Rio to ink agreement with Indian miner: reports

MINING giant Rio Tinto will sign an agreement next week with state-run Indian miner NMDC to explore for iron ore, according to reports.

Rio to ink agreement with Indian miner: reports Rio to ink agreement with Indian miner: reports Rio to ink agreement with Indian miner: reports Rio to ink agreement with Indian miner: reports Rio to ink agreement with Indian miner: reports

The companies will sign a deal on August 18, the chairman of NMDC, Rana Som, told Reuters yesterday.

"We will sign a memorandum of understanding," Som said. "It is for prospecting of mainly iron ore.