Hindustan Copper is reportedly eyeing to develop its Chapri-Siddeshwar mines in Jharkhand. The company is in the process of coming out with a tender for the selection of Mining Development Operator (MDO) for developing the mines. This apart, the company is also looking to reopen the Rakha mine.
The company is planning to invest around Rs 5,000 crore in the next three-four years to scale up its capacities in mining and manufacturing.
Currently, the company has an installed copper production capacity of 68,500 tonnes per annum. Post expansion, its mining capacity is expected at 13 million tonnes per annum from the present capacity of 3.4 mtpa. Metal production, which currently stands at 35,000 tonnes will go up to 1,20,000 tonnes by 2022.
In addition, the company is planning to set up a plant of 1 lakh tonnes per annum capacity to manufacture copper cathode through cost-effective hydro-metallurgy technology at an estimated investment of Rs 3,025 crore.
