Hindustan Copper is planning to replace its old equipment at some of its underground and open cast mines this fiscal as ore production was hampered last fiscal. The company in its latest annual report, said that "since majority of Khetri Copper Complex (KCC) and Malanjkhand Copper Project (MCP) equipment are more than 30 years of age, they are prone to frequent breakdowns". So, the company has firmed up a "comprehensive replacement and renewal plan". Such a plan is imperative as realisations are down due to global commodity slowdown.
Repeated breakdowns of crushing and hoisting systems at Kolihan and Khetri underground mines of KCC, and breakdown of loading equipment and low availability of hauling equipment at MCP had impacted operations last fiscal.