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Stocks to watch at close on Monday

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Stocks to watch

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AAP

2013-01-07

Stocks to watch on the Australian stock exchange at the close of trade on Monday:

LYC - LYNAS - Up nine cents or 14.4 per cent, at 71.5 cents.

Rare earths miner Lynas expects to be producing finished products from its controversial plant in Malaysia within weeks.

PAG - PRIMEAG AUSTRALIA - up one cent or 0.88 per cent to $1.15.

Rural investor PrimeAg Australia has reached a $2.2 million insurance settlement relating to losses it incurred during the 2011 Queensland floods.

RIO - RIO TINTO - down $1.15, or 1.7 per cent, at $67.40.

Mining giant Rio Tinto is considering halting operations at its alumina refinery in Arnhem Land.

WHC - WHITEHAVEN COAL - down two cents, or 0.57 per cent, at $3.55.

Whitehaven Coal shares fell heavily during local trade on Monday following a hoax announcement on funding for its Maules Creek project.

The shares have since gained back most of the lost ground after Whitehaven said the release was a hoax and the corporate watchdog will investigate the incident.