2 Basic Material Stocks investors should keep an eye on: McDermott International (MDR), Newmont Mining Corp (NEM)


McDermott International (NYSE:MDR):

Stock’s Trading Stats:

McDermott International (NYSE:MDR) surged 4.09% Friday and closed at $3.82. The company’s market capitalization is at $950.42 Million with an average trading volume of 3.86 Million. The total number of Outstanding Shares Held by the company are 239.03 Million.

Recent Press Release:

McDermott International (MDR) declared that David Dickson, President and Chief Executive Officer, presented at Scotia Howard Weil’s 44th Annual Energy Conference on March 21 at the Roosevelt Hotel in New Orleans.

McDermott International (MDR) provides engineering, procurement, construction and installation, and module fabrication services for upstream field developments worldwide. It operates through three segments: the Americas, Europe and Africa; the Middle East; and Asia. The company delivers fixed and floating production facilities, pipeline installations, and subsea systems from concept to commissioning for offshore and subsea oil and gas projects. Its operations include fabrication and offshore installation of fixed and floating structures; and the installation of pipelines and subsea systems, as well as provision of shallow water and deep water construction services.

Newmont Mining Corp (NYSE:NEM):

Stock’s Trading Stats:

Newmont Mining Corp (NYSE:NEM) closed at $29.10 Friday by showing an increase of 4.08%. The total number of outstanding shares held by the company are 529.16 Million with the total market capitalization of $16.03 billion. The number of shares traded on the last trading session are 7.88 Million.

Recent Press Release:

Newmont Mining Corp (NEM) on April 4 published its 2015 sustainability report, Beyond the Mine, detailing the Company’s safety, economic, environmental and social performance. Last year, Newmont was named the mining industry’s overall leader in sustainability by the Dow Jones Sustainability World Index.

The report details efforts in 2015 to improve Newmont’s sustainability performance, including:

  • Reducing Total Recordable Injury Frequency Rates by another 18 percent, a new record low; unfortunately, this was overshadowed by two fatalities at Newmont’s operations highlighting the ongoing need to improve behaviors and controls to achieve zero harm;
  • Meeting targets to improve water management and concurrent reclamation planning; however, work to meet our global target for complaints and grievances resolution continues;
  • Gathering baseline data to establish targets for local employment and business opportunities;
  • Generating $6.05 billion in economic value throughout our operating regions, including $1.35 billion in wages and benefits; $433 million in taxes and royalties; and $28 million in community investments;
  • Significantly reducing mercury and sulphur dioxide emissions by replacing the roaster at KCGM in Australia with an ultra-fine grinding mill; and
  • Advancing a Sagebrush Ecosystem Conservation Program in Nevada to protect a broad range of local plant and animal species, in partnership with government.

The information and data reported in Beyond the Mine reflects issues identified by our stakeholders, the business, and society at large as being the most material and relevant to their needs and concerns. These issues were identified using a robust process that incorporates the Global Reporting Initiative’s (GRI) principles for defining report content. Newmont’s 2015 sustainability report was compiled in accordance with the GRI’s G4 Core option guidelines and independently assured.