A Rare Move: Hindustan Zinc Secures UP Mineral Block

Hindustan Zinc is planning to diversify its portfolio by adding three new metals over the next five years, supported by ongoing exploration across a pipeline of 10 mineral blocks.

The company’s Chief Executive Officer, Arun Mishra, said it has recently secured a rare earth mineral block containing monazite in Uttar Pradesh. The project is currently awaiting regulatory approvals before geological exploration can commence.

“We are waiting to obtain the licence and sign the agreement, after which we will begin geological exploration,” Mishra said.

This move reflects the company’s strategy to expand beyond its core metals business and tap into the growing demand for rare earth elements, which are essential for advanced technologies and clean energy applications.

News by Rahul Yelligetti.