Hindustan Copper Limited: Development of Chapri- Sidheswar & Reopening of Rakha Mine
Deepthi | Myequity news | Date : 04-02-2019 15:10:00 IST
On 2nd February, 2019, groundbreaking ceremony was held at Ghatsila Unit of HCL for construction of concentrator plant at Rakha, initiating Chapri-Sidheswar mine, a new mine development and Rakha mine re-opening projects.
CMD informed that considering the opportunity to further increase the resource base of copper mineral in the State has finalized plan to undertake depth exploration up to 1000 meter from surface in its exiting lease area in next two years.
Hindustan Copper Limited, the only copper mining Company in India, in its Unit located at Ghatsila has planned to implement total five mine expansion projects to increase the mine capacity form current 4.0 to 72.0 lakh tonne. Successful implementation of the project will also reduce country's dependence on imported copper concentrate.