Asciano, BHP Billiton, Newcrest, Rio, Santos: Australian Stock 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 rose 0.4 percent to 4,490 as of 6:59 a.m. in Sydney. The Bank of New York Australia ADR Index gained 0.2 percent. The S&P/ASX 200 Index increased 0.3 percent to 4,497.40.

Mining shares: Copper prices fell for the first time in seven sessions, declining 0.5 percent to $3.2065 a pound in New York.

BHP Billiton (BHP AU), the world’s largest mining company, dropped 0.2 percent to A$39.75 in Sydney. Its American depositary receipts declined 0.1 percent in New York trading. Rio Tinto Group (RIO AU), the world’s third-largest mining company, fell 0.2 percent to A$70.09 in Sydney.

Oil companies: Crude oil for September delivery decreased 1.9 percent to settle at $77.50 a barrel on the New York Mercantile Exchange, the biggest decline since July 1.

Woodside Petroleum Ltd. (WPL AU), Australia’s second- largest oil and gas producer, fell 0.4 percent to A$41.96. Rival Santos Ltd. (STO AU) dropped 0.4 percent to A$13.79.

Gold producers: Gold futures for December delivery fell 2.1 percent to $1,161.80 an ounce in New York, the lowest settlement for a most-active contract since April 26.

Newcrest Mining Ltd. (NCM AU), Australia’s biggest gold producer declined 0.9 percent to A$33.06.

Alinta Energy Ltd. (AEJ AU): Alinta’s debt holders have tripled to about 30, and include asset manager Citadel, hedge fund Perry Capital and Och-Ziff Capital Management Group, the Australian Financial Review reported, without saying where it got the information. Alinta shares climbed 3.5 percent to 6 Australian cents.

Asciano Group (AIO AU): Asciano is opposing a bid by 16 Queensland coalminers to join with a unit of its competitor, QR National, to use railway infrastructure associated with a proposed coal export terminal, the Australian newspaper reported. The report cited the company’s Access and Regulation Manager Stuart Ronan. Asciano, Australia’s largest port and rail operator, increased 2.1 percent to A$1.71.

Cabcharge Australia Ltd. (CAB AU): The operator of Australia’s largest taxi payment system was raised to “neutral” from “underweight” at JPMorgan Chase & Co. Cabcharge declined 0.2 percent to A$4.58.

To contact the reporters for this story: Lisa Pham in Sydney at lpham14@bloomberg.net. Shani Raja in Sydney at sraja4@bloomberg.net.

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