Le Lézard
Classified in: Mining industry, Environment
Subject: Survey

Vedanta's Hindustan Zinc Becomes the 3rd Largest Producer of Silver Globally


Hindustan Zinc Limited (HINDZINC | 500188 | INE267A01025) - a Vedanta group company in zinc-lead-silver business has now become the 3rd largest* silver producer globally as per the World Silver Survey 2024 conducted by ?The Silver Institute', USA. The company's Sindesar Khurd Mine now stands as the world's 2nd largest silver-producing mine moving up from last year's 4th position.

On this achievement, Chairperson of Hindustan Zinc ? Ms. Priya Agarwal Hebbar said, "Silver plays a pivotal role in the global energy transition and our recent record silver production of 746 MT paves the way for Atmanirbhar Bharat. Hindustan Zinc's production growth of 5% year-on-year is attributed to increased ore production and enhanced grades, reinforcing its status as a key player in the global silver market. This remarkable feat has been achieved using innovative technologies and sustainable mining practices, which helped us in optimizing the production process while reducing the environmental impact."

Additionally, the recognition of its Pantnagar silver refinery by the London Bullion Market Association (LBMA) and inclusion in the ?London Good Delivery' list reaffirms the refinery's adherence to international quality standards, marked by LBMA certification of 99.99% pure silver. Operating on 100% renewable power, sourced for its operations, Hindustan Zinc's silver refinery at Pantnagar Metal Plant aligns seamlessly with the company's pledge towards achieving net-zero emissions by 2050 or sooner.

Globally, solar ? the fastest growing of all the sources of renewable energy with about 440 GW installed in 2023 ? is poised to elevate silver demand. Additionally, the proliferation of electrical appliances, electronics, and gadgets underscores the rising need for silver in conductive materials and components, owing to its exceptional conductivity ideal for touchscreens, circuitry, and connectors.

Anticipating a modest 4% recovery in jewellery fabrication in 2024, India is expected to be the biggest contributor, in part as restocking by retailers resumes. The silverware demand is projected to rise by 7%, predominantly driven by India's robust economic growth and escalating disposable incomes.

https://www.silverinstitute.org/wp-content/uploads/2024/04/World-Silver-Survey-2024.pdf

*Production from integrated operations only

For additional information please visit Hindustan Zinc Ltd


These press releases may also interest you

at 16:47
FS, one of the largest producers of ethanol and animal nutrition in Brazil, has just completed technical studies that prove suitable geological conditions for injecting carbon dioxide (CO2), emitted in the fermentation phase of biofuel production, in...

at 16:45
Overseas Shipholding Group, Inc. (the "Company" or "OSG") today announced that it has published its annual Sustainability Report. The report includes information relating to the Company's efforts on environmental, social, and corporate governance...

at 16:40
Ameresco, Inc. , a leading cleantech integrator specializing in energy efficiency and renewable energy, today announced that members of its management team will attend the following investor conferences: On May 29, 2024, Ameresco's Executive Vice...

at 16:38
Nexus Renewables ("Nexus") and Apricus Generation ("Apricus") are pleased to announce that Apricus has completed the acquisition of a controlling stake in Nexus. The Apricus investment marks the beginning of a partnership between Apricus and Nexus to...

at 16:35
Scott Kirkland, Ecolab Inc. chief financial officer, will address financial analysts at the Baird Global Consumer, Technology and Services Conference on Tuesday, June 4. Ecolab will offer a webcast of Mr. Kirkland's presentation. Details for the...

at 16:35
Rocket Lab USA, Inc. ("Rocket Lab" or "the Company"), a global leader in launch services and space systems, today confirmed the scheduled launch date for the second of two back-to-back Electron launches for NASA's PREFIRE (Polar Radiant Energy in...



News published on and distributed by: