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Mercator scouting for a JV partner for Mozambique mine

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  • Published On: September 13, 2010
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After acquiring assets in Indonesia and Mozambique in 2008, shipping major Mercator Lines is now scouting for a strategic partner for its mine in Mozambique to help get mining capabilities and share development costs of $50-100 million. While the shipping company is open to diluting stake in Mozambique mine, it is looking at more assets in Indonesia.
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