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Pallinghurst Resources Australia Ltd., seeking to win control of Australia's largest manganese producer, matched a $1.03-billion Australian ($905-million Canadian) offer for Consolidated Minerals Ltd. from Palmary Enterprises Ltd. The offer, one of three competing bids for Consolidated, was raised to $4.50 Australian a share in cash from $4.10, Pallinghurst said. Pallinghurst and Palmary are battling for control of 10 per cent of the world's high-grade manganese, which is used to make steel. The contest has doubled Consolidated's market value since the first bid was submitted on Feb. 23. CSM (Sydney) rose 1 cent Australian to $4.79 Australian.

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