By Shani Raja
March 23 (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 Friday. Prices are from Friday’s close unless otherwise stated.
The S&P/ASX 200 Index futures contract due in March dropped 0.6 percent to 3,467 at 6:59 a.m. in Sydney. The Bank of New York Australia ADR Index lost 0.9 percent. The S&P/ASX 200 Index slipped 0.4 percent to 3,465.80.
Mining shares: BHP Billiton Ltd. (BHP AU), the world’s largest mining company, advanced 3 percent to A$32.18. The company’s U.S.-traded receipts declined 1.3 percent in New York trading to the equivalent of A$32.23.
Aluminum Corp. of China, known as Chinalco, will get two seats on the board of Rio Tinto Group (RIO AU), according to Rio spokesman Nick Cobban. The world’s third-biggest mining company rose 3 percent to A$46.85.
Macarthur Coal Ltd. (MCC AU): Nathan Tinkler, the Australian investor who sold his 10 percent stake in Macarthur Coal Ltd. in May, said the stock represents “value for money” and won’t rule out a takeover bid, the Australian Financial Review said, citing an interview with Tinkler.
Macarthur Coal jumped 12 percent to A$3.50.
Qantas Airways Ltd. (QAN AU): Australia’s largest airline is set to cut as many as 100 senior executive jobs in a reorganization to cope with a slump in global air travel, the Australian Financial Review said, citing people it didn’t identify. Qantas fell 3.1 percent to A$1.69.
To contact the reporter on this story: Shani Raja in Sydney at sraja4@bloomberg.net.
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