India's state-run miner National Marine Dredging Company (NMDC) has signed a memorandum of understanding (MoU) with Global miner Rio Tinto to consider investment and development opportunities in India and globally.
NMDC and Rio Tinto will hold a 50% equity stake each in the proposed joint venture.
Under the arrangement, NMDC will have access to Rio Tinto's technologies. The JV company will initially mine Iron and is likely to explore and mine other mineral reserves globally as well.
NMDC has already signed an agreement with Rio Tinto to import its "high smelt technology" for iron ore mining.
London, Aug 18 : Cars kicked by camels and damaged by nut-wielding squirrels are among some of Britain''s most bizarre insurance claims.
Other claims revealed by insurance company www. elephant. co. uk, motorists have cited naked pedestrian jumping on top of their car, as well as decomposing carrots smeared across the road.
One female driver managed to fill her tank with the wrong substance after mistaking shampoo for a container of petrol.
A Harrier jet was accused of an incident when a motorist reported his windscreen melted when the aircraft crash landed nearby and burst into flames.
From 23rd August, 2008, Jet Airways will start its daily flights from Dubai to Mumbai and Delhi.
In the airline’s Gulf network, Dubai will be its sixth destination while second in UAE. Jet Airways’ Dubai flights will complement the airline’s daily services from various gateway points in India to Abu Dhabi, Kuwait, Bahrain, Muscat and Doha.