indian govt lignite hunting in oz!

http://articles.economictimes.indiatimes.com/2012-04-16/news/31349633_1_nlc-neyveli-lignite-corporation-gadgil-formula

'Ansari said NLC has decided to acquire functional coalfields in countries like Australia and South Africa and added that an official team would soon leave for these countries to inspect them.'

Who are NLC?

http://en.wikipedia.org/wiki/Neyveli_Lignite_Corporation

'Neyveli Lignite Corporation Limited (NLC) is a government-owned lignite mining and power generating company in India.

NLC operates the largest open-pit lignite mines in India, presently mining 24 MT of lignite and has an installed capacity of 2740 MW of electricity.'

Local investors have not absorbed what is going on with Vic brown coal. Global predators have.

What an interesting time to hold MNM shares.