Hindustan Zinc reports record metal production in FY23
Biznextindia : Vedanta Subsidiary Hindustan zinc has reported best-ever mined metal production at 1,062kt in 2022-23, up 4% YoY, driven by higher ore production, improved mined metal grades and operational efficiencies.
The company also reported highest ever refined metal production at 1,032kt, up 7% YoY, resulting from better plant availability and consistent mined metal flow from mines. The company also reported highest-ever integrated zinc production at 821kt, up 6% YoY and refined lead production at 211kt, up 10% YoY. It has also achieved record saleable silver production at 22.9moz, up 10% YoY, in-line with lead metal production.
Meanwhile, in the 4th quarter the company has reported best-ever quarterly mined metal production at 301kt since UG transition, up 2% YoY and 19% QoQ, driven by higher ore production and improved mined metal grades. It has also reported highest-ever quarterly refined metal production at 269kt, up 3% YoY and 5% QoQ, on account of better plant and mined metal availability.
Hindustan Zinc’s integrated zinc production was at 215kt, up 2% YoY and 2% QoQ and refined lead production was at 54kt up 10% YoY and 17% QoQ, resulting from better plant availability and consistent mined metal flow from mines. Saleable silver production was 5.9 moz, up 13% YoY in line with lead metal production and 13% QoQ, in line with lead metal production and higher WIP depletion in base period.