BUZZ-Australia's Iluka Resources rises, cuts bid for Kenmare Resources
** Mineral sands explorer Iluka Resources Ltd (Other OTC: ILKAF - news) rises as much as 4.3 pct
** Lowers bid for Irish titanium miner Kenmare Resources Plc (LSE: KMR.L - news)
** Offers 0.016 Iluka share for each Kenmare share against earlier proposal of 0.036 share
** Stock fourth-biggest percentage gainer on S&P/ASX 100 Index
** On track for best performance since March 24 (Reuters Messaging: shashwat.pradhan.thomsonreuters.com@reuters.net)