Press Release - No Objection Raised To Mitsui's Acquisition Of Remaining Interest In Moura Mine [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