Tuesday, August 01, 2006 CAZALY RESOURCES LIMITED and RIO TINTO Shares in junior explorer Cazaly Resources Ltd soared today after one of Western Australia's top legal minds said the state government did not have the authority to grant Rio Tinto Ltd the contested Shovelanna iron ore prospect, reports Australian Associated Press. Wayne Martin QC, who has recently become WA chief justice, said that in his opinion state resources minister John Bowler was not authorised under the Mining Act 1978 to award Rio Tinto the WA prospect while arguing it was in public interest.
(See Australian Associated Press:
Cazaly shares jump after releasing legal opinion
) Property: SHOVELANNA
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Tuesday, August 01, 2006
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