Stocks to watch on the Australian stock exchange at close on Tuesday:
BHP – BHP BILLITON LTD – down 15 cents at $35.67
Standard & Poor’s says BHP’s weaker than expected cash flow generation in the six months to the end of December 2012 will have no immediate impact on the company’s ratings or outlook.
PXS – PHARMAXIS LTD – down five cents at 54.5 cents
Pharmaxis has appointed chief operating officer Gary Phillips as its new chief executive, effective immediately.
RFG – RETAIL FOOD GROUP LTD – up three cents at $3.72
The chairman of food franchise operator Retail Food Group, Bruce Hancox, will retire from the board at the end of April.
RMS – RAMELIUS RESOURCES LTD – down 0.5 cents at 37 cents
Gold miner Ramelius Resources has begun mining at its Western Queen South project in a bid to boost production to 100,000 ounces a year.
RIO – RIO TINTO LTD – down $1.18 at $61.92
Rio Tinto has reportedly slowed progress of its multi-billion-dollar investment in Guinea’s Simandou iron ore deposit and cut staff.
WHC – WHITEHAVEN COAL LTD – down 14 cents at $2.39
Whitehaven Coal is not making any money due to poor coal prices but has won approval to expand or build a new mine for the second time in four weeks.
WPL – WOODSIDE PETROLEUM LTD – down 64 cents at $36.75
Woodside Petroleum’s $40 billion Browse gas project looks less likely to go ahead despite the re-election of its biggest supporter, West Australian Premier Colin Barnett.
