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Hindustan Copper Limited re-opens Kendadih copper mine

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Source: The Economic Times
Friday, December 15, 2017

 Hindustan Copper Limited has formally re-opened its Kendadih copper mine in Ghatsila, Jharkhand, on Monday, December 11, 2017, after a gap of seventeen years led by an upswing in copper prices globally. 


"The mine was closed since February 2000 due to economic reasons. However, considering the present favourable market conditions, the company has re-worked the mine business plan," an official statement issued on Wednesday said. 

HCL completed the de-watering activity, installed and commissioned the mining infrastructure and restarted mining activities, after obtaining all statutory approvals like, environment and forest clearances, including execution of mining lease deed from the central and state governments. "The mine, after completion of mine development activities, will produce 2.25 lakh tonne of copper ore annually," the statement added. 
 
On the occasion, Santosh Sharma, HCL chairman elaborated on the plan for re-opening and development of new mine in the area, also expressed gratitude to the State Government while acknowledging the role played by Bidyut Baran Mahato, MP, who had taken up the issues with the Prime Minister and Chief Minister of Jharkhand for early approval and clearances. 


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