Hindustan Copper Ltd. (HCL) has announced the appointment of South West Mining Limited (SWML) as the Mine Developer cum Operator (MDO) for the re-opening and expansion of the Rakha Copper Mine, located in East Singhbhum, Jharkhand. This development marks the revival of operations at Rakha Mine, which had been suspended since 2001 due to unviable operations.
Key Project Highlights:
- Scope of Work: SWML will oversee the re-opening of Rakha Copper Mine, the development of a new underground mine at Chapri, and the commissioning of a new concentrator plant.
- Project Tenure: The Mining Services Agreement is valid for 20 years, with an option for a 10-year extension.
- Capital Expenditure (CAPEX): The estimated investment for the project is approximately ₹2,700 crore.
- Employment Generation: The project is expected to create around 10,000 direct and indirect jobs.
Event Details:
The Mining Services Agreement was signed on January 9, 2025, in Ranchi, in the presence of:
- Shri G. Kishan Reddy, Union Minister of Coal and Mines
- Shri Ghanshyam Sharma, CMD, Hindustan Copper Ltd.
- Senior officials from Hindustan Copper and South West Mining
