Stocks to watch on the Australian stock exchange at noon on Tuesday:
AZJ - AURIZON - down 10.5 cents, or 2.1 per cent, at $4.895
Australia's largest rail freight operator Aurizon has struck an 11-year performance based contract to haul coal for a Chinese-owned miner.
BKL - BLACKMORES - up 54.0 cents, or 0.91 per cent, at $59.99
Vitamin maker Blackmores is forecasting a record annual profit after posting a strong earning result for the first nine months of this financial year.
BPT - BEACH ENERGY - down 3.75 cents, or 3.15 per cent, at $1.1525
Beach Energy's sales revenue has plummeted 43 per cent in an environment of tumbling oil prices.
FMG - FORTESCUE METALS GROUP - up 1.5 cents, or 0.58 per cent, at $2.585
BCI - IRON - down 1.5 cents, or 2.83 per cent, at 51.5 cents
MGX - MOUNT GIBSON - up 0.25 cents, or 1.19 per cent, at 21.25
The iron ore price is surging towards $US60 a tonne in a dramatic turnaround from the decade lows it has hit.
VAH - VIRGIN AUSTRALIA HOLDINGS - steady at 52.5 cents
Airline Virgin Australia has announced former Deutsche Asset Management Australia chief executive Elizabeth Bryan as its new chairman.