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UK Stocks-Factors to watch on July 3

Britain's FTSE 100 index is seen opening 6 points higher at 6,246 on Friday, according to financial bookmakers. * RIO TINTO: Rio Tinto cut estimated reserves at its underground copper mine extension in Mongolia and confirmed it would face delays and higher costs after ground instability forced it to redesign its mine plan. * RIO TINTO: Turquoise Hill Resources Ltd said it has decided to defer further discussions on any interim funding arrangements with Rio Tin

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