PRE-MARKET AUSTRALIAN STOCK NEWS: A consortium including buyout firm Apollo is reportedly bidding for Rio Tinto's coal assets

Chorus (CNU AT)
- Co. quarterly total fixed line connections declined to 1.58mln vs. Prev. 1.60mln Q/Q. (Newswires)

Rio Tinto (RIO AT)
- A consortium including buyout firm Apollo is reportedly bidding for Co.’s coal assets. (AFR)

Westpac (WBC AT)
- Westpac is alleged to have sold its own customers overpriced life insurance products, according to a class action legal case. (The Australian)

Health Insurers
- Australian Health Minister Hunt is to release reform plans for the health insurance sector which could save over AUD 1.5bln for the private insurance business over next 4 years. (The Australian)

Basic Materials / Energy
- Gold traded relatively flat around USD 1290/oz.
- WTI crude fell 2.0% to USD 50.30/bbl, but then pared some losses post-settlement.
- Iron Ore rose 1.5%.

12 Oct 2017 - 23:08- MetalsResearch Sheet- Source: Newswires

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