The possibility of revival of the $1 billion jinxed joint venture (JV) project between Orissa Mining Corporation (OMC) and Anglo Australian mining major Rio Tinto appears murky with the state still dithering on the matter.Though a revised JV pact was prepared after several rounds of negotiations between the once sparring JV partners, nothing has moved forward in the past one year.
"There has been absolutely no progress on the project for the past one year. The matter is pending at the government level”, said a top official of OMC.
