Stocks to watch on the Australian stock exchange on Tuesday, May 29
BHP - BHP BILLITON LTD - up 44 cents at $32.05
A mining giant will not comment on rumours it is considering locking out striking workers amid a bitter industrial dispute in central Queensland.
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FXJ - FAIRFAX MEDIA LTD - up two cents at 64.5 cents
Mining magnate Gina Rinehart is believed to have lifted her stake in Fairfax Media and questioned the abilities of the company’s chairman Roger Corbett in the process.
HST - HASTIE GROUP LTD - in suspension, last traded at 16 cents
Fears are held for the jobs of 2,700 Australian workers stood down from troubled engineering firm Hastie Group, but the administrator hopes most will return to work.
OZL - OZ MINERALS LTD - up 19 cents at $8.31
The head of Australia’s third-largest copper producer, Oz Minerals, has predicted that prices for the commodity will return to record highs as a lack of new discoveries leads to a supply shortage this year.
Read more at The Sydney Morning Herald