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Rio Tinto Explores Development of Bauxite Mines in India
BANGALORE, INDIA--November 13, 2008--Researched by Industrial Info Resources (Sugar Land, Texas)--Rio Tinto (NYSE:RTP) (London), a leading international mining conglomerate, plans to develop bauxite mines in India as a precursor to a proposed investment of $2.2 billion to develop a greenfield alumina refinery and smelters in the country. It is likely to scout for bauxite mines in the states of Andhra Pradesh and Orissa, which are known for their rich, proven bauxite reserves. The firm is also reportedly in talks with domestic companies to share the bauxite reserves.
Other companies featured: NMDC Limited (BSE:526371)
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Industry Segment: Metals & Minerals
Word Count: 407 Words
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