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Rio Tinto to make India comeback

Financial Express Delhi

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April 18, 2025

Mining giant inks MoU with AMG Metals

- ARUNIMA BHARADWAJ

NEARLY A DECADE after its exit from the country and the government revamping its mining policy to lure global investors, British-Australian giant Rio Tinto is set to re-enter India with significant investment plans for the aluminium sector.

The global mining major, known for its technological edge, has signed a memorandum of understanding (MoU) with AMG Metals & Materials to "jointly assess the feasibility of developing a primary aluminium smelter up to a 1 million tonne per annum (MTPA) capacity along with 2 MTPA of alumina production".

According to a joint statement, the venture will be powered by wind and solar energy firmed by pumped hydel storage.

Financial Express Delhi

यह कहानी Financial Express Delhi के April 18, 2025 संस्करण से ली गई है।

हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।

क्या आप पहले से ही ग्राहक हैं?

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