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An executive briefing on mining for July 2, 2007, prepared by Asia Pulse (http://www.asiapulse.com), the real-time, Asia-based wire with exclusive news, commercial intelligence and business opportunities.
TERRITORY RESOURCES SHARES SLUMP 15 PCT IN AUSTRALIA
PERTH - Shares in Territory Resources Ltd (ASX:TTY) have slumped more than 15 per cent, as the market provided its verdict on the iron ore miner's tilt for manganese producer Consolidated Minerals Ltd (ASX:CSM).
Territory shares, which have been in a trading halt since Wednesday, dipped 23.5 cents or 15.82 per cent to close at .25 ($US1.06).
RIO TINTO SHIPS IRON ORE BLEND TO JAPAN
MELBOURNE - Rio Tinto Ltd (ASX:RIO) has shipped the first of its Pilbara Blend (PB) iron ore, a product comprising a mix of existing Brockman and Marra Mamba iron ores mined from nine of its 11 operating Australian mines.
On 22 June the first shipment of 30,000 tonnes of PB Fines was loaded onto the ship Shin-Zui, which is expected to anchor off Nippon Steel's plant at Yowata tomorrow, and be unloaded on July 4.