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Hindustan Copper inaugurates nickel plant at Ghatsila

11 Aug 2016 Evaluate

Hindustan Copper has inaugurated a plant at Ghatsila in Jharkhand which would be the first facility in India to produce London Metal Exchange (LME) grade nickel from primary resource. The Singhbhum copper belt has unique ore characteristics which contained appreciable quantity of nickel. The company has installed and commissioned the technology to recover nickel.

At present, the capacity of the plant is 50 MT per annum considering the current production rate from the Surda mines. The nickel output is expected to increase eightfold after the completion of mine expansion projects undertaken at Ghatsila. The annual demand for pure Nickel in India is around 45,000 MT and at present its market is totally dependent on imports.

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.

Peers
Company Name CMP
Hindalco Industries 942.30
Vedanta 258.90
Hindustan Zinc 565.30
Jain Resource Recycl 292.60
CMR Green Tech 225.00
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