HINDCOPPER

On November 9, 1967, Hindustan Copper was being incorporated as Hindustan Copper (Private) Limited under the Companies Act with the Registrar of the Companies, Rajasthan. Soon, it became a public limited company as per the shareholder's resolution as on February 27, 1968, and the company name was also changed to Hindustan Copper Limited, and soon it received a fresh certificate of incorporation as in March 26, 1968. It is the only one operating copper ore producing mining company in the country and the only vertically integrated producer of the primary refined copper in nation, Government of India (GoI), Ministry of Mines (MoM). India has a significant imbalance among its copper smelting/refining capacity as well as its copper ore mining capacity. Also, the refined copper production capacity in the nation for fiscal 2010 was more than 1 million tonnes of copper, and it requires about 100 million tonnes of copper ore (maybe a copper content of 1%). Its copper ore production in India for fiscal 2010 was about 3.21 million tonnes. As it is also the only operating copper ore producing mining company in the country and also has access to over two–thirds of India copper ore reserves. It shows an attractive growth opportunity for the company. Also, their principal activities include mining of copper ore, the concentration of copper ore into a copper concentrate via a beneficiation process and also refining, smelting, and extruding of the copper concentrate into the refined copper in downstream saleable products. And some other than selling refined copper products mainly in the form of continuous cast wire bars, wire rods, and copper cathodes, and also sell surplus copper concentrate. Besides, it sells many by-products generated via the copper manufacturing process, and it also includes anode slime having gold and silver and sulphuric acid. So its principal operations include three copper ore mining complexes such as the Khetri Copper Complex (or KCC) at Khetrinagar in Jhunjhunu district, Rajasthan, the Indian Copper Complex (or ICC) at the Ghatsila in the East Singhbhum district, Jharkhand, and the Malanjkhand Copper Project (or MCP) at Malanjkhand in Balaghat district, Madhya Pradesh. In this, each of them consists of one or more copper ore mines and have their beneficiation plants in the country. Both of the KCC and ICC complexes also have their smelting and refining facilities, and due to that, the KCC facilities have been shut down for various economic reasons.

The Products of the Company:

Some of the Main Products

• Continuous Cast Copper Rod
• Copper Cathode
• Copper Concentrate

Some of the By-Products

• Copper Sulphate
• Sulphuric Acid
• Reverts
• Anode Slime

Some of the Milestones:

• 1967: It was incorporated and assets at Khetri, Rajasthan were being transferred to the company from National Mineral Development Corporation Limited.
• 2002: The second restructuring of the company that was approved by the GoI.
• 2008: The third restructuring of the company that was approved by the GoI.
• 2008: The company was being granted Miniratna–Category I status.
• June 20, 2010: It received GoI approval for disinvestment of 10% paid-up equity capital of Hindustan Copper out of the GoI's shareholding.
• Aug 18, 2010: It also set up a JV with HGML for the revival of its closed copper mine.
• Oct 01, 2010: It gets the prospecting Lease for Baniwali Ki Dhani by the Government of Rajasthan.
• Dec 13, 2010: It expands its capacity to 12.5 million tones.

Some of the Achievements:

• The Company received a License for the quality management systems certification IS/ISO 9001:2008 as on January 25, 2008, was awarded by the Bureau of Indian Standards at ICC.
• The Company was awarded ISO 9001:2008 standard as on May 22, 2010 by the Bureau Veritas Certification (India) Private Limited certifying that the management system of the company at TCP (in relation to manufacture of CC Rods in diameters of 8 mm, 13 mm and 16 mm) and has been audited and also is in accordance with the standard needs.