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 – June 19, 2026

▶️ SBI Plans ₹60,000-Crore Bond Raise: The country's largest...

TNI Business News Beat – June 18, 2026

▶️ US-Iran Interim Pact: The two countries unveiled a...

TNI Business News Beat – June 17, 2026

▶️ Renewable Push: The Centre has set deadlines for...

TNI Business News Beat – June 16, 2026

▶️ Trade Talks: US Trade Representative Jamieson Greer will...