Hindustan Copper Ltd (HCPR.NS) Key Developments | Reuters.com
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Hindustan Copper Ltd (HCPR.NS)

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Latest Key Developments (Source: Significant Developments)

India Resources updates on agreement with Hindustan Copper
Tuesday, 7 Jun 2016 06:30pm EDT 

India Resources Ltd : Agreement with Hindustan Copper . Says ongoing detailed discussions have been held with Hindustan Copper Limited . Discussions have resulted in a provisional agreement between the parties . "Potential suspension of operations at the surda mine and the mosaboni plant is now deemed unnecessary" . HCL agreed to pay approximately $1.4 million against monthly supply of copper in concentrate for months of April 2016 and May 2016 . IRL will withdraw its arbitration notice . Transportation of copper concentrate to HCL and timely monthly payments to IRL will resume promptly . Proposal to settle long disputed claims between parties has been forwarded by HCL board to independent external monitor . IRL will do its utmost to continue to ramp up and maximise copper production at the Surda mine and Mosaboni concentrator .  Full Article

Hindustan Copper accorded approval to form JV with Chhattisgarh Mineral Development
Monday, 30 May 2016 09:02am EDT 

Hindustan Copper Ltd : Accorded approval to form jv with chhattisgarh mineral development corporation for exploration, mining and beneficiation of copper . Recommended seeking members' nod to issue,allot ncds within overall borrowing limit of inr 8 billion .  Full Article

Hindustan Copper posts March-qtr profit of 162.9 mln rupees
Monday, 30 May 2016 06:26am EDT 

Hindustan Copper Ltd : Says March-quarter net profit 162.9 million rupees; net sales 3.24 billion rupees .  Full Article

Hindustan Copper Ltd recommends dividend
Thursday, 28 May 2015 06:58am EDT 

Hindustan Copper Ltd:Recommended for payment of 3 pct. dividend i.e. 0.15 Indian rupees per share for financial year 2014-15 for approval of shareholders in annual general meeting (AGM).Says date of AGM and record date/book closure for payment of dividend will be intimated separately.  Full Article

India Resources Limited updates on surda stop work notice by Hindustan Copper Ltd
Thursday, 25 Sep 2014 09:00pm EDT 

India Resources Limited:Provides the update on the Stop Work Notice issued by Hindustan Copper Limited (HCL) for the Surda copper mine.HCL, as owner of the Surda mine and process plant, filed a Writ Petition in the Ranchi High Court on sept. 16, 2014 requesting a stay of the order issued by the Government of Jharkhand to cease non-essential operations at the Surda mine.HCL had no option but to obey the order issued by the Government of Jharkhand and to instruct IRL, as mine manager and operator, to cease mining operations.Says HCL has requested the Ranchi High Court to use its evident authority to stay the order.And to grant HCL twelve months in which to complete formal re-application documents and to obtain the necessary government approvals for a new mining lease for the Surda mine area.As an affected party, IRL has filed an Interlocutory Application seeking an intervention by the Court in support of the writ filed by HCL.The Writ Petition and the Interlocutory Application have been admitted by the Court and the matter is expected to be heard in the near future.  Full Article

Hindustan Copper Ltd announces dividend payment date
Friday, 19 Sep 2014 08:15am EDT 

Hindustan Copper Ltd:Says the date of payment of dividend is Oct. 16.  Full Article