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SUSTAINABILITY INITIATIVES

AND PRACTICES

IN

HINDUSTAN COPPER LIMITED

SUBMITTED BY-

GROUP NO 4

ASHISH KUMAR THAKUR E-16

ANKUR ROY CHOUDHARY E-10


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INDEX

Serial no. Title Page no

1 Introduction 3-5

2 Three pillars of sustainability 6-12

3 Company initiative 13-15

4 Bibliography 16

5 Annexure 17-18


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INTRODUCTION

Hindustan Copper Limited (HCL), a public sector undertaking under the administrative

control of the Ministry of Mines, was incorporated on 9th November 1967. It has the

distinction of being the nations only vertically integrated copper producing company as

it manufactures copper right from the stage of mining to beneficiation, smelting, refiningand casting of refined copper metal into downstream saleable products.

The Company markets copper cathodes, copper wire bar, continuous cast copper rod

and by-products, such as anode slime (containing gold, silver, etc.), copper sulphate

and sulphuric acid. More than 90% of the sales revenue is from cathode and continuous

cast copper rods. In concluded financial year 2006-07, as per provisional estimates, the

Company has earned a all time highest net profit pf Rs 331 crore (~USD 75 million )

against a sales turnover of Rs 1800 crore (~ USD 420 million). HCLs mines and plants

are spread across four operating Units, one each in the States of Rajasthan, Madhya

Pradesh, Jharkhand and Maharashtra as named below:

November1967

Incorporated to take over from National Mineral DevelopmentCorporation Ltd.

March 1972 M/S Indian Copper Corporation Limited, PrivateSector Company, located at Ghatsila, Jharkhand with Smelter andRefinery was Nationalized and made part of HCL.

February1975

Fully integrated Copper complex from mining to refining came onstream at Khetri ( capacity 31,000 tonnes of refined copper)

November1982

The largest hard rock open pit mine in the country came into stream atMalanjkhand in Madhya Pradesh of capacity 2 million tonnes ore

December1989

Continuous Cast Wire Rod plant of South Wire Technology of capacity60,000 MT was commissioned at Taloja in Maharashtra.

Khetri Copper Complex (KCC) at Khetrinagar, Rajasthan

Indian Copper Complex (ICC) at Ghatsila, Jharkhand

Malanjkhand Copper Project (MCP) at Malanjkhand, Madhya Pradesh

Taloja Copper Project (TCP) at Taloja, Maharashtra


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Balance sheet

Mar ' 11 Mar ' 10 Mar ' 09 Mar ' 08 Mar ' 07

Sources of funds

Owner's fund

Equity share capital 462.61 462.61 462.61 384.11 768.22

Share application money - - - 78.50 28.50

Preference share capital - - - - 180.73

Reserves & surplus 776.36 659.97 505.29 515.60 -295.71

Loan funds

Secured loans - 0.05 2.30 0.98 12.50

Unsecured loans - - 33.73 112.50 203.63

Total 1,238.97 1,122.63 1,003.93 1,091.69 897.88

Uses of funds

Fixed assets

Gross block 770.01 760.35 731.36 665.70 667.30

Less : revaluation reserve - - - - -

Less : accumulated depreciation 556.84 540.72 521.66 500.29 491.30Net block 213.17 219.63 209.70 165.42 176.00

Capital work-in-progress 459.20 408.89 379.49 371.36 326.69

Investments 86.48 71.92 - - -

Net current assets

Current assets, loans & advances 1,156.83 863.73 1,049.78 1,283.17 1,224.26

Less : current liabilities & provisions 676.71 441.53 635.03 728.26 829.07

Total net current assets 480.12 422.20 414.74 554.91 395.19

Miscellaneous expenses not written - - - - -

Total 1,238.97 1,122.63 1,003.93 1,091.69 897.88

Notes:

Book value of unquoted investments 86.48 71.92 - - -


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Mar ' 11 Mar ' 10 Mar ' 09 Mar ' 08 Mar ' 07

Market value of quoted investments - - - - -

Contingent liabilities 302.43 357.77 500.53 460.81 670.82

Number of equity sharesoutstanding(Lacs) 9252.18 9252.18 9252.18 7682.18 7682.18

Main product

Continuous cast Copper rod

Cooper cathode

Copper concentrate

By product

Copper sulphate

Sulphuric acid

Revert

Anode slime

NO OF EMPLOYEES:

Here is about 5000 employees Hindustan cooper limited .it is sum of total employeesworking in each of the part or plant of hindustan cooper limited.

Three pillars of sustainability


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SOCIAL PILLAR

Hindustan copper limited believe in the interdependence of the industry with the

community for sustainable growth. CSR is an approach to acknowledge core values of

this interdependence. The campany strive to achieve this by facilitating improvements

in the quality of life and by supporting socio-economic development of the regionswhere we operate.

Since its inception, HCL has been making significant contribution towards upliftment ofliving conditions of the local people in the areas where it had established its mines andproduction units - like providing drinking water, social forestry, rural health camps, andvocational training for the local people on a regular basis.Forty years of sailing through various market trends upwards and downwards theyear 2007 saw HCL embracing a CSR map for socio-economic development programsfor adjoining mining areas.From generating wealth for our stakeholders to preserving the wealth of our natural

resources, copper is a force to reckon with. On one hand, it plays a key role inindustries as diverse as construction, automobiles, power generation,telecommunications, electronics, healthcare and many more. And on the other hand,copper contributes to environment protection and climate change in a big way being100% recyclable, and provides opportunities for employment generation ensuring asustainable future. Powered by this Miracle Metal, we aim to drive our Sustainabilityinitiatives further forward and work even harder towards the development andadvancement of each of our stakeholders, as well as society at large.

Myriad efforts are in progress, to promote Sustainability in our sphere of influence andoperation. Programs have been introduced to ensure employee satisfaction and welfare

of the highest order, and provide a workplace that is high on safety and security. At thesame time, we are nurturing and growing the communities in all the geographies weoperate, through initiatives in the realms of healthcare, education and careeropportunities. Mutually-beneficial relationships are fostered, as we believe inmaintaining superior standards of ethics with all our business partners. And when itcomes to caring for our Planet, we are adopting practices that conserve our preciousnatural resources and result in no adverse impact on environment. Thanks to NaturesMiracle Metal, lives are being improved, opportunities for self-sufficiency, well-being andprogress are ever-increasing, and SIILs Socio-Economic Development bottom line is onthe upswing.

In our Sustainability mission, we are privileged to partner institutions and visionarieswho share our goals and aspirations. Government bodies, NGOs and educationalinstitutions join us in making a difference to the lives we interact with, and the projectswe undertake. This report, with its adherence to the GRI framework and alignment toUnited Nations Global Compact principles, is our way of acknowledging their stellarcontributions.

This Sustainable Development Report which now hold in your hands is testimony to the


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good work SIIL is undertaking to change. This, of course, is all thanks to theencouragement and support you continue to provide us. We are indeed grateful that likeus, you too believe in miracles.

CORPORATE SOCIAL RESPONSIBILITY (CSR) PHILOSOPHY

For HCL, CSR is an effort to reach out beyond copper-mining and giving-back to the

society, taking into consideration Companys capabilities, and expectations of the

communities living in and around the areas of its operations. The objective of HCL is to

play a catalytic role in the socio-economic development in the region, where the industry

is located, aiming to create an enabling working environment for HCL, as well as

income generation opportunities for the community - for building an empowered

community for an overall sustainable growth and peaceful co-existence.

POLICY FRAMEWORK & OBJECTIVES

In conformity with the government directives, prevailing at the time of inception, HCL

had provided employment and other benefits to the eligible land oustees, aiming at

improving overall economic status of project affected people.

For the socio-economic development of the adjoining areas of existing Projects, HCL

welcomes principles laid down by UNGCand the MDGs, and embraces the CII social

code, for establishing and executing CSR Projects.

OBJECTIVES:-

it provide support for basic Health Care. Educate community on essential hygiene andsanitation practises and generate awareness on health issues specially focussing on

Immunization, RCH, HIV/AIDS.

Women Empowerment with skills and experiences to access their rights, to improve

income, to meet their own and their families basic needs and to participate in the

development of their communities.

Generate alternative employment means for the community through the Self-Help-

Groups (SHGs), through improved management of existing resources, better access of

information and understanding of entrepreneurial technicalities to start new income

generation opportunities.

To mobilize resources from among the rural youth that furthers development of the

villages. To empower adolescents with knowledge, capacity and skills to take control of

their health, hygiene and life-style.


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Enhance agricultural productivity with sustainable environment friendly practices

through capacity building and imparting trainings to farmers.

COMMUNITY DEVELOPMENT

For the initial stage, five villages from each of the three units were identified for rolling-off CSR activities, focusing on health, general hygiene, sanitation, awareness

generation & formation of self-help-groups, and introduction of alternative farming

techniques. With the support of local NGOs and community participation the entry-point

activities were carried out since April 2008.

In Rajasthan, three villages were chosen from nearby areas of Khetri Copper Complex

(KCC), while the other two were selected from Chaowra, near KCCs water-resourcing

unit.

Four villages had been identified within a few kilometres distance from MalanjkhandCopper Project (MCP), in Madhya Pradesh, while the remaining one was chosen from

within underprivileged tribal communities on the outskirts of the forested lands.

Villages around Indian Copper Complex (ICC) in Jharkhand, are relatively more

populated and accessible than those of the other two units. As such, villages were

chosen, so as to address a small sample of the population mix around the township

area, as well as that of remote tribal communities.

The initial activities had built up the necessary ground-work for implementing micro-

finance projects for the SHGs towards creation of alternative employment activitiesand resource formation. They are now being followed up by a comprehensive approach,

divided into phases.Pollution Control and Environment Management Efforts

Water Pollution Control Measures

During the year 2003-04 effluent treatment facilities provided to all the units of HCL

worked satisfactorily and met regulatory norms set for discharge water by the State

Pollution Control Boards. The schemes for recycling the process discharged water for

use in the plants, after treatment, also continued to function throughout the year.

Air Pollution Control Measures

The air pollution control projects that have been commissioned for meeting Pollution

Control Board standards for gaseous emission from HCL's Smelter and other plants

were also operational during the year 2003-2004. The ambient air quality at all the units


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of HCL was regularly monitored at various points in the mines, works and residential

areas throughout the year.

Afforestation

In addition to lumpsum payments towards compensatory afforestation by HCL fordiversion of forest lands for mining purpose at all the units of the company, separate

afforestation work like all previous years continued during the year 2003-04.

Industrial Relations

The industrial relations situation in the Company continued to be peaceful and

harmonious during the year 2003-2004. The Ministry of Labour, Government of India

vide letter No.L-42024/53/2002-IR(Misc.) dated 5.6.2003 granted permission for

closure of Surda Mine and other establishments and services of Hindustan Copper

Limited at Mosaboni under Section 25(O) of the Industrial Disputes Act,1947 and

accordingly the estab lishments were closed w.e.f. 17.6.2003. All the workmen of the

establishments were separated through the Voluntary Retirement Scheme of the

Company. A proposal of the recognized union for transfer of the Surda Mine to a

Workers' co-operative is India consideration.

The permission for closure of the Khetri Mine was also received from the Ministry of

Labour, Government of India vide their letter No. 42024/54/2002-IR(Misc.) dated

1.10.2003. The Rajasthan High Court, Jaipur on a writ petition filed by four registered

Trade Unions of Khetri Copper Complex against the permission of the Government

granted stay on 31.10.2003 till the matter is decided by that Court. The SLP filed in the

Supreme Court for vacating the stay order was heard on 28.11.2003. The Apex

Court has directed the High Court to dispose of the matter preferably within three

months. In view of the inevitable delay, the operation of Khetri Mine which was under

suspension has been resumed to avoid payment of idle wages.

Welfare Activities

Measures have been taken to ensure strict compliance of all the provisions pertaining

to women employees as provided in the Factories Act,1948, Mines Act,1952 and the

Equal Remuneration Act. In pursuance to a judgment of the Supreme Court, HCL has

set up Committees at all the units and offices of the Company to check any form of

harassment against women employees at the work place. A provision to this effect has

also been incorporated

in the "Conduct, Discipline and Appeal Rules" of the Company. During the year, there

has been no incidence of discrimination/harassment against female employees.

Various activities under the Prime Minister's 20 point programme for the welfare of


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Tribals and Minorities were conducted albeit in a small scale on account of the financial

crisis in the Company. The Presidential directives on the reservation of posts for

Scheduled Castes and Scheduled Tribes is being followed in letter and spirit.

Environmental sustainability

Hindustan Copper Limited is fully committed to the concept of operating in an

environment-friendly atmosphere. In addition to the environmental protection measures

that were in-built with the original project, additional steps have been taken to conform

to all the regulatory standards prescribed by the Pollution Control authorities.

The ambient air quality is regularly monitored at the mines, process plants and

residential areas of all units. The air pollution control projects, which were

commissioned previously for meeting Pollution Control Board standards for gaseous

emission from smelters and other plants, continued to be operational. An environmentaudit has been carried out during the year through an expert agency. Remedial

measures based on their recommendations are being implemented at all the units.

Effluent treatment facilities installed at the units of the Company worked satisfactorily

during the year and met regulatory norms set by State Pollution Control Boards.

Recycling of process-discharged water after treatment also continued throughout the

year. Solid waste from plants and hospitals was properly treated and safely disposed off

or stored. To protect the environment and maintain ecological balance in the

surrounding areas, Company undertakes tree plantation in and around its production

units on a regular basis. Further, measures have also been taken to protect flora and

fauna. Stress was given on housekeeping, cleanliness, hygiene and safety throughoutthe year at all units. Environment related workshops and seminars were conducted

during the year.

The company proposes to carry out a study on development of phytoremediation

technique in plots already covered with top soil in the tailing dam area in MCP. Based

on the result of this study, the same will be employed to other related mine tailings.

The ambient air quality is regularly monitored at mines, process plants and residential

areas at all the units as per pollution control board guidelines/standards. To furtherimprove the existing environmental management plan, the environment cells at the unitsare in the process of implementing the recommendations arising out of theenvironmental audit earlier done through an external agency. Recommendations of theagency are in the process of implementation in phases taking into account theavailability of funds.


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The range of air quality around the various mines of the Company given in Annexure - Iis well within the standards and limits as prescribed by the pollution control board.

Effluent treatment facilities installed at the units of the Company have been workingsatisfactorily during the year and meeting regulatory norms as prescribed by the

Pollution Control Boards. Discharged process of water is being recycled after treatmentthus conserving the water.

Quality of water which is recycled is projected in Annexure - I. Solid waste from plantsand hospitals are also safely disposed off or stored as per guidelines prescribed by thepollution control boards.

Company promotes several environment friendly activities by planting trees, improvinghouse- keeping, cleanliness, hygiene and safety through several programs round theyear. The Company has planted different types of flora around the mining and township

areas at theunits to maintain the green environment.

ECONOMIC

Hindustan Copper Limited has to its credit some major contributions towards

technological improvements in mining, beneficiation, smelting, hydrometallurgy and by-

product recovery. Some of the areas where Hindustan Copper Limited has introduced

new technology are

MINING

TRACKLESS MINING

Trackless mining has helped in rapid development of mines enabling higher levels of

production and productivity comparable to international standards.

DROP RAISING

Raising is one of the most difficult of mining operation, HCL has developed and

perfected the concept of drop raising over 60m intervals. This has resulted in increased-

safety and higher progress. A pattern of five 6 diameter holes has been standardized

for the crater method of blasting the raises sequentially.

LARGE DIAMETER BLAST HOLE STOPING

HCL has developed single sub-level method of stoping using large diameter (162 mm)

blast holes over level intervals of 50 to 60 meters. Need to have intermediate sub-level

for drilling has been eliminated in this method. Excellent fragmentation has been


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achieved. Benefits of new stoping method compared with the conventional sub-level

stoping methods are:

ROCK BOLTING

For mining flat dipping ore bodies, timber support was common in early days. With theneed to mine over a large width. HCL developed very simple but effective methods of

rock bolting using cement grouted steel rods. This has resulted in the improvement of

ground conditions ensuring higher safety standards.

POST PILLAR STOPING

HCL has developed the post-pillar method of mining for adoption in flatly dipping wide

ore bodies in ICC group of mines. This mining method has enabled the production rates

to go up as compared to room and pillar stopes. Electrically operated LHD 's have been

introduced at ICC for operating in these stopes. The output per man shift has increased

and the stoping cost has come down substantially. Hydraulic filling of stopes with

classified mill tailings has been established as a standard practice at the ICC resulting

in regional improvement in ground conditions.

SMELTING

OXYGEN ENRICHMENT

HCL has also taken the lead in introducing oxygen enrichment in the converters at KCC

and ICC resulting in effective control of accumulation of secondary products in smelting.

HCL has also introduced oxygen enrichment in process air in flash furnace to effectively

increase the capacity of the existing smelters for meeting increased production

commitments.

HYDRO-METALLURGY

Occurrences of large quantities of oxidized ore and lean grade sulphide ore at

Malajkhand has impelled the company to extract copper values in the ore by dump

leaching otherwise uneconomical by conventional methods. The dump is sprayed with

dilute acidified solutions to dissolve copper minerals. The end products of this leachingoperation is a pregnant liquor of copper sulphate. The leached liquor is then treated to

recover copper metal.


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Company initiative

Development of Banwas Copper Deposit: North of Khetri mine is the Banwas CopperDeposit which has an ore reserve of 25 million tons @1.69% Cu. A contract for 5 years

has been awarded to develop this deposit with a decline from surface connectingunderground working.With the exploitation of Banwas deposit, about 6.0 lakh tons of ore @ 1.10% Cu ore perannum will be mined from the 5 year onwards using existing infrastructure of Khetrimine.

Malanjkhand Copper Mine: MCP open pit has been re-designed by limiting the depth ofthe pit to 240 metre from surface against an earlier plan of 300 meter. The portion of theore between 240 and 300 metre depth will be mined out by underground miningmethod. This will reduce thecost of mining. The open pit mine will be producing @ 2 million tons of ore per annum till

2017-18.

Khetri mines: To increase production to 1.0 MTA, action is taken for Khetri Phase - IIoperation, this would involve deepening of both service and production shaft from 0MRL to (-) 300 MRL and constructing ore and waste handling system along with minedevelopments.

Kolihan mine: Two sets higher capacity low profile dump trucks (LPDT) & loadingequipment (LHD) has been provided for improvement of mine production. To increaseproduction of Kolihan mine to 1.5 MTA, additional hoisting system along with orehandling system is requiredsince the present ore hoisting system of Kolihan Mine has a capacity ofaround 0.9 MTA. For this, planning is being done to make use the existing service shaftfrom 306 MRL to 0 MRL with certain modification and extending in depth upto (-) 220MRL and connecting upto 424 MRL, the present opening of Kolihan mine.

Malanjkhand underground mine: Action has been initiated to develop an undergroundmine below the existing open pit as per report of M/s Bishimetal Exploration Companyto produce 5.0 million tons of ore per year from 9th year of starting of construction ofwork. For this,Pre-Application Conference was conducted to receive the responses from theprospective bidders.

Re-opening of closed mines at ICC: Company has also initiated action to re-openclosed mines at Singhbhum Copper Belt of ICC along with opening of Greenfield mineat Chapri-Sideshwar mine through outsourcing. Company is pursuing vigorously withGovernment of Jharkhand for renewal of mining leases for Kendadih mine andexecution of lease deed forRakha mine.


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Expenditure in foreign currency

During the year 2009-10, the Company spent foreign currency towards import of copperconcentrate, components, stores & spares, travelling and consultation fees, etc. to thetune of Rs 59.54 crore as compared to Rs 310.61 crore in 2008-09.

ENERGY CONSERVATION

HCL continued to give priority for energy conservation measures at various stagesofprocess from mining of ore to extraction of copper metal. Special efforts were madeinmaking the operations energy efficient. The achievements made in regard to reductioninspecific energy consumption over previous year are indicated below:

Sl.No. Specific Consumption Unit 2009-10 2008-09

1 ICC Refinery Power Kwh/T 333 3752 ICC Smelter fuel Lit/T 531 827

3 ICC Smelter Oxygen m3/T 650 693

4 MCP Mine Kwh/T 0.52 0.75

ENVIRONMENT & POLLUTION CONTROL MEASURES

The ambient air quality is regularly monitored at mines, process plants andresidentialareas at all the units as per pollution control board guidelines/standards. Tofurtherimprove the existing environmental management plan, the environment cells at

the units arein the process of implementing the recommendations arising out of theenvironmental auditearlier done through an external agency. Recommendations of theagency are in the processof implementation in phases taking into account theavailability of funds.

The range of air quality around the various mines of the Company given in Annexure Iiswell within the standards and limits as prescribed by the pollution control board.

Effluent treatment facilities installed at the units of the Company have beenworkingsatisfactorily during the year and meeting regulatory norms as prescribed by thePollutionControl Boards. Discharged process of water is being recycled after treatment

thusconserving the water. Quality of water which is recycled is projected in Annexure I.

Solid waste from plants and hospitals are also safely disposed off or stored asperguidelines prescribed by the pollution control boards.

Company promotes several environment friendly activities by planting trees,improvinghouse- keeping, cleanliness, hygiene and safety through several programmes


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round the year.The Company has planted different types of flora around the mining andtownship areas atthe units to maintain the green environment.

After the Baseline Survey conducted in 2007 for the purpose of social mapping toinitiateCSR activities, initially, five villages in the vicinity of each of the threeUnits at KCC, MCP

and ICC were identified for rolling-off CSR activities, focusing onhealth, generalhygiene, sanitation, awareness generation and formation of Self HelpGroups (SHGs)with the support of local NGOs and community participation since April,2008.

The initial activities have also built up the necessary ground work forimplementingmicro-finance projects for the SHGs towards creation of alternativeemployment activitiesand resource formation. At all the three Unit locations, MobileMedical Units equippedwith Medical Personnel conduct weekly Health Camps at theselected villages for communityhealth check-up.

The Company is committed to providing 0.5 percent of its Net Profit towards

socialsector activities on a continuing basis.

Progressive Use of Hindi

The Company continued its thrust on implementation of Official Language policy oftheGovernment of India. Employees are constantly motivated to use Hindi in their day-to-dayofficial work for which Hindi workshops are conducted in the Units and CorporateOffice atregular intervals. Regular review with regard to progressive use of Hindi.

Inspection regarding implementation of Official Language was conducted in respectofCorporate Office on 20/11/2009 by Assistant Director (OL) and 22/02/2010 by

DeputyDirector

In-house Journal of the Company Tamralipi continued to be published both in Hindiandin English which were regularly distributed among the employees. These were alsosent tothe members of Hindi Advisory Committee. The Annual Report as well as HRPolicy Guide ofthe Company were also published in Hindi and English. `Every Day OneHindi Word scheme wasoperational for improving the Hindi vocabulary among theemployees.


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BIBLIOGRAPHY

WWW.INDIAINFOLINE.COM

WWW.HINDUSTANCOOPER.COM

WWW.MONEYCONTROL.COM

www.ibnlive.in.com

www.indianexpress.com
http://www.indiainfoline.com/http://www.indiainfoline.com/http://www.hindustancooper.com/http://www.hindustancooper.com/http://www.moneycontrol.com/http://www.moneycontrol.com/http://www.ibnlive.in.com/http://www.ibnlive.in.com/http://www.indianexpress.com/http://www.indianexpress.com/http://www.indianexpress.com/http://www.ibnlive.in.com/http://www.moneycontrol.com/http://www.hindustancooper.com/http://www.indiainfoline.com/


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;ANNEXURE

Hindustan Copper Limited (HCL)

Hindustan Copper Limited (HCL) has posted a provisional net profit of Rs. 112.52crore in 2005-06 against Rs. 56.02 crore achieved in 2004-05.

Total Turn over during the year was 1,053.52 crore against Rs. 559.11 croreachieved in 2004-05.

In the Financial Year 2005-06, Company has made an entry into export market andexported about 1,400 tonnes of Continuous cast wire rod and efforts are on to enter theexport market on a sustainable basis.

The Company has reduced its interest burden from Rs. 42.99 crore in 2004-05 to Rs.35. 84 crore in 2005-06 through repayment of bonds and debentures and prudent fundmanagement.

It has a target of Rs. 1,077.22 crore sales turnover during 2006-07, 39 per centhigher than the previous year (2005-06) target. The target of Rs. 118.35 crore in 2006-07 is 17 times higher than the previous years (2005 -06) target.

FEB 18 2012

Khetri Town (Jaipur), Feb 18 (PTI) Hindustan Copper Ltd is planning to invest Rs3,435 crore to execute eight mining projects across the country over the next five years,a top company official said here today. "The company plans to invest Rs 3,435 crore ineight mining projects across the country to expand the mining capacity in next fiveyears," Hindustan Copper Chairman and Managing Director Shakeel Ahmed said.He said work on two projects -- Banwas and Khetri -- has already commencedand tender for Kolihan mine's expansion is under process."The proposedexpansion of Khetri and Kolihan mines and development of Banwas deposit willincrease ore production from 1 million tons to 3.1 million tonne per annum at anestimated cost of around Rs 538 crore," he told reporters. Ahmed added that

due to certain reasons smelting plant of Khetri was shut down temporarily in 2008and the decision to reopen it has not been taken so far because it is not viablefinancially. He also said that the company is planning to collaborate with the stategovernment for mining leases in other parts of the state. For exploration andexploitation of deposits that contain copper and gold minerals in Afghanistan, hesaid the company in consortium with SAIL, NALCO and MECL will take part in theExpression of Interest issued by the Afghanistan government.


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Khetri town :

Hindustan Copper Ltd is planning to invest Rs 3,435 crore to execute eightmining projects across the country over the next five years, a top company official saidhere today. "The company plans to invest Rs 3,435 crore in eight mining projects across

the country to expand the mining capacity in next five years," Hindustan CopperChairman and Managing Director Shakeel Ahmed said.He said work on two projects --Banwas and Khetri has already commencedand tender for Kolihan mine'sexpansion is under process. "The proposed expansion of Khetri and Kolihan minesand development ofBanwas deposit will increase ore production from 1 million tonne to3.1 million tons per annum at an estimated cost of around Rs 538 crore," he toldreporters. Ahmed added that due to certain reasons smelting plant of Khetri wasshut down temporarily in 2008 and the decision to reopen it has not been taken so farbecause it is not viable financially.He also said that the company is planning tocollaborate with the state government for mining leases in other parts of the state.Forexploration and exploitation of deposits that contain copper and gold minerals in

Afghanistan, he said the company in consortium with SAIL, NALCO and MECL will takepart in the Expression of Interest issued by the Afghanistan government.

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