Resource stocks bounce back

THE end of the working week saw the bulk of resource stocks on the Australian Securities Exchange close higher, with shares in BHP Billiton and Rio Tinto - which fell about 5% in the previous two sessions - making a recovery.

The dismissal of BHP’s appeal to the Federal Court decision regarding its rail lines in Western Australia’s Pilbara is expected to have little impact on any of the stocks involved, analysts told Dow