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Woodside is on target to achieve 2013 guidance after production and revenue hit record levels in 2012 due to the start of its Pluto operation in WA.
Australian stocks have reached a 19 month high, gaining 2.7 per cent for the year as local investors continue to be optimistic.
Mineral sands miner Iluka will cut 65 jobs and close a WA mine after tough trading conditions led to a loss of nearly one-third in revenue in 2012.
A weak employment report has increased the chances the central bank will cut interest rates in February.
Australian stocks have opened flat as traders wait to see if the key ASX200 index breaks through a key technial level reached after the New Year.
Santos has posted a blow-out in full year production costs by up to $50 million associated with LNG projects, but it was offset by strong sales revenue
