The one (and only IMO) solid link between LCY and RIO is our director, Devanathan Ramachandran:
Holding extensive business development experience ranging from identification and evaluation of investment opportunities through due diligence and post-merger integration, he has a proven track record in large investments in mining and fertilizer industries often with significant rail, port, power and other infrastructure. Significant achievements of Mr. Ramachandran include his work on Rio Tinto's acquisition and integration of North Ltd ($3.5b)
http://www.bloomberg.com/research/stocks/people/person.asp?personId=276130195&ticker=LCY:AU&previousCapId=43884915&previousTitle=LEGACY%20IRON%20ORE%20LTD
Additionally, NMDC & RIO have done business in the past, e.g, NMDC's purchase of RIO'S Mozambique coal assets (completed 7th October, 2014) and the failed MOU for joint iron ore prospecting back in 2008.
IMO
DYOR
http://www.thehindubusinessline.com...int-venture-with-rio-tinto/article3539285.ece
http://articles.economictimes.india...cvl-tete-east-international-coal-ventures-ltd
