"MONTREAL - An Indian consortium has made an offer to buy one of Canada's last remaining asbestos mines and extend its life.

The group made a bid last Thursday to purchase the cash-strapped Jeffrey Mine in the Quebec town of Asbestos.

Jeffrey president Bernard Coulombe confirmed Tuesday that he received a pitch, but would not say how much the consortium has put on the table."

The Canadian Press had the story October 12, 2010. [2]