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SAIL-RINL-NMDC to form SPV to buy Rio Tinto Mozambique assets

Last Updated: Sunday, August 17, 2014, 21:26

Consortium members of International Coal Ventures Ltd - SAIL, RINL and NMDC - will form a special purpose vehicle to buy Rio Tinto's Mozambique coal mines as other partners NTPC and Coal India are not keen on taking part in ICVL's maiden deal announced last month.

Police take down Rio gang accused of torture, extortion

Last Updated: Friday, August 08, 2014, 05:47

Police in Brazil dismantled a well-armed gang accused of extorting, torturing and killing poor residents of Rio de Janeiro, state security authorities said Thursday.

Rio Tinto more than doubles H1 net profit to $4.4 bn

Last Updated: Thursday, August 07, 2014, 12:47

Anglo-Australian mining giant Rio Tinto said Thursday it more than doubled its first-half net profit to US$4.4 billion, as it continued a cost-cutting programme and wound back its net debt.

Four Rio police arrested over favela rape allegations

Last Updated: Thursday, August 07, 2014, 01:46

Four police officers in Rio de Janeiro were arrested on Wednesday in connection with the rapes of three women in a favela in the north of the Brazilian city.

Rio unveils Olympic test event calendar

Last Updated: Tuesday, August 05, 2014, 09:41

All but two of the 45 test events for the Rio 2016 Olympics will be held within a year of the Games` opening ceremony, the local organising committee said.

Brazil police launch probe as shooting video emerges

Last Updated: Sunday, August 03, 2014, 08:04

Brazilian police have launched a probe following the release of a video purportedly showing elite officers shooting a man who had apparently turned himself in.

India group ICVL to nearly triple coal output from mine bought from Rio Tinto

Last Updated: Friday, August 01, 2014, 09:55

Rio Tinto said on Wednesday it would sell the Benga mine and other projects in Tete province it bought via a $4 billion acquisition of Riversdale Mining in 2011 for just $50 million to the group.

Rio Tinto sells Mozambique coal assets

Last Updated: Wednesday, July 30, 2014, 17:25

A consortium of Indian state-run companies -- International Coal Ventures -- will take over the mines, and the deal will be finalised in the third quarter of this year.

ICVL to buy Rio Tinto's coal assets in Mozambique for $50 mn

Last Updated: Wednesday, July 30, 2014, 13:10

The acquisition will be the first of ICVL since its inception in 2009.

Rahul Dravid, Abhinav Bindra and Gopichand to select Olympic medal hopes

Last Updated: Friday, July 25, 2014, 13:37

With an aim to increase India`s medal tally in 2016 and 2020 Olympics, the Sports Ministry has decided to start a "Target Mission Olympic Podium Scheme" and an elite athletes identification committee, which will include sporting greats Rahul Dravid and Abhinav Bindra among others.

World Cup will inspire Rio Olympics, says IOC`s Thomas Bach

Last Updated: Thursday, July 24, 2014, 19:52

Rio de Janeiro will host a successful Olympic Games in 2016 after the World Cup showed Brazil can cope with staging the biggest sporting events, International Olympic Committee (IOC) president Thomas Bach said on Wednesday.

Bolt will be back on track in Glasgow

Last Updated: Tuesday, July 22, 2014, 12:21

Sprint superstar Usain Bolt is set to return to the tracks next month after injury concerns slowed his return this season.