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FINWIRES

Emerald Resources Shareholder BlackRock Group Cuts Stake

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-- Emerald Resources (ASX:EMR) shareholder BlackRock Group has reduced its stake in the company to about 54.7 million shares from 62.3 million shares, according to a Friday filing with the Australian bourse.

The reduction lowers BlackRock's voting power in the company to about 8.3% from roughly 9.5%, per the filing.

Shares of Emerald Resources gained 1% in recent Friday trade.

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