Australian company gets nod for aravalli mining

Starting to get coverage overseas in the econic times.

States value of project is 1,200 crore which is roughly $300M. IRL states inground value is approx $10 Billion at todays prices. IRL MC is $4M - so you do the maths!!!!!!

KOLKATA: The Rajasthan government has approved a mining lease for India Resources Rs 1,200-crore lead-zinc project in the state's Aravalli region, ending uncertainty for the Australian contract miner that had been lobbying for it for six years.

Perth-based IRL, which has been engaged in contract mining at Hindustan Copper's Surda mines in Jharkhand since 2007, told the Australian Stock Exchange that the state government has administratively approved a mining lease in favou ..

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