No Objection Raised to Xstrata’s Aquisition of MIM Holdings

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No Objection Raised to Xstrata’s Aquisition of MIM Holdings

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