Rio Tinto to take up $2 billion iron ore mining project in Orissa

Rio Tinto is planning to invest around $2 billion in setting up a major iron ore mining project in Orissa. The investment, largest so far by the miner in India, would help it establish a strong foothold in the country’s mining space.

The company expect to ramp up the project's capacity quickly to 15 million tonnes per annum (mtpa )