BHP, Domino's, NAB, Newcrest, Orica, Woodside: Australian Equity Preview

The following is a list of companies whose shares may rise or fall in Australia. This preview includes news announced after markets closed yesterday. All prices are from yesterday’s close unless otherwise stated.

The S&P/ASX 200 Index futures contract due in September gained 0.6 percent to 4,237 as of 6:59 a.m. in Sydney. The Bank of New York Australia ADR Index was little changed. The S&P/ASX 200 Index declined 1.5 percent to 4,237.50.

Mining shares: Australian Prime Minister Julia Gillard announced an agreement with mining companies on a new tax, striking a compromise to end a dispute that cost her predecessor his job. Under the new proposal, Australia will charge a 30 percent mineral resource rent tax, down from the previously proposed 40 percent.

BHP Billiton (BHP AU), the world’s largest mining company, lost 1.4 percent to A$37.11 in Sydney. Its American depositary receipts climbed 0.7 percent in New York trading. Rio Tinto Group (RIO AU), the world’s third-largest mining company, retreated 2.3 percent to A$65.10 in Sydney.

Copper futures fell to a three-week low after reports signaled slowing growth in the U.S. and China. Separately, BHP and Rio received dents to their growth plans as Australia’s competition tribunal ruled they must share some of their Western Australian rail lines with rivals, analysts said.

Oil companies: Crude oil tumbled 3.5 percent in New York on concern economic growth in the U.S. and China will slow.

Woodside Petroleum Ltd. (WPL AU), Australia’s second- largest oil and gas producer, gained 0.5 percent to A$42.03, and rival Santos Ltd. (STO AU) declined 1.9 percent to A$12.36.

Gold producers: Gold futures fell the most since February on signs that Europe’s financial industry may be in better shape than investors estimated. Newcrest Mining Ltd. (NCM AU), Australia’s largest gold producer, advanced 0.8 percent to A$35.37.

Domino’s Pizza Enterprises Ltd. (DMP AU): The pizza company was rated “neutral” in new coverage at UBS AG. The shares rose 1 percent to A$5.28.

National Australia Bank Ltd. (NAB AU): The lender received approval from New Zealand’s Overseas Investment Office to buy Axa Asia Pacific Holdings Ltd.’s assets, the Australian Financial Review reported, citing a statement from Auckland- based law firm Russell McVeagh. NAB shares lost 1.1 percent to A$23.03.

Orica Ltd. (ORI AU): The explosives manufacturers and Incitec Pivot Ltd. (IPL AU) plan more investment in Western Australia’s Pilbara region amid growing demand, the Australian Financial Review reported, citing John Beevers, chief executive of mining services. Orica shares fell 1.5 percent to A$24.82. Incitec slumped 3.7 percent to A$2.63.

To contact the reporters for this story: Shani Raja in Sydney at sraja4@bloomberg.net.

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