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Hindustan Copper, India's state-owned copper miner, intends to develop two mines in which Adani Enterprises and Hindalco Industries have expressed preliminary interest, according to a source with direct knowledge of the situation.
"Adani and Hindalco attended the pre-bid conference earlier today," according to the source, who declined to be identified owing to the sensitive nature of the conversations.
The two mines, which have a combined capacity of 3 million metric tonnes (MMT), are situated in Jharkhand's eastern region. Rakha Mine was one of the mines shut down twenty years ago.
"The Rakha mine was becoming costlier to operate, so we want to give it to a developer," added a source.
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