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AUSSIE FIRM IN PACT FOR COAL MINE (ties up with a Bengal firm to develop and operate the Biharinath coal mine owned by six sponge iron manufacturers).

India Business Insight

| January 26, 2010 | COPYRIGHT 2001 Silverline Information Systems Pvt. Ltd. (Hide copyright information)Copyright

India Resource Limited (IRL), listed on the Australian Securities Exchange, signed an agreement with a company from West Bengal for developing a virgin coal mine. IRL proposes to open, develop and operate the Biharinath coal mine near Ranigunj owned by six sponge iron manufacturers. IRL will invest Rs100 crore in the project and the block has 95-million tonne reserves. The …

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