Hindustan Zinc , a prominent player in the mining industry, has made a significant stride in expanding its mineral exploration portfolio. The company has been granted a composite license by the Andhra Pradesh government for a tungsten and associated mineral block, marking a new chapter in its resource development efforts.

Key Details of the License

Implications of the Composite License

The composite license bestowed upon Hindustan Zinc carries significant implications for the company's operations and the broader mining sector in India:

1. Exploration Rights: The license empowers Hindustan Zinc to conduct thorough exploration activities in the designated block, potentially leading to the discovery of valuable tungsten deposits.

2. Development Opportunities: Beyond exploration, the company is authorized to develop the tungsten resources, should the exploration phase yield promising results.

3. Diversification: This move signals Hindustan Zinc's strategy to diversify its mineral portfolio beyond its core zinc-lead-silver operations.

4. Economic Impact: Successful development of tungsten resources could contribute to India's mineral self-sufficiency and potentially boost the local economy in Andhra Pradesh.

Strategic Importance of Tungsten

Tungsten, known for its high melting point and strength, plays a crucial role in various industries:

• Manufacturing of hard materials
• Electronics and electrical industries
• Aerospace and defense sectors

The acquisition of this license positions Hindustan Zinc to potentially tap into the growing demand for this strategic metal.

As Hindustan Zinc embarks on this new venture, stakeholders will be keenly watching the progress of exploration activities and the potential impact on the company's future growth trajectory. The development of tungsten resources in Andhra Pradesh could mark a significant milestone in India's mining sector and contribute to the nation's mineral resource diversity.

Hindustan Zinc , India's sole integrated zinc producer, has once again secured its position as the world's most sustainable company in the Metals & Mining sector, according to the S&P Global Corporate Sustainability Assessment (CSA) 2023. This marks an impressive hat-trick for the company, retaining the top spot for the third consecutive year.

Record-Breaking Performance

Hindustan Zinc achieved an industry-leading score of 90 points out of 100 in the CSA 2023, surpassing 235 participating companies worldwide. This score represents a significant improvement from last year's 86 points and stands as the company's highest CSA score in the past five years.

Key Highlights of Hindustan Zinc's Sustainability Efforts

Sustainable Initiatives and Innovations

1. EcoZen: Launched Asia's first low-carbon 'green' zinc brand, with a carbon footprint 75% lower than the global average.
2. Circular Economy: Achieved over 30% of total water usage through recycled, low-quality treated-sewage water.
3. Decarbonization: Implementing a 530 MW Power Delivery Agreement and adopting electric and low-emission fuel vehicles.
4. Smart Mining: Utilizing digital efficiency systems to enhance operational sustainability.

Leadership Perspective

Priya Agarwal Hebbar, Chairperson of Hindustan Zinc, commented on the achievement: "Being recognized as the world's most sustainable company in the Metals & Mining sector for the third consecutive year is a proud and humbling moment for all of us at Hindustan Zinc. This recognition reflects our deep-rooted commitment to ESG excellence and our relentless pursuit of responsible and inclusive growth."

Future Commitments

Hindustan Zinc has set ambitious targets for the future, including:

• Achieving Net Zero emissions by 2050 or sooner
• Continuing to champion global best practices in ESG
• Promoting transparency in ESG reporting

As a critical player in the energy transition metals sector, Hindustan Zinc's sustained leadership in sustainability showcases how Indian enterprises are shaping the future of responsible industry on a global scale.