Iron Ore Project in India Wins $2 Billion Investment From Rio Tinto

IBTimes reported Rio Tinto (ASX:RIO) is about to make the biggest investment every by an Australian company in India with a $2 billion investment in an iron ore mine.

As quoted in the market news:

Sam Walsh, Rio head of Iron Ore Division, said the investment is expected to boost production to 15 million tonnes yearly by providing technology and environment safety systems. He added Rio will hire locals in the project.

Click here to read the full IBTimes report.