IRL 0.00% 0.0¢ india resources limited

Hindustan Copper playing dirty, page-2

  1. 268 Posts.
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    I don't think tweets by Australian shareholders will have any positive effect.  The new government must be well aware of the issues - they had a good reminder with the issues around the Commonwealth Games.  I don't think HCL is pursuing an active anti-IRL campaign; or indeed treating IRL different to anyone else - this is just the tedious business of running a state owned enterprise governed by legislation drafted decades ago.

    If I was in HCL I would be focusing my efforts on getting the Surda Mine Lease renewed and Rakah underway - as they stated l;ast annual report:

    5. Mine Expansion Schemes
    The ongoing mine expansion scheme envisages expansion of Malanjkhand, Khetri, Kolihan and Surda mines, Banwas as an extension of Khetri mine; re–opening of Rakha and Kendadih mines and development of new mine namely Chapri–Sideshwar to increase mine production to 12.4 Million tonne per annum (Mtpa) from present 3.4 Mtpa.
    http://profit.ndtv.com/stock/hindustan-copper-ltd_hindcopper/reports-directors-report
 
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