Austral Coal Limited - Panel Declines to Make a Declaration of Unacceptable Circumstances
The Panel announces that it has declined to make a declaration of unacceptable circumstances in relation to the application Glencore International AG and a company controlled by Glencore, Fornax Investments Ltd (together Glencore), in relation to the affairs of Austral Coal Ltd (Austral Coal) and the scrip takeover offer for Austral by Centennial Coal Company Ltd. (Centennial).