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Xstrata Coal Proposal Approved (PDF)
Sydney, 24 August 2007
Xstrata Coal announces that the shareholders of Cumnock Coal Limited (“Cumnock”) at a
General Meeting held today approved a proposal to reduce Cumnock’s share capital whereby it
will become a wholly owned subsidiary of Helios Australia Pty Limited, a related body corporate
of Xstrata Coal Pty Limited.
Xstrata Coal Chief Executive, Peter Coates, said, ”We are pleased with today’s result and believe
it mutually beneficial to all Cumnock shareholders.”
“Besides rewarding Cumnock’s shareholders, today’s vote will enable Xstrata Coal to continue
to consolidate its operations in the Hunter Valley while removing the administrative costs
associated with managing a small publicly listed entity.”
END
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