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BHP, Linc, Mirvac, Silex, Woodside: Australian Stock Preview

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Aug. 9 (Bloomberg) -- The following is a list of companies whose shares may rise or fall in Australia. This preview includes news announced after markets closed on Aug. 6. All prices are from that day’s close unless otherwise stated.

The S&P/ASX 200 Index futures contract due in September dipped 0.3 percent to 4,515 as of 6:59 a.m. in Sydney. The Bank of New York Australia ADR Index advanced 0.2 percent. The S&P/ASX 200 Index was little changed at 4,566.10.

Mining shares: Copper fell for the second straight day after a government report showing U.S. companies added fewer jobs in July than economists forecast added to signs of fragile economic growth in the world’s second-biggest metal user.

BHP Billiton (BHP AU), the world’s largest mining company, advanced 0.7 percent to A$41.13 in Sydney. Its American depositary receipts gained 0.6 percent in New York trading.

Rio Tinto Group (RIO AU), the world’s third-largest mining company, rose 0.3 percent to A$73.20 in Sydney.

Oil companies: Crude oil fell for a third day as the U.S. jobs report bolstered concern that economic growth in the world’s biggest oil-consuming country is slowing.

Woodside Petroleum Ltd. (WPL AU), Australia’s second-largest oil and gas producer, slipped 0.5 percent to A$42.31.

BHP and Woodside are among oil producers in Australia set to sign a pact to provide aid in the event of an oil spill in the nation’s waters, the Australian Financial Review reported.

Fairfax Media Ltd. (FXJ AU): The media company will formally consider a strategic review of management and structural changes after a report for the newspaper publisher was prepared by Bain & Co., the Australian newspaper reported. Fairfax shares gained 1 percent to A$1.49.

Iron Ore Holdings Ltd. (IOH AU): The Perth-based company said Matt Rimes has resigned as managing director for personal reasons. The company will commence a search for a new chief executive officer or managing director immediately, it said. The shares climbed 3.1 percent to A$1.65.

JB Hi-Fi Ltd. (JBH AU): Australia’s second-largest electrical Retailer, reported full-year net income of A$118.7 million ($109 million). Its shares declined 0.9 percent to A$19.55.

Linc Energy Ltd. (LNC AU): The Australian clean fuel company may seek a partner to help develop its proposed commercial coal gas-to-liquids plant amid surging construction costs. Linc Energy shares rose 2.7 percent to A$1.92.

Mirvac Group (MGR AU): Chief Executive Officer Nick Collishaw expects to see more takeovers among Australian listed property trusts, the Australian newspaper reported, citing an interview with Collishaw. Mirvac shares dropped 0.7 percent to A$1.355.

Silex Systems Ltd. (SLX AU): The Australian research and development company had its rating raised to “buy” from “hold” by analysts at Royal Bank of Scotland Group Plc. Silex shares gained 0.2 percent to A$4.94.

Whitehaven Coal Ltd. (WHC AU): Whitehaven’s largest single shareholder First Reserve Corp. and Alpha Natural Resources Inc. are considering a joint buyout worth at least A$3 billion for the coal company, the Australian newspaper reported, without saying where it got the information. Whitehaven shares rose 1 percent to A$6.13.

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

To contact the editor responsible for this story: Darren Boey at dboey@bloomberg.net.

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