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Hindalco plans to buy Australian mine

January 25, 2003 13:15 IST

Hindalco Industries Ltd plans to acquire Straits (Nifty) Pty Ltd, which owns the Nifty Copper mines in Australia.

The acquisition will be completed through a wholly owned Australia subsidiary for A$ 79.80 million. An agreement has been entered into by the company with Straits Resources Ltd, a listed entity, which owns 100% of Straits (Nifty) Pty. Ltd.

BSE Code: 500440



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