Rio Tinto,the leading global mining group, will send a team of mining specialists to Chhattisgarh to study the eco-system for exploring the possibility of investing in the State's mining sector.
Chief Minister Raman Singh met the Chief Adviser of Rio Tinto Jonathan Rose during his ongoing visit to Australia on Thursday, officials informed.
"Rio Tinto would also like to tie up with mining companies in Chhattisgarh, Rose informed.
The Chief Minister informed that Chhattisagrh is a mineral-rich state and there is immense scope for Rio Tinto to invest in Mining sector of the State.
He said that there are innumerable similarities between Chhattisgarh and Australia.
The Chief Minister later also met the MD of Reveena Oil and Bio Energy Dhruv Deep Saxena.
Saxena said that his company would be keen on exploring opportunities for manufacturing rice brawn oil in Chhattisgarh.
He revealed that the company is searching for opportunities for investing in food processing technology in India. It is at present producing Kynola oil in Australia.
Notably, the Chhattisgarh government has also been looking for investors globally in the mining sector who would also come with downstream projects apart from taking up mining activities in the State.
The Government has decided to prefer such investors in sanctioning of Mining lease and Prospecting lease, officials informed.
All such global mining industries will benefit from the similar incentives offered to all other industries in the State, they informed.
It may be recalled that the central public sector undertaking Hindustan Copper ltd had signed a joint venture agreement with Chhattisgarh Mineral Development Corporation (CMDC) for exploration, mining and beneficiation of copper and associated minerals.
Notably in April last year, the Central public sector undertaking Hindustan Copper ltd had announced it will be forming a Joint Venture Company (JVC) with Chhattisgarh Mineral Development Corporation limited (CMDC) with investment of `10 crore in the equity capital of JVC to explore and develop new copper mines in the State of C’garh.