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australia.flag.jpg Australian mining firm looking for Indian partners

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SME Times News Bureau | 24 Apr, 2010
Lincoln Minerals is looking for Indian partners for four mining projects in Australia, a top company official said on Friday.

"We are in talks with four to five companies in Mumbai and Kolkata for partnering for mining projects in Australia," company managing director John Parker told reporters in Kolkata.

He declined to name any of these companies.

The projects include iron ore, manganese and uranium mining.

He said the company had tied up with Bangalore-based Mineral Enterprises Limited for one mining project. But the company sold off its 40 percent stake to Lincoln Minerals Limited for Australian $5.7 million after the financial meltdown last year. 
 
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