The Sajjan Jindal-led JSW Group has made a strategic move into the non-ferrous metals sector by acquiring two copper mines in Jharkhand. The mines were secured through a competitive bidding process from Hindustan Copper, marking JSW’s entry into copper mining.
Meeting Growing Copper Demand
This expansion of JSW Group aligns with the rising demand for copper in industries such as electric vehicles (EVs), renewable energy, construction, and consumer appliances. Copper’s role as a key material in electrification has driven the need for enhanced production to meet industry requirements.
Partnership with Hindustan Copper
Under the partnership agreement, JSW will manage mine development, capital investments, and operations. Hindustan Copper, in turn, will offer technical expertise and earn a share of the revenue. The mines, categorized as pre-MPPA (mining plan and project approval), are currently in the exploration phase.
Operational Timeline and Compliance Standards
As reported by projectstoday, the mines are expected to become operational in at least two years, following rigorous environmental, safety, and legal clearances. With a combined capacity of three million tons per annum (MTPA), the mines will eventually supply ore to JSW’s planned copper smelter. Details about the smelter remain undisclosed. However, JSW has announced plans to sell the extracted ore in both domestic and international markets. This will continue until the smelter begins operations.
Managed by SouthWest Mining
SouthWest Mining, a JSW subsidiary with expertise in mining operations, will oversee the development and management of the copper mines. This move supports JSW’s strategy for backward integration, particularly in EV and battery manufacturing, where copper plays a critical role.
Driving Growth in the Non-Ferrous Sector
JSW’s diversification into copper mining reflects its long-term vision of strengthening its metals portfolio. The company aims to capitalize on the increasing demand for non-ferrous metals like copper and aluminum. This strategic decision positions JSW to play a significant role in India’s transition to a more electrified and sustainable future.
