India Resources
India Resources (ASX: IRL) is a minerals developer, with a strategic focus on unlocking the world-class mineral wealth of India. India Resources is the only foreign start-up mining company operating in India to have successfully commenced mining production.
Surda Copper mine is IRL’s flagship project producing approximately 300 tonne of Copper per month. IRL has recently announced signing of a letter of Intent to develop and mine coal for Bankura DRI. This will be the second mining project by IRL in India with a contract value for this project of approximately Au$500 million.
India Resources has assembled a mix of exploration tenements in India with a focus on Base Metals, Coal, Copper and Iron Ore.
The company’s diamond exploration activities are focused on three project areas, Bhandara, Dhawar and Bundelkhand, located in three established diamond-bearing kimberlitic fields in peninsular India.
In-Depth India Resources Articles
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22/02/2011
India Resources funding facility to underpin growing demand for raw materials in India
As one of the few foreign mining services companies that can successfully operate projects in India, the capital raising and funding facility will allow India Resources to "tap" expected rapid growth in mine contracting opportunities in the country.
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27/10/2010
Mine Life highlights India Resources as a stock to watch
Mine Life has penned a report on IRL. With two deals alone potentially worth a combined A$800 million to India Resources, this small-cap Indian focused mining contractor is a stock to watch.
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08/10/2010
India Resources breaks quarterly production record at Surda with 855 tonnes
IRL has been able to boost production at Surda, far higher than when operated by Hindustan Copper Limited, through a combination of modern mining techniques & better managed operatives.
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22/09/2010
India Resources: a turnaround story becomes a mining contractor and Indian GDP play
A transformation is underway at India Resources. Arvind Misra has achieved something of a turnaround at IRL – but like any good turnaround stories, it has not been without a slog.
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04/08/2010
India Resources achieves new ore production record at Surda copper mine
India Resources has set a new ore production record in July at its Surda copper mine in western India, remaining on track to meet its production targets.
Presentations & Company Media
Related Research & Media
No documents available.
Current Operations:
The Company’s portfolio of assets comprises:
Surda Mine – The Company has the benefit of an alliance with Hindustan Copper Limited (HCL – a Government of India enterprise) with the initial focus on identifying existing operations and areas where large-scale mineralisation has been proven. IRL has re-opened the Surda Mine with an initial objective of delivering annual production of 4,500 tonnes of copper metal in concentrate. More information>>
Exploration MOU – benefit of a Memorandum of Understanding (MOU) for general exploration on HCL’s various leases including tenure around the Surda Mine and around HCL’s current operations at Malanjkhand and Khetri. More information>>
Aravalli Project – The Company has acquired two Reconnaissance Permits (RPs) in Rajasthan (north western India). The Aravalli Proterozoic metamorphic belt is prospective for copper, lead, zinc as well as gold. IRL has recently completed a reconnaissance drilling program with positive results. More information>>
Askot Project – IRL has taken a placement comprising about 17% of the share capital of Pebble Creek Mining Ltd. (TSX-V – PEB), a Canadian company listed on the Toronto Venture Exchange. Pebble Creek’s main asset is the Askot Project: a VMS deposit of copper, lead, zinc, gold and silver mineralisation in northern India. Pebble Creek is currently compiling a resource estimation. More information>>
Diamonds – The Company’s diamond initiative focuses on the Bhandara Diamond Project which currently consists of five granted RPs in Orissa, as well as three RP applications in Chhattisgarh, located in the region of several kimberlite fields. In addition bulk sampling is planned at two diamondiferous kimberlites on IRL’s granted PLs of the Dharwar Project in Andhra Pradesh. More information>>
Coal/Iron Ore – As has happened in China, India’s rapidly growing economy is driving a surge in demand for power and steel. IRL is currently seeking suitable projects for rights to explore and develop coal or iron ore in India. More information>>
Management
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Andrew Simpson – Chairman |
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Arvind Misra – Managing Director |
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Craig Readhead – Non Executive Director |
Major Shareholders
No info available.
Contact Information
Registered Office
989 Wellington St
West Perth Western Australia 6005
Contact Details
Telephone (+61 8) 9327 7444
Facsimile (+61 8) 9327 7499
E-mail admin@indiaresources.com.au
Corporate Information
Share Registry
Computershare Investor Services Pty Ltd
45 St Georges Terrace
Perth Western Australia 6000
Telephone: 1300 557 010
Facsimile: (08) 9323 2033
E-mail: perth.services@computershare.com.au
Web-site: www.computershare.com.au
Auditor
PricewaterhouseCoopers
Solicitor
Allion Legal
50 Kings Park Road
West Perth Western Australia 6005
Bankers
National Australia Bank Limited
Level 1, 50 St Georges Terrace
Perth Western Australia 6000
