Agreement Not Expected To Be Signed In Next Two Months
Indian state-owned mining company, Orissa Mining Corporation (OMC) and Anglo-Australian mining giant Rio Tinto are in discussion about a joint venture mining project in the state, but will take some more time to finalise it, officials said on Tuesday.
The two parties agreed to a billion-dollar iron project in 1995, however neither party could agree on key issues and the project failed to get off the ground.
Both the company and the state government were at pains to point out that nothing had yet been signed.
‘I think we are not going to sign any agreement with them (Rio Tinto) in next two months at least’ OMC’s managing director Saswat Mishra said.
‘At this stage, I cannot say if we are going to revive the old agreement or there would be a new one,’ Steel and Mines Minister Raghunath Mohanty told IANS.
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