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 issues shares on conversion of convertible note

16th Jul 2010, 8:47 am

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.

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