Hindustan Copper is planning to form a joint venture with a private partner for value addition to the product in order to enter downstream market. The deal is in the final stage and would be approved in the next board meeting in November. A separate manufacturing unit will have a conversion capacity of 10,000 tonne per year.
Beside this the company has also formed a joint venture with Chattisgarh Mining Development Corporation (CMDC), a unit owned by the Chattisgarh government for exploration of copper deposits in the state.
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.
