Aditya Birla returns to investors with new prospectus

The Indian conglomerate revisits the A$299 million listing of its Australian mining company following a slippage at its open cut copper mine.

Two weeks after pricing the A$299 million IPO of its Australian operations, Aditya Birla has re-issued its prospectus with new forecast earnings figures.

The Indian company says output from its Nifty copper mine in the Pilbara region of Western Australia will be adversely affected by a slippage that resulted from weeks of heavy rains.

The new prospectus will show lower earnings forecasts for 2007 resulting from the expected drop in production by 2,000 tonnes, from 106,000 tonnes to 104,000 tonnes....

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