TP05/063
The Takeovers Panel (the Panel) has today, published its reasons for its decision in relation to an application by Glencore International A.G. and Fornax Investments Limited (together, Glencore) received on 12 July 2005 for review of the Panel's decision in the Austral Coal 03 Proceedings in relation to the affairs of Austral Coal Limited (Austral). The President of the Panel declined to consent to the application for review.
Details of the Panel's decision were announced on 15 July 2005 in Panel media release TP05/53. This release is available on the Panel's website at: Media Releases.
The President of the Panel for the purpose of this matter was Ian Ramsay.
The reasons of the Panel are available of the Panel's website at: Reasons for Decisions.
Nigel Morris
Director, Takeovers Panel
Level 47, 80 Collins Street
Melbourne, VIC 3000
Ph: +61 3 9655 3501
