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.'
Links:
[1] http://admin.indiaenvironmentportal.org.in/news/nmdc-rio-mull-jv-buy-mining-assets
[2] http://admin.indiaenvironmentportal.org.in/category/newspaper/business-standard-new-delhi
[3] http://admin.indiaenvironmentportal.org.in/category/thesaurus/mining
[4] http://admin.indiaenvironmentportal.org.in/category/thesaurus/national-mineral-development-corporation-nmdc
[5] http://admin.indiaenvironmentportal.org.in/category/thesaurus/madhya-pradesh