Hindustan Copper (HCL) is planning to enhance its ore production capacity from the current level of 4 million tonnes per annum (MTPA) to 12.2 MTPA in the first phase, and subsequently to 20.2 MTPA, in line with the government's 'Aatmanirbhar Bharat' initiative. To achieve this target, the company is looking for a suitable partner with strong financial background to expedite its future mine expansion project at a faster pace.
Three-fold rise in ore production under the first phase is expected to be achieved in the next seven to eight years and this includes a major shift from open pit mining to underground mining at Malanjkhand Copper Project (MCP) -- the flagship unit of HCL. The company is presently struggling with the issue of low grade ore. However, it is expected that by the end of 2020-2021 ore production from underground mine will start and the issue will be partially addressed.
Hindustan Copper’s principal activities include mining of copper ore, concentration of copper ore into copper concentrate through a beneficiation process and also smelting, refining and extruding of the copper concentrate into refined copper in downstream saleable products.
Company Name | CMP |
---|---|
Hindalco | 649.75 |
Vedanta | 396.65 |
Hindustan Zinc | 421.60 |
Gravita India | 970.00 |
Ram Ratna Wires | 331.50 |
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