The A V Birla group on Tuesday announced the acquisition of its second copper mine in Australia.
The group has bought the Mount Gordon copper mine in Queensland, Australia through Birla Minerals Pty, a wholly owned Australian subsidiary of Hindalco Industries, for A$21 million.
The group is exploring more acquisitions, the release added.
Kumar Mangalam Birla, chairman of the A V Birla group, said: "The acquisition of Mount Gordon is a major strategic step in our move to become a globally competitive, integrated copper player. It is a proactive step to entrench ownership in upstream mines. The acquisition is a good fit with our current Australian operations."
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