Hindustan Copper was incorporated as ‘Hindustan Copper (Private) Limited’ on November 9, 1967 under the Companies Act with the Registrar of Companies, Rajasthan. Subsequently, the company became a public limited company pursuant to a shareholders’ resolution dated February 27, 1968 and the name of the company was changed to ‘Hindustan Copper Limited’ and it received a fresh certificate of incorporation on March 26, 1968.
The company is the only operating copper ore producing mining company in India. They are also the only vertically integrated producer of primary refined copper in India, Ministry of Mines (MoM), Government of India (GoI). India has a large imbalance between its copper smelting/refining capacity and its copper ore mining capacity. The refined copper production capacity in India for fiscal 2010 was more than 1 million tonnes of copper, requiring approximately 100 million tonnes of copper ore (assuming a copper content of 1%). The copper ore production in India for fiscal 2010 was approximately 3.21 million tonnes. As it is the only operating copper ore producing mining company in India and have access to over two-thirds of India‘s copper ore reserves, this presents an attractive growth opportunity for them.
Their 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. Other than selling refined copper products principally in the form of continuous cast wire rods, wire bars and copper cathodes, they also sell surplus copper concentrate. In addition, they sell by-products generated through the copper manufacturing process including anode slime containing gold and silver and sulphuric acid. Their principal operations include three copper ore mining complexes - the Khetri Copper Complex (KCC) at Khetrinagar in Jhunjhunu district, Rajasthan, the Indian Copper Complex (ICC) at Ghatsila in East Singhbhum district, Jharkhand and the Malanjkhand Copper Project (MCP) at Malanjkhand in Balaghat district, Madhya Pradesh – each of which consists of one or more copper ore mines and their own beneficiation plants. Each of their KCC and ICC complexes also has its own smelting and refining facilities, of which the KCC facilities have been shut down for economic reasons. They also have a copper extrusion plant at Taloja in Maharashtra, TCP.
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