PRE-MARKET AUSTRALIAN STOCK NEWS: Australia PM Turnbull confirmed on Friday that Australia will be exempted from steel and aluminium tariffs; WTI rose over 3%

Atlas Iron (AGO AT)
– Co. is planning to export manganese and announced a mining agreement with Horseshoe Manganese Pty. (Newswires)

Newcrest Mining (NCM AT)
– Co. expects to downgrade production and cost guidance after Cadia mine operations were stopped due to a dam breach. (The Australian)

Rio Tinto (RIO AT)
– Indonesian coal giant PT Adaro Energy Tbk is said to be a latecomer bidder for Co.’s Queensland coal portfolio. (AFR)

Sundance Energy (SEA AT)
– Co. shares have been halted ahead of pending transaction and capital raising. (Newswires)

Financials
– ACCC is to deliver its mortgage pricing inquiry report this week alongside the royal commission’s first public scrutiny round on banks. (SMH)

Basic Materials / Energy
– Australia PM Turnbull confirmed on Friday that Australia will be exempted from steel and aluminium tariffs. (Newswires)
– WTI crude futures rose over 3% on Friday to above USD 62/bbl.

(Newswires)