BHP, Chemspec, Dorbyl, Omnia Holdings: South African Equity Market Preview

The following stocks may rise or fall in South Africa today. Symbols are in parentheses and prices are from the last close.

The FTSE/JSE Africa All Share Index declined 179.01, or 0.6 percent, to 30,792.87 at the 5 p.m. close in Johannesburg.

BHP Billiton Ltd. (BHP) : The world’s biggest mining company said the estimated cost of its share of the Worsley Efficiency and Growth aluminum project in Australia has increased to $2.995 billion and first production has been delayed until the first quarter of 2012. In a separate stock exchange statement, the company said it approved a further $488 million investment in the Jansen Potash Project in Canada. The shares dropped 6.14 rand, or 2.4 percent, to 246.46 rand.

Chemspec Specialties Ltd. (CSP SJ): The paint seller said its loss widened to 110.2 million rand for the year ended March 31, from 39.7 million rand the year before. The shares rose 2 cents, or 5.7 percent, to 37 cents.

Dorbyl Ltd. (DLV) : The mechanical engineering company reports earnings for the year ended March 31. The shares were unchanged on 2.65 rand.

Freeworld Coatings Ltd. (FWD) : The maker of paint and coatings reports earnings for the six months ended March 31. The shares dropped 47 cents, or 4.5 percent, to 10.01 rand.

Omnia Holdings Ltd. (OMN) : the company, which produces and distributes fertilizers and explosives, reports earnings for the year ended March 31. The shares dropped 70 cents, or 0.9 percent, to 76.23 rand.

Wescoal Holdings Ltd. (WSL) : The coal miner reports earnings for the year ended March 31. Its shares fell 2 cents, or 2.4 percent, to 83 cents.

To contact the reporter on this story: Robert Brand in Cape Town at rbrand9@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net

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