During Friday’s Morning trade, Shares of United States Steel Corporation (NYSE:X), lost -0.51% to $7.74.
United States Steel Corporation, has declared that its legal department has been named to The Legal 500’s GC Powerlist: U.S. Teams, which honors the best in-house legal departments in the United States.
“Our legal department is deeply honored by this recognition, all the more so as it validates the efforts that we are making as part of the U. S. Steel team to reestablish the global prominence of this iconic company,” said Suzanne Folsom, General Counsel, Chief Compliance Officer, and Senior Vice President – Government Affairs. “We are likewise grateful to U. S. Steel’s leadership team, which has empowered us to work creatively and cooperatively with our business units.”
This is the U. S. Steel legal department’s third major award this year. The group was recognized as the winner for both General Excellence and Diversity in The Legal Intelligencer’s Best Legal Departments earlier in 2015.
United States Steel Corporation produces and sells flat-rolled and tubular steel products in North America and Europe. It operates through three segments: Flat-Rolled Products (Flat-Rolled), U. S. Steel Europe (USSE), and Tubular Products (Tubular).
Shares of Goldcorp Inc. (USA) (NYSE:GG), inclined 5.05% to $12.68, during its current trading session.
Goldcorp Inc., declared the completion of the formerly declared agreement to combine their respective El Morro and Relincho projects into a 50/50 joint venture with the interim name of Project Corridor.
The two projects are located about 40 kilometres apart in the Huasco Province in the Atacama region of Chile. Combining these two assets is predictable to provide a number of key benefits counting: reduced environmental footprint, lower cost, improved capital efficiency, optimized mine plan, improved community benefits and community engagement.
In combination with community consultation, a Pre-Feasibility Study is predictable to commence in the third quarter of 2016 and be accomplished by the end of 2017.
Goldcorp also declared earlier recently that it has accomplished the transaction to acquire New Gold’s 30% interest in the El Morro project for $90 million in cash, together with a 4% gold stream payable on future gold production from the El Morro property.
Goldcorp Inc. engages in the acquisition, exploration, development, and operation of precious metal properties in Canada, the United States, Mexico, and Central and South America. The company primarily explores for gold, silver, copper, lead, and zinc deposits. Its principal mining properties comprise the Red Lake, Éléonore, Porcupine, and Mussel white gold mines in Canada; the Peñasquito and Los Filos mines in Mexico; the Marlin property in Guatemala; the Cerro Negro and Alumbrera mines in Argentina; and the Pueblo Viejo mine in the Dominican Republic.
Finally, Shares of MPLX LP (NYSE:MPLX), lost -3.06%, and is now trading at $31.63.
Marathon Petroleum Corporation (MPC) recently declared the completion of the formerly declared merger by which MarkWest Energy Partners, L.P. became a wholly-owned partner of MPLX LP (MPLX).
Effective with the closing are the following executive and director appointments:
Frank M. Semple has been elected to the board of directors of MPC. Mr. Semple will also serve as vice chairman of the general partner of MPLX and has been elected to its board of directors. Mr. Semple formerly served as MarkWest`s chairman, president and chief executive officer.
MPLX LP owns, operates, develops, and acquires pipelines and other midstream assets related to the transportation and storage of crude oil, refined product, and other hydrocarbon-based products in the United States.