rio in joint venture iron ore india, page-4

still travelling Q ans..RALPH5...just that no one has yet done deals in INDIA thats why the MOU is so important like other posts everyone WISHES to be in INDIA including RIO..CLUFF is in the box seat to pull this off ..at the AGM they certainly thought so.even said how much they would earn...its not only IO.. they are looking @ other minerals , hence the setting of the company ELEPHANT GOLD ...its just that the MOU on IO was offered first ..many years of effort have gone into getting the confidence of the locals... I expect to see other offers of MOUs.. When they first went to INDIA they were very keen on historicl DIAMOND areas to complement their mining of diamonds @ COPETON & BINGARA & the RUBY mining @ ELLISTON the packer property these assets are on care & mat. while they pursure the more profitable minerals of IO TIN & GOLD.Best TIN leases in NSW.