The All Ordinaries Index gained 15.8 points to close 0.33% higher at 4773.4.

 Lihir Gold Limited (LGL) ended the day 1.02% lower to close at $2.91 after announcing it has entered into an agreement with Castlemaine Goldfields Limited (CGT) for the sale of the Ballarat Gold Project in Victoria.  The company will receive $4.5m in cash plus an additional 2.5% royalty interest in future production, capped at $50m.  The deal is subject to CGT shareholders approving a $20m equity issue, along with other conditions.

 Fortescue Metals Group Ltd (FMG) ended the day 2.05% lower to close at $4.78 after announcing that the Government of WA has approved the development of green field port facilities at Anketell Point on the West Pilbara coast.  Completion of the project is expected in late 2013 with an initial design capacity of 40Mtpa.

 Major stock rises:

•  CSL Limited (CSL)                                                              $35.68   +2.53%
• Crown Limited (CWN)                                                    $8.28     +2.35%
• Suncorp-Metway Ltd (SUN)                                        $8.69     +2.24%
• News Corporation (NWS)                                             $18.06   +2.03%
• QBE Insurance Group (QBE)                                        $20.50   +1.99%

 Major stock falls:

•  Fortescue Metals Group Ltd (FMG)                         $4.78     -2.05%
• Toll Holdings Limited (TOL)                                           $7.15     -1.24%
• WorleyParsons Limited (WOR)                                   $24.59   -1.13%
• Lihir Gold Limited (LGL)                                                 $2.91     -1.02%
• Telecom Corporation of New Zealand (TEL)         $1.72     -0.86%

Please Note:

This publication has been prepared to provide you with general information only. It is not intended to take the place of professional advice and you should not take action on specific issues in reliance on this information. In preparing this information, we did not take into account the investment objectives, financial situation or particular needs of any particular person. Before making an investment decision, you need to consider (with or without the assistance of an adviser) whether this information is appropriate to your needs, objectives and circumstances. This information is provided for persons in Australia only and is not provided for the use of any person who is in any other country.

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