Hindustan Copper has executed an Memorandum of Understanding (MoU) with Rites to secure a rapid, reliable and sustainable supply chain of metals and minerals, including critical minerals. The main objective of this MoU is to jointly participate in copper, critical minerals block auctions, develop and operationalise blocks for exploration and mining, and transportation and share associated risks. Both the parties shall finalize financial arrangements on case-to-case basis, while taking up various projects. This MoU does not constitute a binding relationship between the parties as per the conditions set-out in the MoU.
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.
