Bloomberg News

Australian, N.Z. Stocks: Aquarius, Brockman Resources, Leighton

December 12, 2011

Dec. 13 (Bloomberg) -- Australia’s S&P/ASX 200 Index fell 1.4 percent to 4,193.30 at 12:34 p.m. in Sydney. New Zealand’s NZX 50 Index dropped 0.3 percent to 3,289.75 in Wellington.

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

Aquarius Platinum Ltd. (AQP AU) slumped 8.4 percent to A$2.51 after Mimosa Mining, a Zimbabwean joint venture between Aquarius and Impala Platinum Holdings Ltd., transferred a 10 percent stake to the community, said Saviour Kasukuwere, the empowerment minister.

Brockman Resources Ltd. (BRM AU) dropped 0.4 percent to A$2.25 after Wah Nam International Holdings Ltd. offered about A$196 million ($199 million) to buy the remaining shares of Brockman Resources Ltd. it doesn’t own.

Decmil Group Ltd. (DCG AU) slipped 2.6 percent to A$2.21 after winning a contract from Fortescue Metals Group to develop an airstrip at an expansion project.

Leighton Holdings Ltd. (LEI AU) decreased 2.3 percent to A$20.77 after its subsidiary John Holland Group won a A$370 million contract to design and construct an accommodation village at Chevron Corp.’s (CVX US) Wheatstone liquefied natural gas project in Western Australia.

Ooh! Media Group Ltd. (OOH AU) gained 5.1 percent to 31 Australian cents after Champ Private Equity agreed to buy the shares it doesn’t already own in Ooh! Media in a deal valuing the Australian outdoor advertising company at A$162.9 million ($164 million).

Orica Ltd. (ORI AU) declined 1.9 percent to A$25.30 after the company resumed ammonium nitrate production at an explosives plant in New South Wales.

--Editor: Joanna Ossinger

To contact the reporter on this story: Ben Sharples in Melbourne at bsharples@bloomberg.net

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


American Apparel's Future
LIMITED-TIME OFFER SUBSCRIBE NOW

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

 
blog comments powered by Disqus