India consortium eyes Rio Tinto
A consortium of Indian state-run metal and mining companies, International Coal Ventures Limited (ICVL), is planning a bid for Rio Tinto’s three coal mines in Mozambique.After holding preliminary talks with Rio Tinto officials, ICVL is likely to submit a bid worth $200 million within a couple of weeks for buying its stake.
– See more at: http://www.indiaincorporated.com/news-in-brief/item/3579-india-consortium-eyes-rio-tinto.html#sthash.GmpBPxjU.dpuf
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