Hindustan Copper and Chhattisgarh Mineral Development Corporation (CMDC) have formed Joint Venture Company ‘Chhattisgarh Copper’ on May 21, 2018 for exploration, mining and beneficiation of copper and its associated minerals in the State of Chhattisgarh. The registered office of the JV Company is located in Bhilai, Chhattisgarh. Chhattisgarh Copper has become the subsidiary of Hindustan Copper and the shareholding pattern between Hindustan Copper and CMDC is in the ratio of 74%and 26%.
The number of Directors nominated by Hindustan Copper and CMDC is in the ratio of 3:2. With this milestone, Hindustan Copper has extended footprint of its operation in the sixth State and will commence its operations very soon there.
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.
