GMDC: USD 3 billion Copper Project

 

  • GMDC: USD 3 billion Copper Project
  • Strategic Importance and Potential of Ambaji Copper Project 
  • The increasing global demand for copper, driven by growth in electric vehicles, infrastructure, construction, and renewable energy, positions the Ambaji Copper Project as a highly attractive venture with promising financial returns.  
  • The total asset value of the Ambaji Copper Project is estimated at USD 3 billion, underscoring its significant contribution to GMDC’s mineral portfolio.  
  • To maximise the economic returns from Ambaji’s rich deposits, GMDC plans to establish a beneficiation plant to process the extracted ore into high-quality copper, lead, and zinc concentrates. This downstream integration is designed to enhance GMDC’s expansion beyond its traditional lignite mining operations and into more diversified mineral processing   
  • The operationalisation of the Ambaji Copper Project is expected to generate substantial economic growth in the region, with projected turnover reaching `5,000-5,500 crore. 
  • More than providing jobs to 200 people initially, the project will boost direct and indirect employment as it scales up  
  • As the global copper market continues to expand, driven by robust industrial and infrastructural developments, GMDC has undertaken an ambitious plan to harness this high-demand critical mineral through the development of the Copper Project, Ambaji in Gujarat. 
  • Known for its extensive multi-metal deposits, the Ambaji mine holds estimated reserves and resources of around 10 million tonnes of copper (Cu), lead (Pb), and zinc (Zn), with a potential asset value exceeding `25,000 crore. 
  • This project not only presents a significant financial opportunity for GMDC but is also strategically crucial for India’s economic and industrial advancement.

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