Hindustan Copper Revives Old Mines, Targets Triple Ore Capacity by 2030 | Quick Digest
Hindustan Copper Limited (HCL) is reactivating previously closed mines like Rakha and Kendadih to significantly boost domestic copper production. This strategic move, driven by soaring global copper prices and rising national demand, aims to triple HCL's ore capacity to 12 million tonnes per annum by 2030. It underscores India's push for self-reliance in critical minerals.
Hindustan Copper reopens long-dormant mines to boost output.
Company aims to triple ore production capacity by 2030-31.
Surging global copper prices and demand drive revival strategy.
Rakha, Kendadih, and Surda mines are among those being revived.
Significant investments earmarked for mine expansion and development.
Boosts India's self-reliance in a critical industrial commodity.
Hindustan Copper Limited (HCL), India's sole integrated copper producer, is embarking on an ambitious strategy to revive several of its previously non-operational mines, a move aimed at bolstering domestic copper production and achieving self-sufficiency in the vital metal. This initiative is particularly focused on mines like Rakha and Kendadih in Jharkhand, which were shuttered for nearly two decades due due to economic unviability, but are now being brought back online. The Surda mine has also resumed operations.
The primary driver behind this revival is the unprecedented surge in global copper prices and a projected doubling of India's refined copper demand to 2.6 million tonnes by 2030, propelled by growth in sectors like renewable energy, electric vehicles, and infrastructure. HCL plans to triple its ore production capacity from current levels to an ambitious 12 million tonnes per annum (MTPA) by the fiscal year 2030-31.
To achieve this, HCL has earmarked over ₹2,000 crore for mine expansion and development, with additional investments coming through Public-Private Partnership (PPP) models. For instance, a JSW Group company, South West Mining Ltd (SWML), has secured the Mine Developer and Operator (MDO) contract for the Rakha and Chapri blocks in Jharkhand, committing an investment of approximately ₹2,600 crore. This asset-light approach allows HCL to leverage private sector expertise and capital. The revival of these mines is expected to create significant direct and indirect employment opportunities and contribute substantially to the local economy, reinforcing India's strategic push to reduce reliance on copper imports.
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