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India's Hindustan Copper Eyes Mining Assets In Chile, Namibia - Report

 India May Lift Restrictions on Foreign Mining Ventures, Express Reports

Jun 24, 2010 (Dow Jones Commodities News via Comtex) -- India's state-run Hindustan Copper Ltd. (513599.BY) is in talks to buy mining assets in Chile and Namibia, the Press Trust of India reported Thursday, citing the company's chairman and managing director, Shakeel Ahmed.
&quot;We have had preliminary discussions in Chile, Namibia and we will keep any such opportunity in any country abroad on our radar to acquire copper deposits,&quot; the PTI quoted Ahmed as saying.
A deal could take the form of a straightforward acquisition, a joint venture, or a strategic stake, Ahmed said, the PTI reported.
The company is aggressively pursuing mining leases in states such as Madhya Pradesh, Jharkhand and Rajasthan, and has applied for about 10 leases, the PTI reported him as saying.
 
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