Stocks to watch on the Australian stock exchange on Friday, Jan 17:
FMG - FORTESCUE METALS GROUP - up 20 cents, or 3.75 per cent, at $5.53
DUE - DUET GROUP - in a trading halt, last traded at $2.06
MND - MONADELPHOUS GROUP - up eight cents, or 0.48 per cent, at $16.65
Iron ore miner Fortescue says the construction of a new $178 million gas pipeline to its Pilbara operations, will reduce operating costs and open up long-term growth opportunities.
RIO - RIO TINTO - up $1.34, or 2.09 per cent, at $65.58
Rio Tinto has achieved record iron ore production and shipments in 2013.
WCB - WARRNAMBOOL CHEESE AND BUTTER - up 12 cents, or 1.29 per cent, at $9.40
BGA - BEGA CHEESE - up one cent, or 0.22 per cent, at $4.62
Bega Cheese will sell its 18.8 per stake in Warrnambool Cheese and Butter to Canadian dairy giant Saputo, putting Saputo in prime position to win the takeover battle for WCB.
WPL - WOODSIDE PETROLEUM - up $1.00, or 2.66 per cent, at $38.63
Energy giant Woodside Petroleum collected less revenue in 2013 despite achieving record oil and gas production.