DBT Bureau
Pune, 9 June 2026
Deccan Gold Mines will acquire a 51% stake in Spain-based Logrosan Minera for approximately ₹19.4 crore in cash. The company also retains an option to increase its holding to 75% through an additional investment of around ₹11 crore, subject to milestone achievements and valuation conditions.
The acquisition will be undertaken by Deccan Gold and/or its wholly owned subsidiary, DGFZCO, and is expected to be completed progressively by March 2027, subject to regulatory approvals in India, Dubai, Spain, and the United Kingdom.
Logrosan Minera holds two granted exploration licences, Antonio and Mari, covering a combined area of 7,732.37 hectares for the exploration of tungsten, tin, rare earth elements (REEs), and gold. The company has also applied for an additional 3,072.09-hectare licence named Logrosan North focused on gold exploration.
According to Deccan Gold, the acquisition aims to facilitate collaboration in mineral exploration, investment, and the potential development of mining prospects in Spain. The Spanish company’s projects are located in a highly mineralized region known for tungsten, tin, rare earth elements, and gold occurrences. A drilling program currently underway has intersected multiple veins of scheelite, a tungsten-bearing mineral.
As part of the agreement, Deccan Gold will have an option to increase its stake in Logrosan Minera from 51% to 75% through a further direct investment, subject to independent valuation, achievement of agreed milestones, and payment of an additional €1 million to the existing shareholder, Logrosan Minerals Limited, UK.
The move strengthens Deccan Gold’s exposure to critical minerals, a sector gaining increasing importance amid the global energy transition and growing demand for strategic resources such as tungsten and rare earth elements.
