Market Survey on Copper - Indian Bureau of Mines
Market Survey on Copper - Indian Bureau of Mines
Market Survey on Copper - Indian Bureau of Mines
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The HCL has planned a number <strong>of</strong> green field projects. It has applied<br />
for 20 new c<strong>on</strong>cessi<strong>on</strong>s (RP/PL &ML) for Baniwali Ki Dhani and Dhani Basri<br />
area in Rajsthan, Sitalpani Block and Jatta Block in Balaghat district <strong>of</strong> Madhya<br />
Pradesh; and Tamrapahar-Dhab<strong>on</strong>i deposit in Singhbhum district <strong>of</strong> Jharkhand.<br />
The HCL has also projected that the producti<strong>on</strong> <strong>of</strong> ore will increase at a CAGR<br />
<strong>of</strong> 21.35% from 2010 <strong>on</strong>wards. The producti<strong>on</strong> <strong>of</strong> ore which was 3.2 milli<strong>on</strong><br />
t<strong>on</strong>nes in 2010 will reach to 12.4 milli<strong>on</strong> t<strong>on</strong>nes in 2017.<br />
The details <strong>of</strong> projecti<strong>on</strong> in respect <strong>of</strong> producti<strong>on</strong> <strong>of</strong> copper ore from<br />
2010 to 2017 are given in Table-6.5.<br />
Table -6.5: Producti<strong>on</strong> <strong>of</strong> <strong>Copper</strong> Ore, 2010 to 2017<br />
by applying CAGR 21.35% by HCL<br />
Year Producti<strong>on</strong><br />
(Milli<strong>on</strong> t<strong>on</strong>nes/annum)<br />
2010 3.22<br />
2011 3.66<br />
2012 4.71<br />
2013 5.72<br />
2014 6.94<br />
2015 8.42<br />
2016 10.22<br />
2017 12.40<br />
In the wake <strong>of</strong> rise in prices <strong>of</strong> copper the HCL has decided to revive<br />
operati<strong>on</strong>s <strong>of</strong> the closed Chitradurga <strong>Copper</strong> mine <strong>of</strong> Hutti Gold <strong>Mines</strong> Ltd.<br />
(HGML) in Chitradurga district Karnataka. A joint inspecti<strong>on</strong> and technical<br />
evaluati<strong>on</strong> by HCL and HGML was taken and decisi<strong>on</strong> was taken to revive the<br />
mine.<br />
The n<strong>on</strong>-operati<strong>on</strong>al underground mine has an estimated deposit <strong>of</strong> ore<br />
to a tune <strong>of</strong> 2.62 milli<strong>on</strong> t<strong>on</strong>nes with an average grade <strong>of</strong> 1.13% Cu and in<br />
additi<strong>on</strong> to this the mine has deposits <strong>of</strong> 2.796 t<strong>on</strong>nes <strong>of</strong> recoverable gold.<br />
The company is also planning to bid for copper mines in Afganistan<br />
which is under developmental stage.<br />
HCL plans to invest Rs.3677 crore to increase the mine producti<strong>on</strong><br />
capacity from 3.2 milli<strong>on</strong> t<strong>on</strong>nes to 12.41 milli<strong>on</strong> t<strong>on</strong>nes by 2016-17. It would<br />
spent a total <strong>of</strong> Rs.297 crores in next fiscal year for expansi<strong>on</strong> <strong>of</strong> the Khetri,<br />
Kolihan, Banwas and Singhbhum mines and reopening <strong>of</strong> the Rakha and<br />
Kendadih mine. HCL plans to invest Rs. 174 crore for expansi<strong>on</strong> <strong>of</strong> the Khetri<br />
mines from 0.5 mtpa to 1 mtpa. In the Kolihan mines, it would invest Rs. 275<br />
crore for expanding the capacity from 0.5 mtpa to 1.5 mtpa. It will also spend<br />
Rs. 91 crore to develop the Banwas mine with a capacity <strong>of</strong> 0.6 mtpa. The<br />
Surda mine’s capacity will be expanded to 0.9 mtpa from 0.42 mtpa at a total<br />
cost <strong>of</strong> Rs. 216 crore. It would also invest Rs. 347 crore to reopen the closed<br />
Rakha mine and Rs. 87 crore fro enhancing the capacity <strong>of</strong> the Kendadih mine<br />
to 0.21 mtpa.<br />
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