Google Website Translator Gadget

Monday, October 24, 2011

Rio Tinto may invest EUR 1 billion in Portuguese iron ore mines -Report

Monday, 24 Oct 2011

Portuguese news agency Agencia Lusa reported citing an unidentified person close to the negotiations that mining giant Rio Tinto PLC may invest about EUR1 billion in northern Portugal Torre De Moncorvo mines which are considered to be among Europe largest iron ore deposits.

According to the report ortugal Economy Ministry confirmed it is negotiating a big investment in the country's mining sector with one of the world's largest mining companies, but didn't name it.

(Sourced from Agencia Lusa)

No comments: