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Rio Tinto to invest $2bn in Indian iron ore project

Rio Tinto plans to invest $2 billion in an iron ore project in the eastern Indian state of Orissa to supply Indian and overseas clients, Sam Walsh, head of the miner's Australia-based iron ore division, told reporters.

Catalyst Resource Group signs definitive agreement to acquire gold concession in Laos

Catalyst Resource Group (OTCQB:CATA) (PINKSHEETS:CATA), a company engaged in innovative processing technologies to extract gold and platinum group metals, today announced that Company has signed a Definitive Agreement to acquire an 80% equity interest of Laos Minerals Mining, Inc.'s ownership in a 68-km2 gold concession known as the San 8 and San 60 areas of the Somsanouk Village, Sanakham District, Vientiane Province, Lao People's Democratic Republic, in exchange for cash and monetary commitments to further explore and develop this project in the near future.