Hindustan Copper targets 12m tonne production by 2030-31

Hindustan Copper Limited (HCL) announced plans to boost its total mining capacity to 12.2 million tonnes by 2030-31, an increase from last year's 4 million tonnes. This expansion will see Malanjkhand's production reach 5 million tonnes, Khetri's 2.9 million tonnes, and the Jharkhand Area's (ICC mines) 4.3 million tonnes. This includes 3.3 million tonnes from Rakha (MDO operated), 0.9 million tonnes from Surda, and 0.4 million tonnes from Kendadih.

The company anticipates a capital expenditure of INR 2,000 crore over the next five years to achieve this target, primarily directed towards Malanjkhand for furnishing two shafts and installing a new concentrator plant. Additionally, shafts for Khetri mines are already installed. Rakha mine operations, managed by an MDO (Southwest Mining Limited, a JSW company), will involve an investment of approximately INR 2,600-2,700 crore over 6-7 years, with HCL receiving 12.5% of the revenue.

HCL also noted the recent acquisition of forest and environment clearances for the Rakha and Kendadih mines in Jharkhand, with lease deed agreements expected to be signed soon. The company highlighted challenges posed by monsoon-related water seepage in underground mines, impacting production in the second quarter of 2025, but expects a recovery in the third and fourth quarters.