Which company Signed MoU with IIT (Indian School of Mines) for Technical Support?

Daily Current Affairs

MSTC Limited

Hindustan Copper Ltd.

Hindalco Industries

Uranium Corporation of India

Correct Answer : Hindustan Copper Ltd.

Hindustan Copper Limited (HCL) and the Indian Institute of Technology (IIT) (Indian School of Mines), Dhanbad, on Wednesday (4th Jan 2023) signed a Memorandum of Understanding (MoU) for technical collaboration to increase the state-owned firm’s copper ore production.

This is the first technical collaboration between the two organisations. HCL is the only copper miner in India and owns all operating mining leases for copper ore in the country.

At present, majority of ore production comes through from underground, with an estimated 4 million tonne produced annually.

However, due to complex geological characteristics of the ore body and increased depth of mining, various geo-technical and ground water related issues along with technical/ operational problems are being faced during the process of production along with maintaining safety standards and dealing the emerging sustainability issues.

HCL plans to increase its ore production capacity threefold in the coming years wherein development activities in projects are either on-going in nature or already planned in most of its mines.

At present, the mined out ore is processed at the company’s ore beneficiation plants and metals in concentrate is sold in domestic and international markets.

IIT-ISM, Dhanbad, being an institute of national repute, particularly in the fields of mining of minerals and its beneficiation and Earth Sciences, will play a key role in solving the emerging geological, technical, environmental, sustainable and ore beneficiation issues for achieving the envisaged expansion programme of HCL.

The MoU will allow HCL to receive technical assistance, guidance and consultancy work from IIT-ISM for enhancing copper ore production through modifying mining methods with application of state-of-the-art technologies, improvement of productivity and safety in mines, environmental clearance issues, various hydrological & hydro-geological studies and in areas of unconventional exploration methods like Geophysical exploration, Remote Sensing etc. for depth exploration of copper ore..

Source : Mint

Published On : January 6, 2023

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Global Solar Growth Trends :

Ember’s report highlights that solar energy witnessed a remarkable increase globally, with 2023’s solar generation exceeding six times that of 2015. The top four solar growth countries, including India, accounted for 75% of this growth, emphasizing the widespread adoption of solar power worldwide.

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Q .

India's Toy Exports Slip to _____ Million in 2023-24

$102.92

$121.19

$139.53

$152.34

Correct Answer : Option (D) - $152.34

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Import Trends :

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Q .

India Leads Global Remittances, Surpassing _____ Billion Mark.

$50

$100

$200

$250

Correct Answer : Option (B) - $100

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Published On : May 9, 2024