{
  "id": 5320363,
  "title": "Hindustan Zinc bags mining lease for rare earth element block in Karnataka",
  "url": "https://urgent.news/2026/09/03/hindustan-zinc-bags-mining-lease-for-rare-earth-element-block-in",
  "topic": "business",
  "section": "Business",
  "published": "2026-09-03T11:54:38.000Z",
  "source": {
    "name": "Hindu BusinessLine",
    "slug": "hindu-businessline",
    "url": "https://www.thehindubusinessline.com/markets/commodities/hindustan-zinc-bags-mining-lease-for-rare-earth-element-block-in-karnataka/article71423646.ece"
  },
  "original_language": "en",
  "account": "Hindustan Zinc Ltd (HZL), a subsidiary of the Vedanta group, has recently secured a mining lease for a rare earth element block in Karnataka. The Gundlupet REE and Yttrium block spans 314.21 hectares in Chamrajnagar District, Karnataka. The government of Karnataka issued a Letter of Intent (LoI) to HZL, granting them the mining lease following the rules set by the Mineral Auction Rules 2015. This rare earth element block is located in Mallayanapur village, Gundlupet Taluka, Chamrajnagar District, Karnataka.\n\nRare earth elements play a crucial role in modern technology, including smartphones, electric vehicles, wind turbines, defence systems, and advanced electronics. Hindustan Zinc Chairperson Priya Agarwal Hebbar has expressed the company's interest in exploring opportunities in rare earth elements and seeking global partners for the exploration of critical minerals using AI and drone technology. During the 59th Annual General Meeting, Hebbar highlighted the company's expansion from being a leading producer of zinc and silver to a multi-metal, future-enabling enterprise.\n\nIn 2022, HZL successfully secured a potash block in Rajasthan and has received a letter of intent from the Government of Uttar Pradesh for another Rare Earth Elements block. The company, known as the world's largest integrated zinc producer and among the top 10 silver producers globally, supplies to over 40 countries and holds a 74% market share in India's primary zinc market.",
  "summary": "The company had earlier secured a potash block in Rajasthan and received a letter of intent for another rare earth block",
  "key_points": [
    "Hindustan Zinc secures mining lease for rare earth element block in Karnataka.",
    "314.21 hectares Gundlupet REE and Yttrium block granted by Karnataka government.",
    "Chairperson Priya Agarwal Hebbar explores global partnerships for critical minerals."
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "The Economic Times",
        "title": "Hindustan Zinc takes a step in the rare earth race",
        "url": "https://urgent.news/2026/09/03/hindustan-zinc-takes-a-step-in-the-rare-earth-race",
        "published": "2026-09-03T12:08:46.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}