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Murchison ups interest in Midwest to 10 pct

Sun May 25, 2008 8:26pm EDT

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SYDNEY, May 26 (Reuters) - Murchison Metals Ltd (MMX.AX) has increased its voting stake in fellow Western Australia iron ore prospector Midwest Corp MIS.AX to 9.98 percent, according to a shareholder notice filed with the Australian Stock Exchange.

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The stake was increased from 4.78 percent previously.

Murchison failed in an unsolicited offer for Midwest earlier this year, with Midwest subsequently accepting a revised A$1.36 billion ($1.3 billion) offer from China's Sinosteel.

For details see: [nSYD304540]. ($1=A$1.04) (Reporting by James Thornhill)

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