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


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.

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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.

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