Hindustan Zinc takes a step in the rare earth race
New Delhi - Hindustan Zinc Ltd (HZL), a firm under the Vedanta group, has recently secured a mining lease for a rare earth element block in Karnataka, India. The Gundlupet rare earth element (REE) and Yttrium block covers an area of 314.21 hectares located in Chamrajnagar District. The Government of Karnataka issued a Letter of Intent to HZL, which signed the agreement in compliance with Rule 10(2) of the Mineral Auction Rules 2015.
The company, which is the world's largest integrated zinc producer and among the top 10 silver producers globally, has been actively exploring opportunities in various minerals including rare earth elements. Hindustan Zinc Chairperson Priya Agarwal Hebbar had earlier mentioned that the company is exploring opportunities in copper, lithium, nickel, cobalt, potash, and rare earth elements.
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- Hindustan Zinc bags mining lease for rare earth element block in Karnataka thehindubusinessline.com
