June 7 (Reuters) - India Resources Ltd IRL.AX :
* Agreement with Hindustan Copper IRL.AX
* 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
* Source text for Eikon ID:nASX7hdLDZ
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