IRL india resources limited

News: IRL India Resources updates on possible suspension of Surda operations

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    June 5 (Reuters) - India Resources Ltd (IRL) :

    • Possible suspension of surda operations (IRL)
    • 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

 
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