Australia, N.Z. Stocks: BHP Billiton, Woodside, Iluka, IOOF

Australia’s S&P/ASX 200 Index fell 0.3 percent to 4,280.7 at the close of trading in Sydney. New Zealand’s NZX 50 Index declined 0.4 percent to 3,269.95 in Wellington.

The following were among the most active shares in the market today. Stock symbols are in parentheses after company names.

Beadell Resources Ltd. (BDR) jumped 8 percent to 74 Australian cents after the gold miner said it will seek a partner to help unlock the value of its iron-ore resources.

BHP Billiton Ltd. (BHP) fell 0.1 percent to A$36.99. The world’s largest miner may trim some of its assets and products in the next decade. The company’s portfolio may change as it increases spending on shale gas, iron ore, coking coal and potash, Chief Executive Officer Marius Kloppers said in an interview published today in the Australian newspaper and confirmed by BHP.

Hallenstein Glasson Holdings Ltd. (HLG) fell 0.9 percent to NZ$3.50 after the New Zealand clothing retailer said earnings up to the end of November were “slightly ahead” of the year earlier.

IOOF Holdings Ltd. (IFL) fell 2.4 percent to A$5.66 after the fund manager had its recommendation cut to “hold” from “buy” at Goldman Sachs Australia Pty. The downgrade follows an increase in the stock, analysts led by Ryan Fisher said in a report.

Iluka Resources Ltd. (ILU) jumped 5.6 percent to A$16.68 after concluding talks with customers to raise prices. The company expects to achieve an increase of as much as 85 percent in the price of rutile in the first half of 2012, while synthetic rutile may rise as much as 90 percent.

Intrepid Mines Ltd. (IAU) surged 8.6 percent to A$1.39. The precious metals explorer was the biggest gainer in the benchmark index after increasing the estimated resource at its Tujuh Bukit project in Indonesia by 72 percent.

Leighton Holdings Ltd. (LEI) rose 1.4 percent to A$21.77 after Australia’s biggest builder won a A$146 million construction project in Western Australia state.

Sanford Ltd. (SAN NZ) slumped 8.9 percent to NZ$3.89 after New Zealand’s second-biggest fishing company was indicted by a federal grand jury in Washington on charges that a crew of a vessel it operated illegally dumped waste at sea and tried to cover it up. Sanford “will be vigorously defending all the charges,” it said in a statement to the stock exchange.

Woodside Petroleum Ltd. (WPL) fell 2.3 percent to A$32.90 after Australia’s second-largest oil producer said partners in the North West Shelf project agreed to the first development phase of the Greater Western Flank project of the nation’s coast. Total investment in the phase will be A$2.5 billion.

To contact the reporter on this story: Robert Fenner in Melbourne at rfenner@bloomberg.net

To contact the editor responsible for this story: Nick Gentle at ngentle2@bloomberg.net

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