HCL to revive Rakha Copper Mines after 24 years as lease deed signed 

Jamshedpur: In a landmark development for India’s mining sector, the Jharkhand Government has formally executed the Rakha Mining Lease Deed, paving the way for the reopening and expansion of the historic Rakha Copper Mines in East Singhbhum.

Speaking on the occasion, Deputy Commissioner Karn Satyarthi said the successful execution of the lease reflects the state government’s clear policy and commitment to responsible mining. “This project will ensure environmental compliance while creating new opportunities for the people of East Singhbhum. It will accelerate inclusive growth and sustainable development,” he said.

HCL’s Executive Director-cum-Unit Head expressed gratitude to the state government and district administration, noting that Hindustan Copper Limited — India’s only vertically integrated copper producer — is prepared to scale up production and strengthen the nation’s mineral economy.

The Rakha mine, closed since 2001, will now return to operation with an ambitious production plan of 3 million tonnes of ore annually. A new concentrator plant with a matching capacity is also set to be developed. The revival is expected to generate nearly 10,000 direct and indirect jobs, providing a major boost to local employment and the regional economy.

The reopening of the Rakha mines not only brings back a legacy project but also reinforces Jharkhand’s role as a powerhouse of India’s mineral sector.