Hindustan Copper Ltd (HCL) has signed a Memorandum of Understanding (MoU) with NTPC Mining Ltd (NML) on December 2, 2025. The MoU aims to jointly explore opportunities in copper and critical mineral block auctions, develop and operationalize mining blocks, and process minerals. The collaboration focuses on leveraging existing assets and exploring both domestic and overseas projects, supporting the development of the copper and critical minerals sector.
Strategic Collaboration for Mineral Development
Hindustan Copper Ltd (HCL) and NTPC Mining Ltd (NML) have entered into a Memorandum of Understanding (MoU) as of December 2, 2025, signaling a significant step towards collaborative mineral exploration and development.
Key Objectives of the MoU
The primary goal of this partnership is to jointly participate in auctions for copper and critical mineral blocks. Both companies will work together to develop and operationalize these blocks, focusing on exploration, mining, and processing activities.
Focus on Exploration and Processing
The partnership will facilitate the exploration of joint investment possibilities related to the development, mining, and processing of assets under HCL. The companies also plan to collaborate on existing and future copper and critical mineral projects both in India and abroad. This initiative is designed to enhance the mineral resource base and processing capabilities of both organizations.
Source: BSE