Precious Progress: Hindustan Zinc Expands Metals Portfolio with Gold Mine Acquisition

Hindustan Zinc Limited, a top zinc and silver producer, has secured a license for a gold mining block in Rajasthan through state government auctions. The company was declared the "Preferred Bidder" for the Dugocha Gold Block, marking a significant milestone in their growth. CEO Arun Misra highlighted the strategic importance of this acquisition in tapping diverse mineral resources to support economic growth.

The block in Salumber spans 472 hectares and is at the G3 exploration level, with estimated resources of 1. 74 Mt and 1. 63 g/t gold. Earlier, Hindustan Zinc also won bids for tungsten blocks in Andhra Pradesh and Tamil Nadu, strengthening their presence in the precious metals sector. The company's commitment to sustainability is evident in initiatives like the EcoZen brand, which has a low carbon footprint. Hindustan Zinc aims to achieve Net Zero emissions by 2050 and plays a crucial role in producing critical metals for the global energy transition.

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