jindal to continue bid, page-8

Actually I just found this clause, so the FIRB would still need to approve the sale, which from what I have read will not be a problem based on the size of the company, the suitors (non government owned) and location of tenements:

Mining Tenements

42. The acquisition of a mineral right, mining lease, mining tenement or production licence will require foreign investment approval if it involves acquiring an interest in Australian urban land as defined by section 12A of the FATA, including:

an interest in a lease or licence giving rights to occupy Australian urban land where the term of the lease or licence (including any extension) is reasonably likely, at the time the interest is acquired, to exceed 5 years (s12A(1)(c)); or

an interest in an arrangement involving the sharing of profits or income from the use of, or dealings in, Australian urban land (s12A(1)(d)).

43. Approval is not required if the lease or licence is acquired from the Commonwealth, a State or Territory, or a local governing body (s12A(7))