Hindustan Zinc to be the largest silver producer in Asia

Wednesday, Feb 25, 2009

Hindustan Zinc a company of Vedanta Resources Group is poised to become Asia's largest silver producer with production of 500,000 KGs of silver by 2013.

Hindustan Zinc is today the largest primary silver producer in India with about 100,000 KGs of silver production. With on going expansion in mines, Hindustan Zinc would be producing about 500,000 kgs of silver by 2013 and with it become the largest silver producer in Asia and also will count amongst the World’s top 6 silver producing companies

During the current financial year 2008-09, till December 2008, Hindustan Zinc has already produced about 70,000 KGs of silver. There has been a constant growth in silver production by the Company. With production of about 51,300 Kgs of silver in 2006-07, the company increased its production to 80,405 Kgs in the year 2007-08.

Silver is a coproduct of Hindustan Zinc and comes out with Lead. Zinc Lead mines are present only in the state of Rajasthan and are owned by Vedanta Resources Group company Hindustan Zinc. The 'Sindesar Khurd' mine of the Company is known for rich silver content and this mine is already under expansion. Once the ongoing expansion is completed, the silver production would increase substantially.

Source: SteelGuru