Deals4 Jul 2025, 02:50 pm
Hindustan Zinc Ltd Wins Bid for Nawatola-Laband REE Block in Sonbhadra District
AI Summary
Hindustan Zinc Ltd, a leading zinc-lead-silver mining company, has been issued a Letter of Intent (LoI) by the Government of Uttar Pradesh for the grant of a Composite License for the e-auction of the Nawatola-Laband REE Block. The block, spread over 210.01 hectares, was conducted by the Ministry of Mines, Government of India. This development is a significant step for the company in its pursuit of expanding its mineral resources portfolio.
Key Highlights
- Hindustan Zinc Ltd wins e-auction for Nawatola-Laband REE Block in Sonbhadra District.
- The block, spread over 210.01 hectares, was conducted by the Ministry of Mines, Government of India.
- The company has been issued a Letter of Intent (LoI) by the Government of Uttar Pradesh for the grant of a Composite License.
- This development is a significant step for the company in its pursuit of expanding its mineral resources portfolio.
- The Nawatola-Laband REE Block is expected to contribute significantly to the company's growth.