Additional Information
Market: ASX
Sector: General Mining - Copper
EPIC: IRL
Latest Price: A$0.00  (0,00%)
52-week High: A$0.01
52-week Low: A$0.00
Market Cap: A$2.55M
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India Resources
www.indiaresources.com.au

India Resources Limited (ASX: IRL) operates the Surda Copper Mine in India.  IRL has developed a close commercial alliance with Hindustan Copper Limited (HCL, a Government of India enterprise). These alliances with HCL are a first for an overseas group. Hindustan Copper is the sole integrated producer of primary copper in India and is listed on the Mumbai, Delhi, Calcutta and Madras exchanges.

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India Resources to supply fast growing Indian coal industry

8th Jun 2010, 9:48 am

Copper operating company India Resources (ASX: IRL) has completed a contract with Chinese partner M/s Nuclear Industry Yantai Tongxing Industries Co (NIYTX) Limited to supply two ceramic disc filters to Hindustan Copper Limited (HCL).
 
NIYTX has received payment for the supply contract and under the terms of the agreement India Resources is entitled to 20% of the order value as compensation for its contribution.

India Resources said these types of filters were introduced for the first time in India by the company at its Mosaboni concentrator plant.

Completion of this supply contract is "a significant step for both the partners as the booming Indian mineral and coal industry is expected to present significant demand for such products in India."

NIYTX wishes to negotiate with India Resources on the current commercial terms for future collaborations.

India Resources operates the Surda copper mine and is the only foreign-owned company with a mining operation in India.

Under IRL's management the mine achieved record copper production during the month of March 2010.

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