Hindustan Copper has informed that it has appointed South West Mining (SWML) as the Mine Developer cum Operator (MDO) for re-opening and expansion of Rakha Copper Mine, development of a new underground mine at Chapri and commissioning of a new concentrator plant for a period of 20 years, extendable by another 10 years. The mining operation in Rakha Mine was suspended since 2001 on account of unviable operations. The Mining Services Agreement was signed on 9th January, 2025 between HCL and SWML at Ranchi. Copy of Press Release issued in this regard is enclosed.
The above information is a part of company’s filings submitted to BSE.
