stock market update australia

Todays australian stock market Update

 

CBH - CBH RESOURCEST LTD - down one cent, or 4.7 per cent, at 20.5 cents

CBH Resources says one if its suitors, Nyrstar NV, has told the lead, zinc and silver producer it does not intend to change its takeover proposal to it.

BHP - BHP BILLITON LTD - up three cents at $42.83

BHP Billiton has unveiled a mixed third quarter production report, with record year-to-date production in key divisions, but poor output from its Olympic Dam mine in South Australia.

BHP Billiton says it is cooperating with US authorities in an investigation into possible corruption involving government officials.

CSR - CSR LTD - up 4.5 cents, or 2.7 per cent, at $1.725

CSR says it's still in discussions with Chinese company Bright Food regarding its conditional, non-binding offer to acquire CSR's Sucrogen business.

ERA - ENERGY RESOURCES OF AUSTRALIA LTD - up one cent at $17.51

Energy Resources of Australia says the long term outlook for the uranium market remains strong.

IFE - IRONCLAD MINING LTD - down eight cents, or five per cent, at $1.52

TRF - TRAFFORD RESOURCES LTD - up 4.5 cents, at 5.8 per cent, at 81.5 cents

A Chinese entity plans to take a stake in IronClad Mining and form a joint venture with the Adelaide-based company at its Wilcherry Hill iron ore project in South Australia.

MQA - MACQUARIE ATLAS ROADS GROUP - steady at $1.00

Macquarie Atlas Roads says weighted average traffic and revenue have increased across its portfolio of toll roads in the March quarter.

OST - ONESTEEL LTD - down five cents, or 1.3 per cent, at $3.91

OneSteel says its Whyalla blast furnace cannot be restarted and it may take four weeks until it returns to normal operating levels.

PRC - PIKE RIVER COAL LTD - up eight cents, or ten per cent, at 88 cents

Pike River Coal says it has successfully placed $NZ10 million ($A7.64 million) in shares with institutions as part of previously announced plans to raise $NZ50 million ($A38.21 million).

QAN - QANTAS AIRWAYS LTD - up one cent at $2.91

Qantas flights to the UK and Europe will remain grounded, even though London's Heathrow airport has re-opened five days after an volcanic eruption in Iceland forced a shutdown.

QBE - QBE INSURANCE GROUP LTD - up 13 cents at $21.81

QBE Insurance Group has appointed Terry Ibbotson as global head of distribution.