Hindustan Zinc Limited (BSE: 500188 | NSE: HINDZINC), the world’s second-largest zinc producer and third-largest silver producer, has been named the “Preferred Bidder” for the Dugocha Gold Block in Rajasthan following state government auctions on November 13, 2024. This milestone, confirmed by the Rajasthan Department of Mines & Geology on November 15, 2024, marks a significant step in Hindustan Zinc’s expansion into the precious metals sector, enhancing its portfolio and growth prospects.
Located in Salumber, Rajasthan, the Dugocha Gold Block spans 472 hectares and is at the G3 exploration level, boasting estimated resources of 1.74 Mt with 1.63g/t gold content. Hindustan Zinc plans to leverage its exploration and mining expertise to maximize the potential of this asset, which aligns with the company’s strategy of acquiring high-quality resources to support India’s evolving economic needs.
Commenting on the development, Arun Misra, CEO of Hindustan Zinc, said, “Acquiring the Dugocha Gold Block underscores our commitment to unlocking India’s mineral wealth while driving long-term value for stakeholders. This strategic win will create significant employment opportunities and attract investments, further strengthening Rajasthan’s industrial ecosystem.”
Earlier this month, the company also secured preferred bidder status for tungsten and associated metal blocks in Andhra Pradesh and Tamil Nadu, reinforcing its leadership in critical and precious metals. As a Vedanta Group company, Hindustan Zinc continues to lead sustainability efforts in the metals and mining sector.
Recognized as the most sustainable company in its category by the S&P Global Corporate Sustainability Assessment 2023, the company has launched EcoZen, Asia’s first low-carbon zinc brand, produced using renewable energy. With a 2.41 times water-positive certification and a commitment to achieving net-zero emissions by 2050, Hindustan Zinc remains at the forefront of sustainable innovation while contributing to the global energy transition.
