Hindustan Copper Limited (HCL) is forging a partnership with Chile’s Codelco to enhance its technical strength and boost production to 12 million tonnes per annum by FY 2030-31.

July 06, 2025

Hindustan Copper Limited (HCL) is making a global collaboration with Chile’s Codelco as it seeks to focus on copper exploration and production. The company is ramping up its mining capacity from 3.47 million tonnes to 12 million tonnes per annum by FY 2030-31,as per a media report.

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The Kolkata-based PSU has forged a partnership with Codelco to enhance technical strength and boost production. A three-week-long visit by experts from the Chilean copper firm is currently underway. The overseas team has been visiting all HCL units and offices across the country to assess various mining and operational aspects.

Central to HCL’s expansion plan is the Malanjkhand Copper Project (MCP) in Madhya Pradesh. The plant has completed its transition to underground mining and is now relying on technical expertise from Codelco, to accelerate progress.

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The MoU between the two companies currently emphasises technical collaboration that might be expanded in the future, depending on progress and mutual interest of both. The company also plans to raise the mine’s capacity to 5 million tonnes per annum, making it a cornerstone of HCL’s long-term capacity expansion roadmap.