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24 Aug 2011

Clayton Utz advising Minara Resources on Glencore takeover offer

Perth, 24 August 2011: Clayton Utz is advising ASX-listed nickel producer Minara Resources Limited in connection with Glencore Investment's (a wholly owned subsidiary of Glencore International plc) off-market takeover offer for the remaining 27% of shares that it does not currently own in Minara Resources.

Glencore has offered minority shareholders in Minara Resources A$0.87cents per share and has valued Australia's second largest producer of nickel, and one of the top 10 nickel producers in the world, at A$1.02 billion.

Clayton Utz Perth Corporate/M&A partner Mark Paganin led the firm's team with support from partner Heath Lewis, senior associate Brett Cohen, and lawyer Matthew Watkins.

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Clayton Utz communications are intended to provide commentary and general information. They should not be relied upon as legal advice. Formal legal advice should be sought in particular transactions or on matters of interest arising from this communication. Persons listed may not be admitted in all States and Territories.