Newcrest Mining, Aquila, Perseus: Australian, N.Z. Equities
The following were among the most active shares in the market today. Stock symbols are in parentheses after company names.
Commodity stocks: Gold futures rose to a six week high, and iron ore for immediate delivery gained after slumping over 30 percent last month.
BHP Billiton Ltd. (BHP) , the world’s No. 1 mining company and the third largest exporter of iron ore, rose 0.1 percent to A$37.75. Rio Tinto Group (RIO AU), the second-biggest iron ore exporter, gained 1.4 percent to A$69.77.
Newcrest Mining Ltd. (NCM) , Australia’s biggest gold producer, rose 1 percent to A$36.06. The company is raising $1 billion through a U.S. bond sale to diversify funding.
Aquila Resources Ltd. (AQA) , developing iron ore and coal mines, rose 6.9 percent to a three-month high of A$6.65. Aquila said talks are nearing completion with China Development Bank Corp. to fund an iron-ore and port development in Western Australia.
Myer Holdings Ltd. (MYR) fell 4.1 percent to A$2.33. The department-store operator is scheduled to announce first-quarter sales tomorrow, expected to fall around 4.5 percent, according to Deutsche Bank AG.
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