The Crest of the Commonwealth of Australia Treasury Portfolio Ministers
Picture of Peter Costello

Peter Costello

Treasurer

11 March 1996 - 3 December 2007

Media Release of 12/04/2002

NO.015

NO OBJECTION RAISED TO MITSUI'S ACQUISITION OF REMAINING INTEREST IN MOURA MINE

I have decided to raise no objections under the Government's foreign investment policy to a proposal by Mitsui Moura Investment Pty Ltd or MMI No. 3 Ltd (Mitsui) to acquire Coal & Allied Industries Limited's 55 percent interest in the Moura Mine in Queensland. The proposal would provide Mitsui with an 100% holding.

Under the Foreign Acquisitions and Takeovers Act, proposals will be approved unless contrary to the national interest.

CANBERRA
12 April 2002