Pursuits
Rio Tinto CEO Woos Modi to Revive India’s Diamond Past
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Rio Tinto Group’s Chief Executive Officer Sam Walsh has pressed India’s Prime Minister Narendra Modi for approvals to develop the nation’s first diamond discovery in 40 years and set up a $2 billion iron-ore project.
Walsh has spoken with Modi three times in the past six months on the planned $500 million Bunder diamond mine and the Odisha iron ore project in eastern India, he told reporters today in New Delhi. Talks have also focused on the prospects of uranium exports to India and on coal mining opportunities, Walsh said.