Hindustan Copper, Coal India sign MoU for critical minerals
State-run
Hindustan Copper Ltd
on Monday executed an Memorandum of Understanding with
Coal India
Limited to jointly evaluate opportunities in copper and
critical minerals
sectors.
"Hindustan Copper Ltd (HCL) has executed an MoU with Coal India Limited (CIL) on 30.06.2025. The primary focus is to jointly identify and evaluate opportunities in copper and critical minerals sectors, and to explore participation in partnerships with renowned global companies in these sectors. This MoU does not constitute a legally binding relationship between the parties as per the conditions set-out in the MoU," said
Hindustan Copper
in a stock exchange filing.
Hindustan Copper, is engaged in
copper ore
mining and holds all the operating mining leases for copper ore in the country.
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The profit before tax of HCL has surged by 54 per cent to Rs 633.51 crore in FY 2024-25 from Rs 410.43 crore in FY 2023-24.
State-owned Hindustan Copper Ltd has recorded its highest-ever revenue from operation at Rs 2,070.97 crore in FY 2024-25, reflecting a robust year-on-year increase of 21 per cent from Rs 1,717.00 crore in FY 2023-24.
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The company is currently focussed on the exploration, mining, and beneficiation of copper ore to produce and sell copper concentrate, which gives it better profitability in this dynamic market.
HCL operates copper mines at Malanjkhand (Madhya Pradesh), Khetri (Rajasthan) and Ghatsila (Jharkhand).
Critical minerals amid economic uncertainties
Investment decisions in the global critical mineral sector face significant market and economic uncertainties, despite strong expectations for future demand growth, according to the International Energy Agency (IEA). In its Global Critical Minerals Outlook 2025, the IEA added that investment momentum in critical minerals development weakened in 2024, rising just 5 per cent compared to 14 per cent in 2023.
Adjusted for cost inflation, real investment growth stood at only 2 per cent, reflecting growing economic and market uncertainties despite strong long-term demand expectations. According to IEA, exploration activity plateaued after consistent growth since 2020. While spending rose for lithium, uranium, and copper, it declined sharply for nickel, cobalt, and zinc. The funding in startups also slowed, the IEA report added. The low mineral prices failed to trigger new investments and affected projects led by new market entrants.
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