Hindustan Zinc has executed the Deed for Grant of Composite Licence (CL) under the provisions of Schedule V of the Mines and Minerals (Development and Regulation) Act, 1957, with the Government of Uttar Pradesh in respect of the Nawatola Laband Rare Earth Elements (REE) Block, Uttar Pradesh. The Nawatola Laband REE Block, having an area of 210.01 hectares, is located in Sonbhadra, Uttar Pradesh.
The execution of the CL entitles the company to undertake reconnaissance/prospecting and exploration activities in accordance with the terms and conditions of the licence and the applicable statutory provisions. Upon successful completion of exploration and fulfillment of the terms and conditions applicable to the successful bidder under the MMDR Act, the Mineral (Auction) Rules, 2015, and the CL, the company shall be eligible for grant of a Mining Lease in accordance with the applicable laws.
Hindustan Zinc is engaged in the mining and smelting of zinc, lead and silver metal in India.
