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South Africa Stocks: Billiton, AngloGold, ArcelorMittal, Exxaro

The FTSE/JSE Africa All Share Index rose for the first day in six, gaining 267.39 points or 0.9 percent, to 28,658.57 by the 5 p.m. close in Johannesburg. The market was closed yesterday for a public holiday. The index fell 3 percent on Aug. 8, taking the market to an 11-month low.

The following were among the most active stocks in the South African market today.

AngloGold Ashanti Ltd. (ANG SJ), Africa’s largest gold producer, gained the most since May 2009, adding 24.26 rand, or 8.2 percent, to 318.96 rand. Gold gained after the U.S. Federal Reserve pledged to keep its benchmark interest rate at a record low through at least mid-2013, boosting demand for the metal as a haven investment.

Gold Fields Ltd. (GFI SJ), Africa’s second-biggest producer, rose the most since October 2009, advancing 6.83 rand, or 6.5 percent, to 112.50 rand.

Harmony Gold Mining Co. (HAR SJ), Africa’s third-largest gold producer, gained for the first day in four, adding 7.59 rand, or 8.2 percent, to 100.29 rand.

ArcelorMittal South Africa Ltd. (ACL SJ), Africa’s largest steelmaker, closed at its lowest level since November 2005, dropping 1.41 rand, or 2.3 percent, to 59.49 rand. The company said a “structural failure” at the gas cleaning plant of its Newcastle operation in South Africa has rendered its blast furnace inoperable.

Bell Equipment Ltd. (BEL SJ), a manufacturer of handling machinery, rose 30 cents, or 2.2 percent, to 14 rand. Net income for the six months to June 30 increased to 103.3 million rand ($14.6 million) from 8.3 million rand a year earlier, the company said.

BHP Billiton Ltd. (BIL SJ), the world’s biggest mining group, rallied the most since Feb. 2, adding 6.76 rand, or 3.2 percent, to 218.69 rand, as the price of lead, nickel, tin and zinc rallied.

Exxaro Resources Ltd. (EXX SJ), the coal miner that exports about 38 percent of its production, rose for the first day in six, gaining 6 rand, or 3.8 percent, to 165 rand. China’s coal imports from South Africa rose 22 percent in July to 1.27 million metric tons, according to India Coal Market Watch, published by online trading company mjunction Services Ltd.

Naspers Ltd. (NPN SJ), Africa’s largest media company, dropped to the lowest price since September, falling 13.87 rand, or 4.1 percent, to 322.60 rand. Tencent Holdings Ltd., in which Naspers has a 35 percent stake, missed analyst estimates for second-quarter profit.

Sappi Ltd. (SAP SJ), the world’s largest maker of glossy paper, slumped 90 cents, or 3.5 percent, to 25.20 rand, the lowest close since July 2009. While Sappi reported a surprise loss on Aug. 4 of an adjusted 13 U.S. cents per share for the fiscal third quarter through June, Montreal-based competitor AbitibiBowater Inc. today posted a profit for the period versus a year-earlier loss.

Uranium One Inc. (UUU SJ), a Vancouver-based producer of the nuclear fuel, rose the most since March 22, gaining 2.94 rand, or 15 percent, to 22.39 rand. The company said net income increased to $29.7 million during the three months to June 30, from $5.4 million in the same period a year earlier.

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