Article: BUSINESS IN ASIA TODAY - OCT 15, 2008.

Business in Asia on Oct 15, 2008. A summary prepared by Asia Pulse (http://www.asiapulse.com), the real-time, Asia-based wire with exclusive news, market intelligence and business opportunities:

RIO TINTO TO DEVELOP BAUXITE MINES IN INDIA, INVEST US$2.2 BLN

AGRA - Global mining giant Rio Tinto (ASX:RIO) is planning to develop bauxite mines as a precursor to investing about US$2.2 billion to set up an alumina refinery and aluminium smelter in India, a top company official said Tuesday. Without divulging plan details, Rio Tinto India managing director Nik Senapati said the company "has a long-term commitment for India". The mining major has already applied ...

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