Hindustan Copper Expands Its Global Footprint with New South African Operations

Hindustan Copper Limited Expands Global Footprint with New South African Operations

Johannesburg, South Africa – November 21, 2025

Hindustan Copper Limited (HCL), India’s sole vertically integrated copper producer, has announced the establishment of its first international mining operations in South Africa. This strategic move aims to diversify HCL’s resource base and strengthen its position in the global copper market.

Acquisition of South African Assets

In a significant development, HCL has acquired a controlling stake in Palabora Mining Company Limited, a publicly traded mining entity headquartered in Phalaborwa, Limpopo province. Palabora operates a cluster of open-pit and underground mines, producing primarily copper along with byproducts such as precious metals from anode slimes, nickel sulfate, sulfuric acid, magnetite, and vermiculite. The acquisition is expected to enhance HCL’s production capacity and provide access to high-quality copper reserves.

Strategic Objectives

The expansion into South Africa aligns with HCL’s long-term strategy to increase its global presence and meet the growing international demand for copper. By leveraging Palabora’s established mining infrastructure and expertise, HCL aims to achieve the following objectives:

• Diversification of Resource Base: Access to additional copper reserves to mitigate risks associated with reliance on domestic sources.

• Enhanced Production Capacity: Increase overall copper production to meet both domestic and international market demands.

• Technological Advancements: Implement advanced mining and processing technologies to improve efficiency and reduce environmental impact.

Economic and Employment Impact

The acquisition is poised to have a positive impact on the South African economy. HCL plans to invest in modernizing mining operations, which is expected to create approximately 5,000 direct and indirect employment opportunities. This initiative will contribute to regional development and economic growth in the Limpopo province.

Environmental and Social Responsibility

HCL is committed to adhering to the highest environmental and social standards in its new South African operations. The company plans to implement sustainable mining practices, invest in community development programs, and ensure compliance with all local regulations to minimize environmental impact and promote social well-being.

Future Outlook

This expansion marks a significant milestone in HCL’s journey towards becoming a global leader in the copper industry. The company remains focused on exploring new markets, enhancing operational efficiencies, and contributing to the sustainable development of the mining sector worldwide.

For more information, please contact:

Hindustan Copper Limited

Public Relations Department

Email: pr@hindustancopper.com

Phone: +91-33-2230-1234

Website: www.hindustancopper.com

Note: This press release contains forward-looking statements that are subject to risks and uncertainties. Actual results may differ materially from those expressed or implied.