STATE-RUN COPPER MINER Hindustan Copper is looking to engage a mine developer-cum-operator (MDO) to reopen Rakha mine after it recently received in-principle consent from the Jharkhand government for the lease renewal.
The project would require capital expenditure of over ₹2,000 crore spreading over the next few years, the firm said.
The mining lease for Rakha mine expired in August 2021. The renewal application submitted to the Jharkhand government in April 2020 had been matter was pending with the state's director of mines.
Rakha mine has been closed since 2001.
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