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 28/05/2003

NO.046

NO OBJECTION RAISED TO XSTRATA'S ACQUISITION OF MIM HOLDINGS

I have decided to raise no objections under the Government's foreign investment policy to a proposal by Xstrata Plc to acquire, through a wholly owned subsidiary, all the issued share capital of MIM Holdings Ltd.

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


28 May 2003
CANBERRA

Contact:
David Alexander
02 6277 7340