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Hindustan Copper Ltd. — Investor Presentation 2021
Mar 3, 2021
61586_rns_2021-03-03_ceda5a7a-43f0-4c16-80a9-9056e96e0715.pdf
Investor Presentation
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Disclaimer

The information contained in this presentation is provided by Hindustan Copper Limited (the "Company") to you solely for your information. This document is highly confidential and being given solely for information purpose only and may not be retained by you and neither this presentation nor any part thereof may be (i) used or relied upon by any other party or for any other purpose; (ii) copied, photocopied, duplicated or otherwise reproduced in any form or by any means; or (iii) re-circulated, redistributed, passed on, published in any media, website or otherwise disseminated, to any other person, in any form or manner, in part or as a whole, without the prior written consent of the Company. Any unauthorized use, disclosure or public dissemination of information contained herein is prohibited. This presentation does not purport to be a complete description of the markets' conditions or developments referred to in the material.
This presentation is not a prospectus, a statement in lieu of a prospectus, an offering circular, an advertisement or an offer document under the Companies Act, 2013, and the rules made thereunder, as amended, the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended, or any other applicable law in India.
This presentation is for private circulation only and does not constitute and should not be construed as an offer or invitation or inducement to sell or issue, or any solicitation of any offer to purchase or subscribe for, any securities of the Company, nor shall it or any part of it or the fact of its distribution form the basis of, or be relied on in connection with, any contract or commitment therefor. This presentation is for general information purposes only, without regard to any specific objectives, financial situations or informational needs of any particular person.
No representation, warranty, guarantee or undertaking, express or implied, is or will be made or any assurance given as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of any information, estimates, projections or opinions contained herein. Potential investors must make their own assessment of the relevance, accuracy and adequacy of the information contained in this presentation and must make such independent investigation as they may consider necessary or appropriate for such purpose. The statements contained in this presentation speak only as at the date as of which they are made, and the Company expressly disclaims any obligation or undertaking to supplement, amend or disseminate any updates or revisions to any statements contained herein to reflect any change in events, conditions or circumstances on which any such statements are based. Neither the Company nor any of its respective affiliates, its board of directors, its management, advisers or representatives, including any lead managers and their affiliates, or any other persons that may participate in any offering of securities of the Company, shall have any responsibility or liability whatsoever (in negligence or otherwise) for any loss howsoever arising from any use of this presentation or its contents or otherwise arising in connection with this presentation.
The Company may alter, modify or otherwise change in any manner the contents of this presentation, without obligation to notify any person of such revision or changes. Past performance information in this presentation should not be relied upon as an indication of (and is not an indicator of) future performance. Certain statements made in this presentation may be "forward looking statements" for purposes of laws and regulations of India and other than India. These statements include descriptions regarding the intent, belief or current expectations of the Company or its directors and officers with respect to the results of operations and financial condition, general business plans and strategy, the industry in which the Company operates and the competitive and regulatory environment of the Company. These statements can be recognized by the use of words such as "expects," "plans," "will," "estimates," "projects," or other words of similar meaning. Such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and actual results may differ from those in such forward-looking statements as a result of various factors and assumptions, including future changes or developments in the Company's business, its competitive environment, information technology and political, economic, legal, regulatory and social conditions in India, which the Company believes to be reasonable in light of its operating experience in recent years. The Company does not undertake to revise any forward-looking statement that may be made from time to time by or on behalf of the Company.
This presentation contains data sourced from and the views of independent third parties. In replicating such data in this document, the Company does not make any representation, whether express or implied, as to the accuracy of such data. The replication of any third party views in this document should not necessarily be treated as an indication that the Company agrees with or concurs with such views.
This presentation is not an offer to sell or a solicitation of any offer to buy the securities of the Company in the United States or in any other jurisdiction where such offer or sale would be unlawful. Securities may not be offered, sold, resold, pledged, delivered, distributed or transferred, directly or indirectly, in to or within the United States absent registration under the United States Securities Act of 1933, as amended (the "Securities Act"), except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and in compliance with any applicable securities laws of any state or other jurisdiction of the United States. The Company's securities have not been and will not be registered under the Securities Act. Neither this document nor any part or copy of it may be distributed, directly or indirectly, in the United States. The distribution of this document in certain jurisdictions may be restricted by law and persons into whose possession this presentation comes should inform themselves about and observe any such restrictions. By reviewing this presentation, you agree to be bound by the foregoing limitations. You further represent and agree that you are located outside the United States and you are permitted under the laws of your jurisdiction to receive this presentation. Any failure to comply with these restrictions may constitute a violation of applicable securities laws.
Company Overview
The Copper Miner to The Nation

| LongStandingPresence withstrong Parentage | ▪A 'Miniratna' Category 1 CPSEs▪5 decades of extensive experience in copper mining & refined copper production▪Government of India (GoI) shareholding of 76.05%▪Named the industry leader (base metals) at the 2016 PLATTS Global Metals Awards | |
|---|---|---|
| VerticallyIntegratedOperations | ▪Sole vertically integrated producer of refined copper in India▪Major activities include mining, ore beneficiation, smelting, refining and extruding ofrefined copper into downstream products | |
| Sole Copper OreProducer in India | ▪Only operating copper ore mining company in India▪Owns all the operating mining lease of copper ore▪Proven experience and expertise in developing and operating copper mines | |
| Access toSubstantialReserves &Resources | Has access to about 2/5th▪of India's copper ore reserves and resourcesReserves: 167.08 Million tonnes1 (estimated balance as on 01.04.2020)▪1▪Resources & Reserves: 570.40 Million tonnes(estimated balance as on 01.04.2020) | |
| Clear Roadmapfor Expansionbacked byexponentialdemand | ▪Phase I Increase capacity from 3.97 Mtpa to 12.2 Mtpa –currently under implementation▪Phase II 12.2 Mtpa to 20.2 Mtpa. | |
| Robust FinancialPerformance | Rs. 1,38,597 Million 2▪Market Capitalization –▪Dec 31, 2020 (09 months) Revenue from Operations Rs. 12,645 million, PAT Rs. 1,468million3Credit Rating: Short Term: ICRA A1+; Long Term; ICRA AA(Stable)4▪ |
Notes: 1. Reserves and Resources numbers are as per the chartered engineer certificate dated March 2, 2021
-
BSE as on Feb 26, 2021
-
Based on stock exchange filings for the period ended Dec 31st, 2020
-
ICRA credit rating report, October 2020
-
MTPA – Million Tonnes Per Annum
Operating units

| Khetri | Copper Complex (KCC) 1 |
|---|---|
| State | Rajasthan |
| InceptionFacility | 1967Mining (underground) & Beneficiation |
| Product | Copper Concentrate |
| Capacity(As per EC) | Ore 3.0 mn tonnes p.a. |
| Gujarat Copper Project (GCP) | |
| State | Gujarat |
| Acquisition | 2015 |
| Facility | Secondary smelting &Refining |
| Product | Coppercathode, anode slime |
| Capacity | Cathode 50,000 tonnes p.a. |
| Taloja | Copper Project (TCP) |
| State | Maharashtra |
| Inception | 1988 |
| Facility | Continuous casting |
| Product | Copper wire rod |
| Capacity | 60,000 tonnes p.a. |
Evolution & Share Holding Structure



Notes:
- Platts 2016 global metal awards; https://gma.platts.com. Golden Peacock award for CSR in Jan 2017, CSR Leadership awards in 2019
-
- BSE as of February 26, 2021
-
- Shareholding position as on Dec 31, 2020
Key Highlights

Significant Growth Potential in Copper Consumption in India

Only Vertically Integrated Operations for refined copper



Clear Roadmap for Expansion backed by exponential demand

Healthy Financial Performance
Global Copper Production and Usage Highlights 1a


- Growth driven by China, with usage of over 51% (12.7 Mn. tonnes) in 2019
- Equipment was the largest end use sector followed by building construction and Infrastructure.
- India is the 6th largest importer of copper ore and concentrates in 2019
Major Uses of Copper in 2019



World Refined Copper Production (Primary+Secondary)

▪ Secondary refined production for 2019 was 4.1 Mn. tonnes. China was the largest producer.

India's Per Capita Copper Consumption currently low – Expected to increase substantially

Domestic Copper Consumption to Increase

Copper demand in electrical segment is growing due to demand in infra sector as a result of affordable housing schemes, rural electrification and more urbanization.
Source: Ministry of Mines, Annual Report 2019-20

India's copper consumption is concentrated in Electrical industry in contrast with the rest of the world which is concentrated in Building and Construction
Source: Ministry of Mines, http://mines.nic.in/
Government initiatives will further Increase Growth of the Copper Consuming Industries

Source:
-
- Ministry of power , http://powermin.nic.in/
-
- Make in India, http://makeinindia.com/
Mining Capacity to increase on the backing of demand

World Copper Mine Capacity to increase



Rajasthan: Largest reserves / resources of copper ore.
813 million tonnes (53.81%)

- Jharkhand: 295 million tonnes (19.54%)
- Madhya Pradesh: 283 million tonnes (18.75%).
- Other Copper Reserves / resources accounted for the remaining 7.9%: Andhra Pradesh, Gujarat, Haryana, Karnataka, Maharashtra, Meghalaya, Nagaland, Odisha, Sikkim, Tamil Nadu, Telangana, Uttarakhand and West Bengal.
Significant Gap in Domestic Copper Ore Mining Capacity and Consumption by Custom Smelters in India

- Significant mismatch between India's processing requirement and copper mining capacity
- Approximately 100 mn tonnes of copper ore (assuming a copper content of 1% ) is required to produce 1 mn tonne of refined copper
- The copper ore production in India for 2019-20 was 3.97 mn tonnes, meeting only ~4% of the country's demand 1 . The current mining capacity is entirely catered to by HCL
- Custom smelters are relying on imported copper concentrate to feed their plants
Hindustan Copper Advantage
- Mining is the maximum value creator in the value chain of copper
- HCL has identified mining as its core focus area
1c
- With 2/5th of the reserves and resources HCL is a significant player
- Owns all the operating mining leases in the country. Mine expansion is under way, significant capacity expansion to be achieved from 3.97 Mtpa to 12.2 Mtpa in Phase I and thereafter from 12.2 Mtpa to 20.2 Mtpa in Phase II.
- Significant potential for copper concentrate consumption in the country. Currently the requirements are met through Imports by custom smelters
India's Refined Copper Capacity vs. Copper Mining Capacity (as of FY19)

Notes
-
- Refining capacity break-up ('000 tonnes)
- i. Hindalco: 500.0
- ii. Vedanta: 460.0
- iii. HCL : 68.5
-
- Indicates the amount of refined copper that can be extracted from the current copper ore production in India
Key Highlights

Significant Growth Potential in Copper Consumption in India
Only Vertically Integrated Operations for refined copper
Sole Operating Copper Ore mining Company in India
Access to Substantial Copper Ore Reserves in India
Clear Roadmap for Expansion backed by exponential demand

Healthy Financial Performance


Smelting and refining and manufacturing of rods facilities are utilised when TcRc moves up. The currently TcRc prices are low. As per the current business plan, HCL is selling copper concentrate only as it gives highest realisation to the company.
2b Production and Sale Overview

Production Overview


Sales Overview

The Company's margins are currently highest for sale of the product 'Metal in concentrate' form and hence are currently not manufacturing cathode and wire rods.
Signed a long term agreement with one of the Indian Conglomerate for sale of copper concentrate of more than 60% of total production.

▪ Cathode
▪ Copper Concentrate Grade 17-26%

- Applications Smelting and Refining of Copper Products
- Applications Alloys, foils, CC Wire Rods
▪ Continuous Cast Wire Rod Diameter(mm): 8, 11, 12.5, 16, 19.6 (+/- 0.50 mm)
Purity: 99.99% - equivalent to LME
Grade – "A" specification

▪ Applications Winding wires, strips, etc.
- By Products
- Anode Slime containing precious metals
- Sulphuric Acid
- Copper Sulphate
- Granulated Slag

▪ Applications Anode Slime – production of gold and silver
Key Highlights

Significant Growth Potential in Copper Consumption in India
Only Vertically Integrated Operations for refined copper
Sole Operating Copper Ore mining Company in India
Access to Substantial Copper Ore Reserves in India
Clear Roadmap for Expansion backed by exponential demand

Healthy Financial Performance
Only Operating Copper Ore Producer in India 3

Experience and expertise in developing and operating Copper Mines

Copper Reserves and Resources as on April 1, 2020
| Reserves 1 | Average | Average | ||
|---|---|---|---|---|
| Mines | (mnTonnes) | Grade(% Cu) | Resources 2(mnTonnes) | Grade(% Cu) |
| MCP | ||||
| Malanjkhand | 120.35 | 1.31 | 186.57 | 0.66 |
| ICC | ||||
| Surda | 5.02 | 1.16 | 26.96 | 0.99 |
| Rakha | 3.36 | 1.14 | 43.83 | 0.94 |
| Kendadih | 0.77 | 1.41 | 17.76 | 1.25 |
| Sideshwar | 00 | 00 | 13.73 | 1.46 |
| Chapri | 00 | 00 | 49.87 | 1.05 |
| Tamapahar | 00 | 00 | 26.46 | 0.86 |
| Total ICC | 9.15 | 1.17 | 178.61 | 1.04 |
| KCC | ||||
| Khetri | 25.33 | 1.44 | 23.49 | 1.40 |
| Kolihan | 9.07 | 1.31 | 4.57 | 1.41 |
| Chandmari | 3.18 | 1.11 | 10.08 | 0.95 |
| Total KCC | 37.58 | 1.38 | 38.14 | 1.28 |
| Total | 167.08 | 1.32 | 403.32 | 0.89 |
Operating Mines
HCL has significant Mining Resources with high grade of copper in Ore
- Note: 1. Proved + Probable
-
- Remaining Mineral Resources
Key Highlights

Significant Growth Potential in Copper Consumption in India
Only Vertically Integrated Operations for refined copper
Only Operating Copper Ore producing mining in India
Access to Substantial Copper Ore Reserves in India
Clear Roadmap for Expansion backed by exponential demand

Healthy Financial Performance
Access to Substantial Copper Ore Reserves in India
(as on 01/04/2020) 4

HCL has access to about 2/5th of India's copper ore resources & reserves

Key Highlights

Significant Growth Potential in Copper Consumption in India

Only Vertically Integrated Operations for refined copper


Access to Substantial Copper Ore Reserves in India
Clear Roadmap for Expansion backed by exponential demand

Healthy Financial Performance
5a Expansion Strategy: Thrust Areas

5b Estimated Production Capacity and Project wise Capex

| (MTPA) | ExistingCapacity(MT) | Phase IExpansion | Phase 1 estimatedcapex(Rs. Mn.) | Scheduled startof Production(Phase I) | Phase IIExpansion | Total Capex(Phase-I + II)(Rs. Mn,) | |
|---|---|---|---|---|---|---|---|
| Malanjkhand | 2.54 | 5.0 | 18,560 | 2022 | 8.0 | 29,000 | |
| Expansion of | Khetri andKolihan | 0.86 | 2.3 | 4,430 | - | 4.4 | 9,100 |
| Existing Mines | Surda | 0.31 | 0.9 | 2,190 | 2022 | 1.0 | 3,500 |
| Total | 3.71 | 8.2 | 25,180 | 13.4 | 41,600 | ||
| Kendadih | - | 0.4 | 940 | 2022 | 0.2 | 950 | |
| Reopening ofClosed Mines | Rakha | - | 1.5 | 3,150 | - | 2.5 | 5,500 |
| Total | - | 1.9 | 4,090 | 2.7 | 6,450 | ||
| Banwas | 0.26 | 0.6 | 900 | Commencedproduction inFeb 2018 | 0.6 | 900 | |
| Establishing New | ChapriSidheshwar | - | 1.5 | 4170 | - | 2.5 | 5,500 |
| Mines | DhobaniPathargoraBlock | - | - | - | - | 1.0 | 550 |
| Total | 0.26 | 2.1 | 5,070 | 4.1 | 6,950 | ||
| Grand Total | 3.97 | 12.2 | 34,340 | 20.2 | 55,000 |
23 Source: Chartered Engineer certificate dated March 2, 2021. Costs stated are at the time of award / Based on Management estimates. Please note that these estimates are subject to risks including changes in expected capacity, changes in expected expansion cost, risks relating to delays in expansion, obtaining & maintaining mining leases at mining sites, obtaining
5c Current Status of Mine Capex for enhancement of Capacity

| Approval of Board | Finalization ofInviteIssuanceContract /RFQof RFQaward ofcontract | MineConstruction andDevelopment | ||||
|---|---|---|---|---|---|---|
| Mine | InvestmentApproval | Invite RFQ | Issuance ofRFP | FinalizationofContract /Award ofcontract | Current status of MineCapex | LikelyScheduledCompletion |
| Malanjkhand | Investment approvals in place | Completed | Completed | Completed onApril 9, 2015 | Startedin 2015 –Work inProgress | FY22 |
| Khetri | Investment approvals in place | Under Tendering Stage with modified design | ||||
| Surda | Investment approvals in place | Completed | Completed | Completed onNovember 18,2011 | Work-in-Progress | Mining leaseextension awaited |
| Kendadih | Investment approvals in place | Completed | Completed | Completed onJanuary 20, 2012 | Dewateringandcommissioning of miningfacilities completed .Development work inprogress. | Production willstart soon.FY22 |
| Rakha | Investment approvals in place | Through | MDO (Mine Developer cum Operator) route | |||
| ChapriSideshwar | Investment approvals in place | Through | MDO (Mine Developer cum Operator) route | |||
| Banwas | Investment approvals in place | Completed | Completed | Completed onFebruary 1, 2010 | Development of depositContractor appointed andcommenced in 2018 . | completedproduction has |
Movement of Loan 5c


Long term loan of Rs. 10,849.1 Million at an average cost of 6.17% p.a. Short term loan of Rs.1,455.0 Million at average cost of 6.60% p.a. CC facility of Rs. 400 Million at 6.31% p.a.
5e Exploration for New Deposits


Application Submitted for Reservation of area for Conservation of Copper Mineral under Rule 17(A) of Mines and Minerals (Development and Regulation) Act, 1957
Notes:
1 Awarded RP in 580.73 sq km in the district of Balaghat in MP
2 Map not to scale and is presented only to provide an indication of approximate locations of our mining complexes


| Project | AuthorisedCapital(INR mn) | Status |
|---|---|---|
| CHHATTISGARH COPPER LIMITEDJVwith CMDC for exploration &exploitation of copper in ChhattisgarhState (HCL holding 74%). | 100 | ▪ChhattisgarhCopperLimitedhasbeenincorporatedon21.05.2018asJVCompanybetweenHCLandCMDC.▪Explorationidentifiedandareareservationappliedfor2Blocks▪CMDC(JVpartnerofCCL)hasappliedtoNMETforfundsupportforexplorationactivityinCCLcopperblocksHiddarandBodalinChhattisgarh |
| KHANIJ BIDESH INDIA LIMITED(KABIL)JV withNALCO and MECL to identify ,acquire, develop , process and makecommercial use of strategic & otherminerals in overseas locations forsupply in India (HCL holding 30%). | 1,000 | ▪KhanijBideshIndiaLimited(KABIL)hasbeenincorporatedon08.08.2019asaJVcompanybetweenNALCO,HCLandMECL.▪KABILisco-ordinatingwithcountrieslikeArgentina,Bolivia,DRCongo,Australia,Russiaetc.whohavepotentialofsuchcriticalminerals,specificallylithiumandcobalttofulfillitsobjectiveofsourcingthesecriticalmineralstoIndiatodevelopdomesticBatteryindustryforElectro-vehicles. |
Key Highlights

Significant Growth Potential in Copper Consumption in India

Only Vertically Integrated Operations for refined copper


Access to Substantial Copper Ore Reserves in India
Clear Roadmap for Expansion backed by exponential demand

Healthy Financial Performance
6 Key Financials


Note:
1 Revenue includes Net sales + Other Operating Income + Other income


Total Revenue EBITDA and EBITDA Margins

Networth = Equity + Reserves & Surplus – Capital Reserve- Currency Fluctuation Reserve – Mine Development Exp
Source: Financial data for FY18, FY19, FY20 -Annual Reports, Financial Data for 9 Month Dec 20-Stock Exchange filings
HCL's Copper Concentrate is Superior Kind of Clean Concentrate
- Copper concentrates divided into clean or complex types depending on presence of deleterious elements.
- The main impurities (deleterious elements) in complex concentrates are Sb, As, Bi, Cd, Cl, F, Pb, Hg, etc.
- Each element has a threshold level above which a smelter will charge a penalty in addition to treatment/refining charges (Tc/Rc).
- There may also be an upper limit over which the smelter will reject the concentrate.
- Penalty charges exist to cover the extra costs incurred by the smelter in processing and safely storing contaminated (deleterious) materials.
- Around 30% of world copper concentrates output contains more than 0.1% or 1,000 ppm As.
- Complex copper concentrates have an As content greater than 0.2% (2,000 ppm) with no upper limit, although China imposes a limit of 0.5% As (5,000 ppm) on imported base metal concentrates. Mines, such as Toromocho in Peru (1% As) and Ministro Hales in Chile (4% As), Marcapunta in Peru (8% As), Chelopech in Bulgaria (6% As) and Chuquicamata in Chile (1.2% As)
- The Arsenic (As), Sb, Bi, Pb, Hg, Cd etc content in HCL's copper concentrate is in the range of 10 ppm, 30ppm, 25 ppm, 100 ppm, not detected, not detected level respectively hence considered as one of the cleanest concentrate in the World.
Historical | Stock Performance vis-à-vis Indices 7a
Hindustan Copper Performance vis-à-vis Indices



London Metal Exchange (LME) Copper Price avg. above USD 6,500/tonne last 10 years

Copper Price movement for the last 20 years

Appendix
Experienced Management Team w.e.f. Jan 2020


Shri Arun Kumar Shukla Chairman and Managing Director Additional charge of Director (Operations)
- Holds Bachelor's degree in Mining and M.Tech. in Environmental Engineering from IIT (ISM), Dhanbad. He also holds Degree in Law (LL.B). He possesses First Class Mines Managers' Certificate under the Mines Act, 1952.
- He started his carrier in Coal India Ltd and worked there for more than 21 Years. He later Joined NMDC in October 2006. On deputation from NMDC Mr. Shukla also served as Managing Director of Jharkhand State Mineral Development Corporation Limited for about 2 Years.
- Prior to Joining Hindustan Copper Ltd. (HCL) as Director (Operations) in October 2018, he was working as Executive Director in NMDC and was heading one of its major unit namely Bailadila Iron Ore Mines, Bacheli Complex in Bastar District of Chhattisgarh.
- He has taken charge as CMD of HCL from Jan 2020
- Recipient of prestigious FIMI Golden Jubilee Awards for Excellence (2016-17) & TATA Steel Mining Sustainability Award (2017-18).

Shri Sukhen Kumar Bandyopadhyay Director (Finance ) Additional charge of Director (Mining)
- Holds a Bachelor's degree in Science and Professional degree of Institute of Cost & Management Accountants of India. Before joining HCL as Director (Finance) on July 2018, Shri Bandyopadhyay was CGM (Finance & Accounts) in SJVN Ltd, Schedule A CPSU.(JV of GoI & Govt. of HP)
- During his professional career spanning 32 years in executive position, he had served in many key administrative positions in the different fields of Finance & Accounts for the execution of Hydro/Thermal/ Gas/Solar/ Wind Projects in NEEPCO & SJVN Ltd (CPSUs) and in PPCL & IPGCL (Delhi Govt. PSU), on deputation.
Mining Lease Status as on February 2021

| State | Mining Lease | Capacityas per EC | Area inHect. | Date of InitialGrant of MiningLease | Lease Renewal / Extension –Present Status |
|---|---|---|---|---|---|
| Surda | 0.90 | 388.68 | 16.06.1939 | Leaseextensionwasupto31.03.20.(EChasbeenrecommendedbyMoEFCCsubjecttosubmissionofBankguarantee,MLrenewalandFCStage1approvals.) | |
| Jharkhand | Kendadih | 0.45 | 1139.60 | 03.06.1973 | Extended till 02.06.2023 |
| Rakha | 3.00 | 785.09 | 29.08.1971 | Extended till 28.08.2021. Applicationof renewal already made. | |
| Khetri | 1.5 | 395.07 | 23.02.1963 | Extendedtill 31.03.2040 | |
| Rajasthan | Kolihan | 1.5 | 163.23 | 24.11.1966 | Extendedtill 31.03.2040 |
| Chandmari | - | 148.45 | 27.12.1972 | Extended till 26.12.2022 | |
| MadhyaPradesh | Malanjkhand | 5.0 | 479.90 | 28.08.1973 | Extended till 27.08.2023 |
Source: Chartered Engineer certificate dated March 2, 2021
Mine Life and Exploration Plan as per Environmental Clearance

| State | Mining Lease | ReserveandResources as on01.04.2020. | Mine Life@ Phase-1 expanded capacity rate of12.2 MTPA production | DepartmentalExploration Plan |
|---|---|---|---|---|
| Surda31.98Mn Tonnes17 Years | ||||
| Jharkhand | Kendadih | 32.26Mn Tonnes | 36 Years | The tentativedepartmentalexploratory drillingwill be 7500 meter / |
| Rakha* | 123.52Mn Tonnes | 14Years | ||
| Khetri | 48.82 Mn Tonnes | 17 Years | year. The drillingwill be taken up as | |
| Rajasthan | Kolihan | 13.64 Mn Tonnes | 6 Years | per priority andrequirement of |
| Chandmari | 13.26 Mn Tonnes | EIA/EMP study forEC under progress | individual | |
| MadhyaMalanjkhand306.92 Mn TonnesPradesh | 23 Years | mines. |
*Depth exploration has enhanced the resources of Rakha mining lease recently by 60.17 million tonnes, thus reserve and resources as on date is 630.57 million tonnes @ 0.99% Cu.
Malanjkhand Copper Project (MCP)
Dist: Balaghat, Madhya Pradesh


- Expansion Plans
- From existing 2.5 mtpa to 5.0 in Phase-I and upto 8.0 mtpa in Phase-II
Mining Lease
| Area(sq. km.) | Expiry | |
|---|---|---|
| MCP | 4.7990 | 27/08/2023 1 |
Note: 1 Shall be extended as per Mineral (Mining by Government Company) Rules 2015
Copper Ore Production

Metal - in- Concentrate Production

Indian Copper Complex (ICC) Dist: Singhbhum, Jharkhand


Resources

Expansion Plans
- Increasing Surda Mines capacity from 0.4 Mtpa to 0.9 Mtpa (Ph-I) and upto1.0 Mtpa (Ph-II)
- Reopening of Closed Mines and establishing new Mines 3.0 Mtpa
Mining Lease
| Area(sq. km.) | Expiry | |
|---|---|---|
| ICC SurdaMines | 3.8868 | 31/03/2020 1 |
| ICC KendadihMines | 11.3960 | 02/06/2023 |
| ICC RakhaMines | 7.8509 | 28/08/2021 |
Note: 1 Extension expected soon as per Mineral (Mining by Government Company) Rules 2015
Copper Ore Production
('000 tonnes)
('000 tonnes)

Metal - in- Concentrate Production

Khetri Copper Complex (KCC) Dist: Jhunjunu, Rajasthan


Expansion Plans
▪ Increasing Khetri & Kolihan Mines capacity from 1.0 Mtpa to 3.0 (Phase-I) and upto 5.0 Mtpa (Ph-II)
Mining Leases
| Area(sq. km.) | Expiry | |
|---|---|---|
| KCC MiningLease | 3.9507 | 31/03/2040 |
| KolihanMining | 1.6323 | 31/03/2040 |
| ChandmariMining | 1.4825 | 26/12/2022 |
Copper Ore Production
('000 tonnes)

Metal - in- Concentrate Production

ISO Certification

| Sl. No | Location | ISO Details | Scope |
|---|---|---|---|
| 1 | Corporate office & regionalSales office | ISO 9001:2015 | •Sales & Dispatch of Copper & Copper By-Products |
| 2 | MalanjkhandCopper project | ISO 9001 :2015 | •Open Pit Mining, Excavation of Copper ore•Production & Dispatch of copper concentrate |
| ISO 14001:2015 | •Open Pit Mining, Excavation of Copper ore•Production & Dispatch of copper concentrate | ||
| ISO 45001:2018 | •Open Pit Mining, Excavation of Copper ore•Production & Dispatch of copper concentrate | ||
| 3 | Taloja Copper project | ISO 9001:2015NABL CERTIFICATION | •Manufactureofcontinuouscastcopperwirerodsindiameterof8mm,11mm,12.5mm,16mm&19.6m•Testing |
| (ISO/IEC 17025:2017) | |||
| 4 | Khetricopper complex | ISO 9001:2015 | •MiningofcopperorefromKhetri&kolihanMines•BeneficiationofCopperore |
| 5 | Indian Copper Complex | ISO 9001:2015 | •Refinery cathode |


