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Last Trade - 15/08/16

Sector
Basic Materials
Size
Micro Cap
Market Cap £n/a
Enterprise Value £n/a
Revenue £6.26m
Position in Universe th / 1901

BRIEF-India Resources updates on possible suspension of Surda operations

Mon 6th June, 2016 12:43am
June 5 (Reuters) - India Resources Ltd  IRL.AX : 
 * Possible suspension of surda operations  IRL.AX  
 * Possible suspension of operations at Surda copper mine 
 * HCL has continued not to make any payments to IRL despite the direction from 
   the court" 
 * "IRL constantly struggled to get Hindustan Copper to adhere to terms of 
   contracting agreement and recognise a number of legitimate claims" 
 * Hcl has continued not to make any payments to irl despite the direction from 
   the court 
 * If hcl is unwilling to comply with requests, IRL may be forced to suspend 
   operations at surda mine and mosaboni concentrator by 9 June 2016" 
 * Hcl advised it is not accepting copper concentrate produced from mosaboni 
   concentrator forthwith, but without providing any reasonable explanation" 
 * Currently assessing operational and financial impact of events and potential 
   consequence of any cessation operations at Surda mine 
 
   Source text for Eikon  ID:nASXV8Qsc  
 
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