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Hindustan Zinc to list silver prices on website

Vedanta Resources group firm Hindustan Zinc said it would be listing silver prices on its website every day starting today.

business Updated: Jan 27, 2009 19:48 IST

Vedanta Resources group firm Hindustan Zinc on Tuesday said it would be listing silver prices on its website every day starting today.

At present, the company updates zinc and lead prices every Thursday and Saturday, and cadmium prices every on Monday on its website, www.Hzlconnect.Com.

"From now, Hindustan Zinc would also display silver prices on a daily basis," company's Chief Operating Officer Akhilesh Joshi said.

The company, at present, produces about 100 tonnes of silver per annum and is expected to raise its output manifolds in the next few years.

"Currently, Hindustan Zinc produces about 100 tonnes of silver and is poised to produce about 500 tonnes of silver once the ongoing expansions are completed," he said.

The company said its Sindesar Khurd Mine in Rajasthan is known for high silver content and is under expansion along with other mines owned by the firm.

At present, the company has a metal production capacity of 7,54,000 tonnes per annum -- 6,69,000 tonnes of zinc and 85,000 tonnes of lead, it said, adding the mining capacity stands at 7.1 million tonnes per annum.

The company is undertaking phase-III of expansion in Rajasthan that comprises 2 smelters with the capacity to produce 3,10,000 tonnes of metal, including 2,10,000 tonnes of zinc and 1,00,000 tonnes of lead per annum.