HCL & NTPC Mining: Strategic MoU for Copper and Critical Minerals

Hindustan Copper Ltd (HCL) and NTPC Mining Ltd (NML) have signed a memorandum of understanding (MoU) to collaborate on the development of copper and other critical minerals.

Under the partnership, both companies will jointly participate in auctions for copper and critical mineral blocks and engage in exploration, mining, and processing activities. The agreement also includes evaluating joint investment opportunities for developing and processing minerals from HCL’s existing assets, as well as exploring potential projects in India and abroad, focusing on current and future copper and critical mineral resources.

The MoU aims to strengthen the companies’ positions in the growing global minerals market and lays the foundation for strategic collaboration in copper and critical mineral development, marking a key step toward enhancing India’s mining sector capabilities.

News by Rahul Yelligetti.