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Precious Metals Australia Limited - 22-Apr-05

Xstrata will pay PMA $0 million within 14 days, comprising $5 million, due to PMA as royalty payments until the final rehabilitation of the Windimurra site (under a previous agreement between Xstrata and PMA), and until the final rehabilitation of the Windimurra site (under a previous agreement between Xstrata and PMA), and AUD5 million in full and final settlement of all outstanding claims by PMA relating to the Windimurra project.

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