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Time of India
07-07-2025
- Business
- Time of India
Hindustan Copper scouting for copper, critical mineral assets in India and overseas; eyes Chile for global push
New Delhi: State-owned Hindustan Copper Ltd (HCL) is ramping up efforts to expand its presence in copper and critical mineral exploration, both in India and globally, amid growing demand for strategic metals. The company has formed a dedicated internal team to carry out due diligence and identify prospective domestic and international mineral blocks, a senior official told ET EnergyWorld. 'Our long-term strategy is to ensure mineral security by expanding our footprint beyond India and tapping into geographies with large resource bases,' the official said. 'This includes participating in upcoming auctions in India and evaluating development opportunities overseas.' Chile, the world's top copper producer, has emerged as a key focus in HCL's overseas plan. A five-member delegation from Chile's state-run copper major CODELCO is currently visiting India until July 11 to explore cooperation opportunities under a bilateral agreement signed earlier this year. Led by CODELCO's Director of South Chile & International Explorations, Angelo Giovanni Giuseppe Aguilar Catalano, the delegation is visiting multiple HCL units to assess operational capabilities, examine workflows, and review technology readiness. According to officials, the Chilean team will submit an interim assessment report on July 10 based on their on-ground observations. The visit is part of the follow-up to a memorandum of understanding (MoU) signed between HCL and CODELCO in April, in the presence of Prime Minister Narendra Modi and Chilean President Gabriel Boric Font. The MoU aims to facilitate deep exploration, value addition, and technical collaboration in copper mining and development. 'This partnership with CODELCO is strategically significant,' said Sanjiv Kumar Singh, Chairman and Managing Director of Hindustan Copper. 'It is structured to focus on deep exploration by leveraging CODELCO's global expertise to locate deeper ore bodies and enhance our internal technical capacity. We are also evaluating the possibility of forming a joint venture for copper block development in Chile.' The Chilean delegation includes specialists from multiple domains—Jose Ramom Abatte Perez (Innovation & Technology), Carlos Abelardo Vilches Donoso (Tailing Management), Jorge Luis Espindola Landa (Geotechnical Engineering), and Sergio Jonathan Pichott Heriquez (Geometallurgy)—who are conducting technical assessments across HCL's key mining operations. On the domestic front, HCL is preparing to participate in the Ministry of Mines' upcoming auctions for copper, rare earths, and other critical mineral blocks. 'We are actively tracking the auction pipeline and will evaluate each opportunity based on geological viability and long-term strategic relevance,' the senior official said. India's refined copper consumption stood at about 1.3 million tonnes in FY24 and is expected to double to nearly 2.6 million tonnes by 2030. This surge is driven by demand from sectors such as renewable energy, electric vehicles, electronics, construction, and grid expansion. 'Copper is going to be a key enabler of India's clean energy ambitions and digital infrastructure,' Singh said. 'To meet this challenge, we are expanding our production footprint and also working to increase our reserve base, which currently stands at around 750 million tonnes as of 2024.' As part of its ongoing capacity expansion, HCL has committed ₹2,000 crore to increase its ore output from 4 million tonnes per annum (MTPA) to 12.2 MTPA by FY31. The company is also reviving key mining projects in Jharkhand and Rajasthan to boost domestic supply and reduce import dependence.
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Business Standard
23-06-2025
- Business
- Business Standard
Delegation from Chile in India to visit various units of Hindustan Copper
State-run Hindustan Copper Ltd (HCL) on Monday said a delegation of mining experts from Chile will visit various units of the PSU over the next three weeks to assess mining and operational aspects and explore opportunities for knowledge sharing and value addition. This comes after a memorandum of understanding (MoU) between HCL and CODELCO in the presence of the Prime Minister Narendra Modi and President of Chile Gabriel Boric Font, in April. "HCL welcomed a delegation from CODELCO (Corporacin Nacional del Cobre), the state-owned copper mining company of Chile, in New Delhi early today. In a first-of-its-kind mission in India, experts from the Chilean Copper major will be visiting all HCL units and offices across the country to assess various mining and operational aspects," the PSU said in a statement.
Globe and Mail
03-06-2025
- Business
- Globe and Mail
Natural hazard and avalanche prevention: French group MND strengthens its position as global leader
CHAMBÉRY, France , June 3, 2025 /CNW/ -- MND is the world leader in avalanche risk prevention and control. The company has just won new contracts in Canada , the United States , Chile , Argentina , and Norway . Full-scale projects on five continents Canada MND secures the access road to the Brucejack gold mine in British Columbia . The 76-kilometer Knipple Glacier road must remain accessible 24/7 in all weather conditions. MND installs a Gazex system to protect certain sections. The operator NEWMONT, through its distributor AVATEK, chose MND for the reliability and autonomy of the 13 Gazex, adapted to extreme environments. United States The California Department of Transportation in charge of the road network, has renewed its contract with MND for a further three years and the replacement of six Gazex systems in Tahoe Valley. Chile At the CODELCO Bronces copper mine, MND is modernizing the communication systems of forty Gazex units. The system includes satellite connectivity with redundancy via 18 satellites, guaranteeing secure communication between the control bases and the SAFET-Cs web platform. An installation is also planned for the Coldelco mine, at an altitude of over 3,000 metres. Argentina At the Las Leñas ski resort (800 kilometers from Buenos Aires ), MND is modernizing a Gazex installation at an altitude of 7,200 to 11,200 feet. Norway MND secures the trunk road on the island of Arnøya with 24 removable O'BellX® units, a radar and a weather station. This system protects a ski touring route. The contract covers operation and maintenance of the site for a renewable five-year period. More than 3,000 MND systems are installed in 22 countries, protecting industrial sites, railroads, roads, ski resorts and villages. The Chamonix valley is equipped to provide safe access to the Mont-Blanc tunnel. MND products are designed and assembled in France . Products are protected by numerous patents. MND is a French group specializing in rope access, snowmaking systems, mountain safety and thrill-seeking leisure infrastructures. With over 3,000 customers in 49 countries, MND's four core businesses contribute to mobility, leisure and safety with proven, sustainable solutions based on its mountain experience. MND is present in over 50 countries Photo - Logo -
