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Hindustan Zinc registers 16.59% growth in Mined metal production in Q4FY13

10 Apr 2013 Evaluate

Hindustan Zinc has registered 16.59% jump in Mined metal production at 260 thousand tonnes in Q4FY13 as compared to 223 thousand tonnes in corresponding quarter previous year. For the full year, the company’s production of Mined metal stood at 870 thousand tonnes in FY 2012-13 as compared with 830 thousand tonnes in FY12. This was in line with the annual mine plan.

In line with the mined metal production trend during the year, integrated production of refined Zinc was up 8% sequentially to 181 thousand tonnes in Q4. However, integrated production of refined Zinc was down 4% in Q4 and 12% in FY 2012-13 from a year ago. Zinc metal-in-concentrate of 61 thousand tonnes was sold during the quarter.

Integrated production of refined Lead was 32 thousand tonnes in Q4 and 107 thousand tonnes in the full year, up 2% and 20% respectively from corresponding prior periods. Integrated refined Silver production was 100 tonnes in Q4 and 322 tonnes in the full year, up 20% and 36% respectively, driven by the ramp-up of SK mine and Dariba Lead smelter.

During the year, Rampura Agucha underground mine and Kayad mine achieved the milestone of development ore production. Both the mines will start commercial production in FY 2013-14.

Peers
Company Name CMP
Hindalco Industries 960.50
Vedanta 257.20
Hindustan Zinc 561.00
Jain Resource Recycl 274.65
CMR Green Tech 213.60
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