Stocks to watch on the Australian stock exchange early on Tuesday:
ABY – ABITYA BIRLA MINERALS LTD – down 6.5 cents, or 7.47 per cent, at 80.5 cents
Copper miner Aditya Birla has been fined by a Queensland court for having too much water at its Mt Gordon mine in the Mt Isa region.
ANZ – AUSTRALIA AND NEW ZEALAND BANKING GROUP LTD – down 58 cents, or 2.97 per cent, at $18.94
Australia’s largest class action is back in court on Monday, in what lawyers describe as a major step in the case against ANZ bank fees.
ELD – ELDERS LTD – down 1.5 cents, or 5.17 per cent, at 27.5 cents
Elders has started offloading its struggling forestry business, blaming weak woodfibre demand and poor prices.
LEI – LEGHTON HOLDINGS LTD – down 40 cents, or 2.14 per cent, at $18.28
Workers have been sent home from Brisbane’s Airport Link tunnel project after construction was stopped as a mark of respect to an employee who died following an on-site accident.
RIO – RIO TINTO LTD – down $2.50, or 4.05 per cent, to $59.30
CNA – COAL & ALLIED INDUSTRIES LTD – up three cents at $123.32
The Foreign Investment Review Board has approved a plan by Rio Tinto and Japan’s Mitsubishi to mop up the shares in coal miner Coal & Allied Industries that they don’t already own.
NEC – NORTHERN ENERGY CORPORATION LTD – steady at $2
WES – WESFARMERS LTD – down 78 cents, or 2.47 per cent, at $30.81
AQA – AQUILA RESOURCES LTD – down 29 cents, or 5.82 per cent, at $4.69
A financing package for the first stage of the Wiggins Island coal export terminal in Queensland has been completed, project participant Northern Energy Corporation says.
SDL – SUNDANCE RESOURCES LTD – in a trading halt, last traded at 43 cents
Sundance Resources has accepted an improved takeover bid by China’s Hanlong Mining, valuing the iron ore explorer at $1.65 billion, according to people familiar with the deal.
