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.
India Resources issues shares on conversion of convertible note
Copper operating company India Resources (ASX: IRL) has received a notice for the conversion of one convertible note with a face value of $125,000 from Alexandra Resources Pty Ltd.
Under the terms of the convertible note, 14,044,943 ordinary fully paid shares have been issued to Alexandra.
India Resources is the only foreign-owned company with a mining operation in India.
Under IRL's management the Surda copper mine achieved record copper production during the month of March 2010.
The Surda Copper Project has a JORC resource estimate of 13,095,000 tonnes of indicated and inferred resource at 1.09% Cu.
The company is strengthening its balance sheet with the increased revenue flows from Surda and a significant reduction in debt planned by the end of 2010.


















