FINANCING

India's BHP mocked

FORMER Rio Tinto chief Tom Albanese believes that Indian billionaire Anil Agarwal's plans to merge oil producer Cairn India and base metals producer Vedanta Resources could create a resource house like BHP Billiton or Vale.

India's BHP mocked

"It's a dream to create a singular yet powerful natural resources conglomerate of Indian origin to mirror the likes of BHP or Vale," Albanese, the CEO of Vedanta, said at a Mumbai media conference on Sunday....

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