Jamshedpur:
In a landmark step for India’s mining industry, the Jharkhand government has formally executed the Rakha Copper Mines lease deed, paving the way for the much-awaited reopening and expansion of the mine located in East Singhbhum district.
On behalf of the state government, Deputy Commissioner Karan Satyarthi signed the lease deed, while the Executive Director-cum-Unit Head of Hindustan Copper Limited’s (HCL) Indian Copper Complex (ICC), Ghatsila signed on behalf of the company. Additional Deputy Commissioner Bhagirath Prasad and District Mining Officer Satish Kumar Nayak were also present at the occasion. The lease has been renewed for 20 years, opening new opportunities for copper extraction in the region.
Economic Growth & Job Creation
The Rakha mine had been lying closed since 2001. With this lease renewal, copper mining will resume after 24 years. HCL is expected to produce around 3 million tonnes of ore annually, supported by a new concentrator plant with a similar capacity.
The project is expected to generate nearly 10,000 direct and indirect jobs, boosting local employment and economic activity in the region.
READ MORE :Jamshedpur News :Chain Snatching Case Solved in Sakchi, Three Accused Arrested
Government’s Commitment
Deputy Commissioner Karan Satyarthi said the execution of the Rakha lease deed reflects the state government’s strong commitment to promoting growth and transparency in the mining sector. He emphasized that strict compliance with environmental norms and local welfare will be ensured.
The Executive Director of HCL expressed gratitude to the Jharkhand government and district administration for their cooperation. He noted that the reopening of Rakha mines will not only benefit Jharkhand but also strengthen India’s journey towards copper self-reliance.
Role of Hindustan Copper Limited
Hindustan Copper Limited, a Government of India enterprise, is the country’s only vertically integrated copper producer, with activities spanning mining, smelting, refining, and casting. The Ghatsila-based ICC, which includes Rakha mines, is a vital part of HCL’s operations.
The reopening of Rakha mines is seen as a milestone in Jharkhand’s mining history, promising both industrial growth and socio-economic development in the region.
