June 2 (Reuters) - India Resources Ltd IRL.AX :
* Termination of Surda and Surda expansion contracts
* In recent months strikes by mine, processing plant and construction project workers caused significant loss of revenue and profits
* Surda shut down was caused by HCL not renewing its mining lease to mine on a timely basis
* To date HCL has not resolved this matter, and company anticipates further unrest at operations.
* Strikes relate to delay in resolution by Hindustan Copper on demand by IRL that HCL reimburse IRL in full for 40% increase in statutory wages
* HCL made unilateral deductions regularly from amounts due to irl for copper production without having regard to its impact on operations Source text for Eikon: ID:nASXbT5PMV Further company coverage: IRL.AX