and should not be used as the basis for any investment decision. We are neither licensed nor qualified to provide investment advice. We were not paid, nor do we hold a position in these stocks. We reserve the right to buy or sell AA, RIO, ACH, VALE and SCCO at any time after this post.
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