CHARTS: The coming critical minerals trade war is BRICS short of a load
"While a large number of countries around the world continue to talk about securing raw material supply, China is actually doing something about it."
India’s state-owned Hindustan Copper plans to develop two of its copper mines for which Adani Enterprises and Hindalco Industries have shown preliminary interest, a source with direct knowledge of the matter said.
“Adani and Hindalco attended the pre-bid conference earlier today,” the source said, declining to be identified due to the sensitive nature of discussions.
Both mines with a combined capacity of 3 million metric tons are located in the eastern state of Jharkhand. One of the mines called Rakha has been closed since 20 years.
“The Rakha mine was becoming costlier to operate, so we want to give it to a developer,” the source added.
Both Adani Enterprises and Hindalco did not immediately respond to a Reuters requests for comment.
(By Neha Arora and Navamya Ganesh Acharya; Editing by Vijay Kishore)
Comments
SingKhong
Adani and Hindalco showing interest in Hindustan Copper’s new mines is exciting! It signals major growth in India’s mining sector, promising more jobs and reduced import reliance.