Aus Diplomat to meet Naveen over Rejection of JV with Rio Tinto

Aus Diplomat to meet Naveen over Rejection of JV with Rio Tinto

Date:

TNI Bureau: Australian diplomat and High Commissioner Peter N Varghese would meet Odisha Chief Minister Naveen Patnaik and Chief Secretary B K Patnaik today during his three-day visit to the state after the Odisha Mining Corporation (OMC) rejected 17-year-old joint venture with Rio Tinto, the Australian company, terming the project as not being lucrative.

- Advertisement -

Varghese will be accompanied by Sam Walsh, Chief Executive Iron Ore and Australia Executive Director, Rio Tinto. The Australian mining major is looking forward to revive the Rs11, 000-crore pact, which was signed with the OMC  in 1995 for development of Gandhamardhan and Malangtoli iron ore reserves in Keonjhar and Sundergarh districts.

Share post:

Popular

More like this
Related

TNI Business News Beat – July 13, 2026

▶️ FPIs Turn Buyers: Foreign Portfolio Investors (FPIs) reversed...

TNI Business News Beat – July 10, 2026

▶️ ADB Cuts India Growth Forecast: The Asian Development...

TNI Business News Beat – July 9, 2026

▶️ Tata Auto Eyes $100 Billion: Tata Group expects...

TNI Business News Beat – July 8, 2026

▶️ India Makes EXIM Containers: India launched its first...