Hindustan Copper, India’s largest miner of the ore, expects to sell off non-core assets including reserves of granite and copper ore tailings, that are expected to fetch the state-run company more than 3,000 crore over an extended period of 5 to 10 years.
The company is planning to increase its mine capacity to 12.4 million tonne by 2017 which will be done in phases to meet growing demand for the red metal which is used in the power, construction and automobile industries. Already, copper prices have been soaring due to tight supplies and constraints in copper mining, a weak dollar and potential exchange-traded fund flows into copper as an asset class.
Hindustan Copper has also applied for 20 prospecting leases in mining near its existing mines at Khetri and Malanjkhand. It has already received a prospecting lease at Baniwali ki Dhani. These are greenfield plans of Hindustan Copper and not part of the 12.4-million tonne expansion programme.
crackcrack| Company Name | CMP |
|---|---|
| Hindalco | 1108.40 |
| Vedanta | 321.40 |
| Hindustan Zinc | 581.95 |
| Jain Resource Recycl | 350.40 |
| Gravita India | 1641.20 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: