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 directors increase holdings with on market share purchases
Arvind Misra, the managing director of mining contractor India Resources, has increased his stake in the company with an on-market purchase of 250,000 shares for a consideration of $5,270, valuing each new share at $0.021.
Misra now holds 7,712,773 ordinary shares, 2,500,000 unlisted options expiring 30 June 2012, and 6,000,000 unlisted options expiring 31 December 2017.
Andrew Simpson, chairman, purchased an additional 1,000,000 shares for a consideration of $20,383, valuing each new share close to $0.02.
Simpson now holds 3,000,000 ordinary Indian shares.
Last week India announced it had completed a record breaking 855 tonnes of copper metal-in-concentrate production from the Surda Mine and Mosaboni Concentrator Plant in India, for the September 2010 quarter, 2% above the previous record.


















