India Resources secures future copper production base

Diversified minerals developer and producer, India Resources has identified...

  Diversified minerals developer and producer, India Resources has identified mining blocks at the Surda copper project sufficient to meet the company’s six years production target at an increased production rate.India Resources Chairman Andrew Simpson said the company had reviewed and analysed all of the project’s historical geological data, generated from past operations by Hindustan Copper Limited (HCL), with the results supporting IRL’s increased production targets. “The review shows that there is seven million tonnes of mineralisation at a grade of 1.2% already developed and that is enough to feed future production for six years,” Mr Simpson said. India Resources is aiming to double the current target production of 450,000 tonnes of ore per annum. With seven million tonnes of developed mineralisation identified, the company is on track toward a production target of 9,000 tonnes of copper in concentrate (the concentrate grade from the Mosaboni plant is 25%). The deposit at Surda remains open down dip and along strike, giving further potential for expansion. Mr Simpson said India Resoures is currently undertaking a feasibility study into the development of a decline between two existing mine shafts, which will eventually access additional mineralisation. India Resources is also set to continue to ramp up production with the recent commissioning of a second ball mill, which has achieved monthly mill capacity of 35,000 tonnes.