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BHP, Platinum Australia, Transpacific: Australian Stock Preview

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Nov. 2 (Bloomberg) -- The following is a list of companies whose shares may rise or fall in Australia. This preview includes news announced after markets closed. All prices are from yesterday’s close unless otherwise stated.

The S&P/ASX 200 Index futures contract due in December slipped 0.4 percent to 4,683 as of 6:59 a.m. in Sydney. The Bank of New York Australia ADR Index gained 1.1 percent. The S&P/ASX 200 Index climbed 0.8 percent to 4,698.50.

Mining shares: Copper futures for delivery in December rose 1.4 percent to close $3.785 a pound at 1:13 p.m. in New York, the biggest gain since Oct. 25.

BHP Billiton Ltd. (BHP AU), the world’s largest mining company, rose 0.9 percent to A$42.30 in Sydney. Its American depositary receipts gained 0.9 percent in New York trading.

Rio Tinto Group (RIO AU), the world’s third-biggest miner, advanced 0.4 percent to A$82.99 in Sydney.

Rio’s cost to expand its iron-ore operations in Western Australia’s Pilbara region may be about 30 percent higher than previous growth projects, the Australian Financial Review said, citing comments from Sam Walsh, chief executive officer of Rio’s iron-ore business.

Oil producers: Crude oil for December delivery rose 1.9 percent to $82.95 a barrel in New York, the highest settlement since Oct. 18.

Woodside Petroleum Ltd. (WPL AU), Australia’s second-biggest oil and gas producer, rose 0.7 percent to A$43.79. Santos Ltd. (STO AU) climbed 0.7 percent to A$12.71.

National Australia Bank Ltd. (NAB AU): The nation’s biggest business lender plans to sell seven-year bonds in pounds, according to a person with knowledge of the sale. Barclays Capital and Royal Bank of Scotland Group Plc are managing the sale with NAB, the person said. National Australia Bank rose 1.7 percent to A$25.89.

Platinum Australia Ltd. (PLA AU): The owner of mines in South Africa and Australia was downgraded to “underperform” from “neutral” by analysts at Macquarie Group Ltd. The stock surged 4.6 percent to 69 Australian cents.

Transpacific Industries Group Ltd. (TPI AU): Transpacific’s potential bid for the New South Wales Government’s waste-management business WSN Environmental Solutions may be funded by an equity raising organized by Macquarie Capital, the Australian Financial Review said. Transpacific, the biggest waste company in Australia and New Zealand, gained 1.6 percent to A$1.25.

To contact the reporter 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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