30 Jun 2005

Australian mining company lists on PNG stock exchange

10:21 am on 30 June 2005

An Australian mining company is examining the potential for exploring in Papua New Guinea for high grade limestone.

The managing director of Minerals Corporation Limited's Charles Alexander said this yesterday when the company was officially listed with the Port Moresby Stock Exchange.

It already has more than 20,000 investors who have bought shares.

MCL runs a Kaolin China clay mine for North Queensland.