Hindustan Copper Plans to Sell Waste Rock

20 September 2010 (Last Updated September 20th, 2010 18:30)

Indian miner Hindustan Copper is planning to sell excavated waste rock worth INR60bn ($1.3bn) for use in infrastructure projects. The company is looking for buyers for the 200 million metric tons of rocks, accumulated over last 40 years, Hindustan Copper chairman Shakeel Ahmed told Bloomb

Indian miner Hindustan Copper is planning to sell excavated waste rock worth INR60bn ($1.3bn) for use in infrastructure projects.

The company is looking for buyers for the 200 million metric tons of rocks, accumulated over last 40 years, Hindustan Copper chairman Shakeel Ahmed told Bloomberg.

The money generated from the sale could be utilised for the company's capacity expansion.

The company hopes to finalise buyers by the end of 2010 and clear the waste rock by end of the next fiscal year.