Teck Reports Serious Incident at Greenhills

VANCOUVER, BRITISH COLUMBIA, Jun 29 (MARKET WIRE) —
Teck Resources Limited (TSX: TCK.A and TCK.B, NYSE: TCK)
(“Teck”) reported that an explosion occurred in the coal dryer
at Teck’s Greenhills coal mine near Elkford British Columbia today at
approximately 3.15 p.m. All employees, visitors and contractors have been
accounted for. Four employees have been treated for minor smoke
inhalation. Teck has mobilized teams to control a brush fire triggered by
the explosion. The cause of the accident is not known at this time.
Damage to the dryer building is extensive. It is expected to be several
days before the damage can be fully assessed and the extent of the
interruption of production at Greenhills can be estimated.

Regulatory agencies and authorities have been notified.

Teck has an 80% interest in Greenhills. Greenhills’s planned 2010
production was approximately 4.3 million tonnes of metallurgical coal, of
which Teck’s share is approximately 3.4 million tonnes.

About Teck

Teck is a diversified resource company committed to responsible mining
and mineral development with major business units focused on copper,
steelmaking coal, zinc and energy. Headquartered in Vancouver, Canada,
its shares are listed on the Toronto Stock Exchange under the symbols
TCK.A and TCK.B and the New York Stock Exchange under the symbol TCK.
Further information about Teck can be found at: www.teck.com.

Contacts:
Teck Resources Limited
Greg Waller
Vice President, Investor Relations & Strategic Analysis
(604) 699-4014
greg.waller@teck.com
www.teck.com

Copyright 2010, Market Wire, All rights reserved.

Research and Markets: an Essential Report Analyzing the US Steel Industry

DUBLIN–(Business Wire)–
Research and Markets
(http://www.researchandmarkets.com/research/2f51c2/analyzing_the_us_s) has
announced the addition of the “Analyzing the US Steel Industry” report to their
offering.

The steel industry is critical to the U.S. economy. Steel is the material of
choice for many elements of construction, transportation, manufacturing, and a
variety of consumer products. Traditionally valued for its strength, steel has
also become the most recycled material, with two-thirds of U.S. steel now
produced from scrap.

The U.S. steel industry is a more than $50 billion enterprise, and additional
downstream processing pushes the value closer to $75 billion. The industry
accounts for nearly 10% of the global raw steel market, providing over 110
million net tons in 2006. Large quantities of low-cost imports have challenged
the industry in recent years, but restructuring, downsizing, and widespread
implementation of new technologies have led to vastly improved labor
productivity, energy efficiency, and yield.

As a result of industry consolidation, the number of steelmaking facilities has
decreased significantly over the last few decades. As of 2006, around 85
companies were producing raw steel at almost 140 locations. The absolute number
of integrated mills producing steel in basic oxygen furnaces has always been
relatively small and is currently at around 20. The highest geographic
concentration of mills is in the Great Lakes region, including Indiana,
Illinois, Ohio, Pennsylvania, Michigan, and New York. Approximately 80% of US
steelmaking capacity is in these states. The industry employs more than 100,000
people nationwide.

In the United States, two methods are used to produce steel: the ore based, or
integrated process, and the scrap based, or electric arc furnace process. Two
different approaches are used to prepare semifinished billet: the integrated
process, which uses a blast furnace, and the minimill, which uses a direct
electric arc furnace. Once steel is in the semifinished state, further
processing is required in both the minimill and the integrated steel-making
process.

The manufacturing process of steel uses a complex series of capital-intensive
unit processes to produce value-added, high-quality steel. Annual production of
an integrated steel mill is three to five million metric tons. The integrated
mill represents several billion dollars of capital investment, which has
typically been funded over several generations. Only 21 integrated steel mills
remain in operation and are located in the Great Lakes region near sources of
iron ore, coal, and water.

Aruvian’s Research focuses on this highly lucrative industry, bringing you -
Analyzing the US Steel & Steel Mill Products Market. The report is a complete
guide to all the recent developments going on in the industry, along with an
in-depth analysis on market statistics, market structure, competition in the
industry, where the US Steel Industry stands on a global scenario, and much
more.

Sections focusing on the value chain analysis of the industry, the steel crisis
of 1998, a comparison of US, Japanese and South Korean steel companies, and the
importance of the US steel industry to US national defense, adds a different
perspective to This report as compared to the many others available today. Where
the US Steel Mill Products Market stands on a global scenario is an added
feature in this report.

The influence of the US Steel Industry and the US Steel Mill Products Industry
on other industries in the country is yet another added boost to the potential
of this report for investors and researchers alike!

Key Topics Covered:

A. Executive Summary

B. Industry Definition

C. Globalization in the Steel Industry

D. Looking at the US Steel Industry

E. The Steel Crisis of 1998

F. Industry Growth Drivers

G. Value Chain Analysis for the US Steel Industry: A Diagrammatic Representation

H. Regulatory Framework Affecting the US Steel Industry

I. Comparing US, Japanese, & South Korean Steel Companies

J. US Steel Industry & Impact on Other Industries

K. Factors Influencing the Competitiveness of the US Steel Industry

L. Importance of the Steel Industry to US National Defense

M. Leading Industry Contributors

N. US Steel Industry: Future Perspective

O. Appendix

P. Glossary of Terms

Companies Mentioned:

* Arcelor Mittal
* Nucor Corporation
* United States Steel Corporation
* AK Steel Holding Corporation
* Commercial Metals Company

For more information visit

http://www.researchandmarkets.com/research/2f51c2/analyzing_the_us_s

Research and Markets
Laura Wood, Senior Manager,
press@researchandmarkets.com
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

Copyright Business Wire 2010

Scenarios: Bid frenzy around Australia’s Macarthur Coal

(Reuters) – Australia’s Macarthur Coal (MCC.AX), the world’s leading exporter of cleaner, pulverized coal used in steelmaking, is a company in demand.

Deals

The miner has this week rejected two bids of nearly $3.5 billion, and is seeking to go ahead with an alternative plan to make an acquisition of its own.

Macarthur has spurned a $3.45 billion offer from New Hope (NHC.AX) and an earlier $3.3 billion offer from Peabody Energy (BTU.N), the world’s largest private-sector coal producer.

Instead, Macarthur is pursuing an agreed deal under which it would take over smaller Gloucester Coal (GCL.AX) and hand a 25 percent stake in itself to commodity trader Noble Group (NOBG.SI).

Time is short. Macarthur shareholders are due to vote on Monday on the Gloucester/Noble deal.

Key to the outcome are Macarthur’s three big shareholders — China’s CITIC Resources Holdings (1205.HK) and steel giants ArcelorMittal SA (ISPA.AS) and South Korea’s POSCO (005490.KS) — who hold a combined 47.3 percent.

What’s next in this complex, fast-paced takeover battle?

A BETTER OFFER

Quietly, this may be what Macarthur is hoping for. While it has said Monday’s vote will go ahead, it added that it could delay the meeting if there were “material change to circumstances.”

That could leave the door ajar for potential suitors — from Peabody to New Hope, or others such as Xstrata (XTA.L) — to come up with a knockout punch.

“Macarthur is saying ‘come up with a real offer,” said Tom Elliot, managing director at hedge fund MM&E Capital said. “They are signaling the current offers are not enough. The market is expecting A$16. What’s on the table is far from it.”

The Australia Financial Review, in an unsourced report, said coal giant Xstrata (XTA.L) had approached ArcelorMittal and POSCO about a possible bid.

With Asia’s insatiable hunger for resources, more bidders could yet come in for Macarthur and its prized coal reserves.

Analysts reckon Macarthur’s minority shareholders would probably agree to an offer closer to A$16 a share. Peabody has offered A$14.

MACARTHUR PUSHES AHEAD WITH GLOUCESTER VOTE

A clear possibility if potential suitors refuse to blink.

“Macarthur must have a tacit understanding with its key shareholders for the vote unless a much sweeter offer comes through,” said one analyst, who did not want to be named as his firm is involved in the deal.

Less than A$20 a share would crystallize a loss for ArcelorMittal and POSCO, who bought into Macarthur at the 2008 market peak, so they are unlikely to sell at current levels, even if they were to get other benefits from a deal.

SHAREHOLDERS VOTE, REJECT GLOUCESTER DEAL

Unlikely. If any of the big shareholders appears to be backing away, Macarthur can quickly call off the vote and try to attract a higher offer. The assumption is that it has done its homework.

(Editing by Ian Geoghegan)

SCENARIOS-Bid frenzy around Australia’s Macarthur Coal

SYDNEY, April 9 (Reuters) – Australia’s Macarthur Coal (MCC.AX), the world’s leading exporter of cleaner, pulverised coal used in steelmaking, is a company in demand.

The miner has this week rejected two bids of nearly $3.5 billion, and is seeking to go ahead with an alternative plan to make an acquisition of its own. [ID:SGE6370MK]

Macarthur has spurned a $3.45 billion offer from New Hope (NHC.AX) and an earlier $3.3 billion offer from Peabody Energy (BTU.N), the world’s largest private-sector coal producer.

Instead, Macarthur is pursuing an agreed deal under which it would take over smaller Gloucester Coal (GCL.AX) and hand a 25 percent stake in itself to commodity trader Noble Group (NOBG.SI).

Time is short. Macarthur shareholders are due to vote on MOnday on the Gloucester/Noble deal.

Key to the outcome are Macarthur’s three big shareholders — China’s CITIC Resources Holdings (1205.HK) and steel giants ArcelorMittal SA (ISPA.AS) and South Korea’s POSCO (005490.KS) — who hold a combined 47.3 percent.

What’s next in this complex, fast-paced takeover battle?

A BETTER OFFER

Quietly, this may be what Macarthur is hoping for. While it has said Monday’s vote will go ahead, it added that it could delay the meeting if there were “material change to circumstances”.

That could leave the door ajar for potential suitors — from Peabody to New Hope, or others such as Xstrata (XTA.L) — to come up with a knockout punch.

“Macarthur is saying ‘come up with a real offer,” said Tom Elliot, managing director at hedge fund MM&E Capital said. “They are signalling the current offers are not enough. The market is expecting A$16. What’s on the table is far from it.”

The Australia Financial Review, in an unsourced report, said coal giant Xstrata (XTA.L) had approached ArcelorMittal and POSCO about a possible bid.

With Asia’s insatiable hunger for resources, more bidders could yet come in for Macarthur and its prized coal reserves.

Analysts reckon Macarthur’s minority shareholders would probably agree to an offer closer to A$16 a share. Peabody has offered A$14.

MACARTHUR PUSHES AHEAD WITH GLOUCESTER VOTE

A clear possibility if potential suitors refuse to blink.

“Macarthur must have a tacit understanding with its key shareholders for the vote unless a much sweeter offer comes through,” said one analyst, who did not want to be named as his firm is involved in the deal.

Less than A$20 a share would crystallise a loss for ArcelorMittal and POSCO, who bought into Macarthur at the 2008 market peak, so they are unlikely to sell at current levels, even if they were to get other benefits from a deal.

SHAREHOLDERS VOTE, REJECT GLOUCESTER DEAL

Unlikely. If any of the big shareholders appears to be backing away, Macarthur can quickly call off the vote and try to attract a higher offer. The assumption is that it has done its homework. [ID:nTOE63504O] (Editing by Ian Geoghegan)

ArcelorMittal Announces Publication of Convening Notice for Annual General Meeting of Shareholders

ArcelorMittal announces the publication of the convening notice for its annual
general meeting of shareholders to be held on 11 May 2010 at 11.00 am at its
registered office in Luxembourg. The convening notice, proxy forms and other
materials are available from today on www.arcelormittal.com under “Investors &
Shareholders” – “Annual General Meeting 11 May 2010″.

Shareholders may obtain free of charge a hard copy of ArcelorMittal’s Annual
Report 2009 (in English or French) at the Company`s registered office, by e-mail
by sending a request to privateinvestors@arcelormittal.com, by telephone (+352
4792 2652 or +800 4792 4792) or by fax (+352 4792 2449).

About ArcelorMittal

ArcelorMittal is the world’s leading steel company, with operations in more than
60 countries.

ArcelorMittal is the leader in all major global steel markets, including
automotive, construction, household appliances and packaging, with leading R&D
and technology, as well as sizeable captive supplies of raw materials and
outstanding distribution networks. With an industrial presence in over 20
countries spanning four continents, the Company covers all of the key steel
markets, from emerging to mature.

Through its core values of sustainability, quality and leadership, ArcelorMittal
commits to operating in a responsible way with respect to the health, safety and
wellbeing of its employees, contractors and the communities in which it
operates. It is also committed to the sustainable management of the environment
and of finite resources. ArcelorMittal recognises that it has a significant
responsibility to tackle the global climate change challenge; it takes a leading
role in the industry’s efforts to develop breakthrough steelmaking technologies
and is actively researching and developing steel-based technologies and
solutions that contribute to combat climate change.

In 2009, ArcelorMittal had revenues of $65.1 billion and crude steel production
of 73.2 million tonnes, representing approximately 8 per cent of world steel
output.

ArcelorMittal is listed on the stock exchanges of New York (MT), Amsterdam (MT),
Paris (MT), Brussels (MT), Luxembourg (MT) and on the Spanish stock exchanges of
Barcelona, Bilbao, Madrid and Valencia (MTS).

For more information about ArcelorMittal visit: www.arcelormittal.com

Contact information ArcelorMittal Investor Relations
Europe +352 4792 2652
Americas +1 312 899 3569
Retail +352 4792 2434
SRI +44 203 214 2854
Bonds/Credit +33 1 71 92 10 26
or
Contact information ArcelorMittal Corporate Communications
E-mail:
press@arcelormittal.com
Phone: +352 4792 5000
or
ArcelorMittal Corporate Communications
Giles Read (Head of Media Relations) +44 20 3214 2845
Arne Langner +352 4792 3120
Jean Lasar +352 4792 2359
Lynn Robbroeckx +352 4792 3193
or
ArcelorMittal (Americas)
Bill Steers +1 312 899 3817
Adam Warrington +1 312 899 3596
or
United Kingdom
Maitland Consultancy:
David Sturken / Martin Leeburn + 44 20 7379 5151
or
France
Image 7
Tiphaine Hecketsweiler / Grégoire Lucas+33 1 5370 7470
or
Spain
Ignacio Agreda +34 94 489 4162
Gerardo Alonso Suárez: +34 985 12 61 53
or
India
Mandakini Sud +91 11 467 594 38
Sevashree Mohapatra +91 11 467 594 72

Copyright Business Wire 2010

UPDATE 1-Macarthur coal resumes Australia coal shipments

Macarthur resumes coal shipments, reaffirms sales forecast * Coking coal market still tight with BHP’s force majeure in place (Adds details, background)

PERTH, March 29 (Reuters) – Macarthur Coal Ltd (MCC.AX), the world’s largest producer of pulverized injection coal (PCI) for steelmaking, has resumed its coal shipments following the resumption of rail and port services at Dalrymple Bay Coal Terminal, it said on Monday.

Macarthur, which declared force majeure on shipments on March 19, said its full year sales forecast range of 4.8-5 million tonnes remained unchanged, despite the recent weather-related disruptions.

But the resumption of Macarthur’s PCI coal shipments would only slightly alleviate the supply tightness in the coking coal market, with top exporter BHP Billiton Ltd (BHP.AX)(BLT.L) having declared force majeure on its shipments last week and said its key coal port would take between three to six weeks to resume full operations. [ID:nSGE62N01A]

The Dalrymple Bay Coal Terminal, which has an annual capacity of 85 million tonnes per year, was shut for about four days last week due to rough weather conditions caused by a cyclone.

The Blackwater and Goonyella rail lines, which transport coal to and from the mines owned by Macarthur, BHP Mitsubishi Alliance and Ensham Resources Pty Ltd, were also halted.

Hard coking coal prices have risen strongly in the past two weeks on the back of the supply disruptions.

Prices of premium quality coal have been sold at $240 a tonne, while offer prices for the steel feed are hovering between $240-$250 a tonne, up from $220-$225 a tonne about two weeks ago, traders said.

Force majeure is a contractual clause that allows companies to miss deliveries because of circumstances beyond their control. (Reporting by Fayen Wong; Editing by Ed Davies)

Macarthur coal resumes Australia coal shipments

PERTH, March 29 (Reuters) – Macarthur Coal Ltd (MCC.AX), the world’s largest producer of pulverized injection coal for steelmaking, has lifted its force majeure declarations following the resumption of rail and port services at Dalrymple Bay Coal Terminal, it said on Monday.

Macarthur said its full year sales forecast range of 4.8-5 million tonnes remains unchanged, despite the recent weather-related disruptions.

The firm declared force majeure on coal shipments on March 19. (Reporting by Fayen Wong; editing by Balazs Koranyi)