Bs Reporter / New Delhi August 19, 2008, 0:13 IST

Rio Tinto, the London-based mining group, has signed a memorandum of understanding (MoU) with NMDC, the largest mining company in India, to form an equal joint venture to explore minerals in India and abroad.

Ishita Ayan Dutt / Kolkata August 06, 2008, 0:24 IST

Besides acquiring global assets, the partnership could be extended to domestic market.

State-owned mining firm NMDC is in talks with Rio Tinto, the world's second largest diversified mining company, for a 50:50 joint venture, which would bid for global mining assets.

NMDC chairman and managing director Rana Som said, "We are in discussion for a 50:50 joint venture. Rio Tinto was one of the international parties to evince interest in establishing a joint venture when we floated a tender.'

Shimla, July 27 After 17 years, one of the state's biggest mining projects is back on track. The National Mineral Development Corporation (NMDC) last week got government approval for its proposal to extract and sell steel-grade limestone from deposits in Arki
of Solan district.

A Government of India navratna PSU, NMDC had first struck a deal with the state government to mine limestone from Arki in 1991, but when its tie-ups with steel manufacturing units like SAIL did not work out because of economics of transporting limestone to steel factories down south, the project was shelved.

Environmental performance in Indian corporate is typically an ad-hoc and restricted to compliance aspects, however NMDC Limited follows a proactive approach instead of compliance approach. The likely environmental impacts of the mining activities and other allied activities are assessed prior to the commissioning of the production in the mines.

Environmental performance in Indian corporate is typically an ad-hoc and restricted to compliance aspects, however NMDC Ltd follows a proactive approach instead of compliance approach. The likely environmental impacts of the mining activities and other allied activities are assessed prior to the commissioning of the production in the mines. Consequently pollution control measures and environmental improvement works along with massive afforestation programmes are planned based on the anticipated extent of the significant impact and for successful control of the impact.

India's largest iron ore producer and exporter, NMDC Ltd, may review exports to Japanese steel mills and South Korea's Posco in a bid to increase availability in the domestic market and restore the anomaly in net realisations from exports and domestic prices. Currently, domestic prices are higher than export realisations by 97-231 per cent, depending on the grades and mines.

The primary economy ought to be bridled with some price or other controls that would take the benefits of natural resources to the people who

NEW DELHI: National Mineral Development Corporation (NMDC) and Steel Authority of India Limited (SAIL) on Monday signed a memorandum of understanding (MoU) to form a joint venture for the development of limestone mines in the sensitive hill region of Arki in Himachal Pradesh.

Life may soon return to the dusty 19th century palace grounds of the Raja of Sandur in the Ramandurga hills near Hospet in Karnataka. A well-known private company is likely to buy the property and possibly restore the old buildings for offices. It will do this not for the site's historical worth, but for the value of what juts out of the ground around it: a thick vein of high-quality iron ore.

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