A state-controlled mining company in India, Hindustan Zinc, has reached an agreement with Australian-based BHP Minerals concerning a joint venture in Rajasthan.
Prospecting licence applications have been filed for a 20,000-sq.-km area that hosts base and precious metals mineralization. The deal calls for BHP to finance the operation up to the prefeasibility stage.
A mining and smelting company, Hindustan produces zinc and lead.
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