Home / Business and Economy / Hindustan Zinc Taps Karnataka for Rare Earth Minerals
Hindustan Zinc Taps Karnataka for Rare Earth Minerals
3 Sep
Summary
- Hindustan Zinc secured a rare earth element mining lease in Karnataka.
- The lease covers the Gundlupet block in Chamrajnagar District, spanning 314 hectares.
- This move aligns with the company's strategy to expand into critical minerals.
Hindustan Zinc has been granted a mining lease for rare earth elements in Karnataka. The company secured the rights to the Gundlupet block, located in the Chamrajnagar District, which spans an area of 314.21 hectares.
This strategic acquisition marks a significant step for Hindustan Zinc as it expands its operations into critical minerals essential for advanced technologies. Rare earth elements are fundamental components in numerous modern applications, including smartphones, electric vehicles, and defence systems.
Previously, Hindustan Zinc had also secured a potash block in Rajasthan and received a letter of intent for another rare earth elements block in Uttar Pradesh. The company is actively exploring opportunities in various other future-enabling minerals.
Hindustan Zinc is recognized globally as a leading producer of zinc and silver and is committed to becoming a multi-metal, future-enabling enterprise.
