Anaconda Nickel Limited 16-17 - Panel decides dispersal of excess shares, Anaconda Nickel Limited 18 - Appeal from decision in Anaconda 16-17

On Friday 07 March 2003, the Sitting Panel in the Anaconda 16-17 proceedings advised parties that it had decided to make a declaration of unacceptable circumstances in relation to the affairs of ANL. It also provided draft orders requiring dispersal of the Excess Shares in Anaconda subscribed for by MP Global (under the Corporations Act the Panel must provide draft orders to affected persons for comment prior to making the order).