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Rio Tinto shines anew in India

Mineweb | April 7, 2011 | 11:30 pm Top Companies Asia Iron Ore

Australian mining giant Rio Tinto has received the green signal to undertake mining activities in India, with the Orissa government granting a proposal for a fresh agreement on Thursday, April 7.

State-run Orissa Minerals Development Company (OMDC), a part of the Bird Group of Companies under the Indian government’s ministry of steel had been in discussions with the world’s biggest mining company, Rio Tinto, for a joint venture in the state for some time now.