+
Hindustan Copper To Sell Chile Mine Output To Hindalco And Adani
COAL & MINING

Hindustan Copper To Sell Chile Mine Output To Hindalco And Adani

Hindustan Copper plans to sell copper concentrate produced by mines it is acquiring from Chile's Codelco to Hindalco and Adani, two sources familiar with the matter said. The state-run miner is exploring a joint venture with the Chilean state miner to mine and market copper as India seeks to secure long term supplies of the metal. Discussions remain at an early stage and participants are treating deliberations as confidential.

The company, together with Coal India and NTPC Mining, is in talks to secure four copper mining blocks from Codelco, the mines secretary said in April, and due diligence is under way. Hindustan Copper signed a preliminary agreement with Codelco last year and in May executed a non disclosure agreement and appointed a deal adviser. The firm did not provide comment to Reuters and has previously denied it was in joint venture talks.

According to two of the sources, technical teams from Hindustan Copper, NTPC Mining and Coal India visited Chile earlier this year to assess prospects, but commercial output remains distant and it could still take a decade before mining begins and concentrate is produced. The government is seeking to include a chapter on copper in free trade talks with Chile to secure an assured quantity of concentrate. Partner selection and commercial planning are ongoing. Officials plan to evaluate technical, environmental and commercial feasibility closely before firm commitments.

India, the world's second largest refined copper importer, may have to import 91 per cent to 97 per cent of its copper concentrates by 2047, the government has said. Domestic refined output is estimated at 573,000 t annually while demand is around 1.8 million (mn) t, underlining the gap the state intends to narrow through overseas assets and partnerships. Hindalco and Adani are among the largest potential domestic buyers of concentrate.

Hindustan Copper plans to sell copper concentrate produced by mines it is acquiring from Chile's Codelco to Hindalco and Adani, two sources familiar with the matter said. The state-run miner is exploring a joint venture with the Chilean state miner to mine and market copper as India seeks to secure long term supplies of the metal. Discussions remain at an early stage and participants are treating deliberations as confidential. The company, together with Coal India and NTPC Mining, is in talks to secure four copper mining blocks from Codelco, the mines secretary said in April, and due diligence is under way. Hindustan Copper signed a preliminary agreement with Codelco last year and in May executed a non disclosure agreement and appointed a deal adviser. The firm did not provide comment to Reuters and has previously denied it was in joint venture talks. According to two of the sources, technical teams from Hindustan Copper, NTPC Mining and Coal India visited Chile earlier this year to assess prospects, but commercial output remains distant and it could still take a decade before mining begins and concentrate is produced. The government is seeking to include a chapter on copper in free trade talks with Chile to secure an assured quantity of concentrate. Partner selection and commercial planning are ongoing. Officials plan to evaluate technical, environmental and commercial feasibility closely before firm commitments. India, the world's second largest refined copper importer, may have to import 91 per cent to 97 per cent of its copper concentrates by 2047, the government has said. Domestic refined output is estimated at 573,000 t annually while demand is around 1.8 million (mn) t, underlining the gap the state intends to narrow through overseas assets and partnerships. Hindalco and Adani are among the largest potential domestic buyers of concentrate.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Saluting Engineers on Engineer’s Day!

India’s infrastructure story is often told through kilometres of highways, soaring bridges, expanding metro networks and tunnels through some of the country’s toughest terrain. Less visible are the engineering decisions behind them. A railway through the Himalayas. A bridge across Mumbai Bay. A metro system built beneath a crowded capital. A 182-m-high structural landmark. A new generation of high-speed highways. Each demanded years of design, testing, coordination and problem-solving, often in conditions where there was little room for error. This Engineers’ Day, we lo..

Next Story
Infrastructure Urban

CJI Surya Kant Calls for Preventive Justice to Avoid Infrastructure Disputes

Kant has urged the infrastructure ecosystem to design contractual and institutional frameworks that identify and address concerns early through communication and dispute-avoidance mechanisms.Chief Justice of India Surya Kant has urged India’s infrastructure ecosystem to move from retrospective justice to preventive justice, as the country undertakes projects at an unprecedented scale. Speaking at global engineering body FIDIC’s Global Infrastructure Conference 2026 in New Delhi, Kant said the true measure of a justice system’s success lies in ensuring mechanisms around infrastructure pro..

Next Story
Infrastructure Urban

Madhya Pradesh Secures Rs 530 Billion in Investment Proposals

Rupee (Rs) 530 billion (bn) in investment proposals were received by Madhya Pradesh on the third day of Chief Minister Mohan Yadav's visit to the United Arab Emirates, with major interest in green energy, artificial intelligence, data centres and advanced manufacturing. The delegation held engagements in Dubai and Sharjah to promote projects and secure commitments from global investors. State officials said the proposals represent a significant pipeline for industrial expansion and technology infrastructure. Rana Holdings Limited proposed a portfolio including a 2,000 MW solar energy project a..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code