Central picture gets a bit more complicated

THE Central saga is getting a little stranger with mining magnate Clive Palmer electing not to challenge the proposed appointment of industry veteran Richard Cottee or reinstate ousted managing director John Heugh but he is calling for five of Central's six directors to be dumped.

Last week it was believed Palmer and investment vehicle Petroleum Nominees would seek to block the appointment of Cottee while pushing for the reinstatement of Heugh as part of a board shake-up.

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