Stocks to watch on the Australian stock exchange on Monday:
BHP – BHP BILLITON LTD – down 68 cents at $31.52
BHP Billiton has committed $US845 million ($A832.47 million) to opening a new mine at its Illawarra Coal business in NSW.
DOW – DOWNER EDI – down eight cents at $3.12
FMG – FORTESCUE METALS GROUP LTD – up 12 cents at $4.91
Engineering firm Downer EDI has won a $73 million contract to build locomotives for iron ore miner Fortescue Metals Group.
FMG – FORTESCUE METALS GROUP LTD – up 12 cents at $4.91
Fortescue Metals Group has lodged a High Court challenge to the federal government’s mining tax.
FXJ – FAIRFAX MEDIA LTD – down one cent at 58 cents
Nationals senator Barnaby Joyce does not believe mining billionaire Gina Rinehart should be forced to sign an editorial charter of independence after buying her stake of Fairfax Media.
QAN – QANTAS AIRLINES LTD – down two cents at $1.12
Qantas won’t go under if rival Etihad expands into the local market but tough choices have to be made about the Australian airline’s future, Shadow Treasurer Joe Hockey says.
SDL – SUNDANCE RESOURCES LTD – up 2.5 cents at 36 cents
The families of some of the Sundance Resources directors who were killed in a plane crash en route to the company’s West African iron ore project have launched legal proceedings against the firm.
WBC – WESTPAC BANKING CORPORATION – down 23 cents at $20.75
LLC – LEND LEASE GROUP – up two cents at $7.28
Westpac and financial services firm KPMG will be the main tenants at the controversial Barangaroo development on Sydney Harbour.
WPL – WOODSIDE PETROLEUM LTD – down 72 cents at $31.36
Woodside Petroleum has let lapse a supply agreement for its Browse project worth up to $45 billion.
