On Friday, Shares of Citigroup Inc (NYSE:C), lost -0.34% to $53.26.
Citigroup will issue its third quarter results via press release at approximately 8:00 AM (ET) on Thursday, October 15, 2015. At 11:00 AM (ET), results will be reviewed via live webcast and teleconference.
Citigroup Inc., a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions worldwide. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG).
Shares of Cobalt International Energy, Inc (NYSE:CIE), declined -3.10% to $8.12, during its last trading session.
Cobalt International Energy, Inc. (“Cobalt”) (CIE) declared that Shannon (Shane) E. Young, III will join Cobalt as Chief Financial Officer and Executive Vice President. Mr. Young is presently Senior Vice President & Chief Financial Officer for Talos Energy LLC. He replaces John P. Wilkirson, who has indicated his desire to pursue other interests. These changes are effective September 1, 2015, and Mr. Wilkirson will remain as a consultant to Cobalt through the end of October to ensure a smooth executive transition.
Commenting on these changes, Joseph H. Bryant, Cobalt’s Chairman and Chief Executive Officer, said, “I am extremely happy that Shane has agreed to join Cobalt at this time of exceptional opportunity and challenge. Shane’s deep experience in Capital Markets, Investment Banking, and M&A will be put to full use as Cobalt continues to grow. His background is a perfect match for Cobalt at this point in our life-cycle.” Bryant added, “I wish John all the best as he leaves Cobalt and want to thank him on behalf of the Board of Directors and the rest of the Cobalt team for his many years of service.”
Commenting on his new assignment Mr. Young said, “I’m excited about joining the Cobalt team and being an integral part of this great company with such a bright future. Cobalt’s reputation as a leading explorer and operator is well known in the industry. I look forward to progressing and strengthening Cobalt’s financial foundation so that it remains a premier global exploration and production company.”
John Wilkirson added, “My time at Cobalt has been truly special as the company matured from the private start-up to recently’s successful public entity. During the past five years as CFO, I appreciated the opportunity to have led multiple noteworthy and innovative financings. I feel the timing is right to make this transition and I wish the company all the best in their future endeavors.”
Cobalt International Energy, Inc., through its auxiliaries, engages in the exploration and production of oil-focused, below-salt exploration prospects. Its project portfolio comprises North Platte, Heidelberg, Shenandoah, and Anchor discovery in the U.S. Gulf of Mexico; Cameia, Lontra, Mavinga, Bicuar, and Orca in the offshore Angola; and Diaman in the offshore Gabon. As of December 31, 2014, the company’s estimated net proved undeveloped reserves totaled 8.4 million barrels of oil and 3.7 billion cubic feet of natural gas.
Finally, Turquoise Hill Resources Ltd (NYSE:TRQ), ended its last trade with 0.33% gain, and closed at $3.01.
Turquoise Hill Resources, declared that Oyu Tolgoi has filed revised plans for the 2015 Oyu Tolgoi Feasibility Study (OTFS 2015) with the Mongolian Minerals Council (MMC). The filing also aligned OTFS 2015 with the Oyu Tolgoi Underground Mine Development and Financing Plan (Underground Plan), which was signed in May 2015.
The MMC has already tentatively accepted OTFS 2015, originally filed in March 2015, pending a revision of plans and alignment with the Underground Plan. OTFS 2015 is based on the same feasibility study and aligns with the 2014 Oyu Tolgoi Technical Report, which was revealed in October 2014. An update to the capital estimate will be accomplished in parallel with other pre-start activities, ahead of final approval of the project by the Turquoise Hill, Rio Tinto and Oyu Tolgoi boards. The preferred engineering, procurement and construction administration (EPCM) contractor has been engaged to complete some critical path detailed engineering and the re-estimate.
Funding for pre-start activities has been approved, counting ramp up of the owners and EPCM team, re-estimate activities, detailed engineering and early procurement for plant, equipment and materials that are required for project restart in addition to necessary critical works that are key enablers for recommencement of lateral development mining activity.
Turquoise Hill Resources Ltd., together with its auxiliaries, operates as a mining company. Its principal material mineral resource property is the Oyu Tolgoi copper-gold mine located in the southern Mongolia. The company was formerly known as Ivanhoe Mines Ltd. and changed its name to Turquoise Hill Resources Ltd. in August 2012. The company was founded in 1994 and is headquartered in Vancouver, Canada. Turquoise Hill Resources Ltd. is a partner of Rio Tinto International Holdings Limited.
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