Wednesday, January 28, 2009

Vedanta To Carry Silver Prices As Expansion Proceeds

Vedanta Resources group firm Hindustan Zinc has said it will now be listing silver prices on its website each day. The company currently carries zinc and lead prices updated every Thursday and Saturday, and cadmium prices updated every Monday, however silver prices will now be added.

At present HZL produces about 100 tonnes of silver per annum, however expansion at its Sindesar Khurd Mine in Rajasthan and at other mines is expected to raise annual output to around 500 tonnes.

The company's metal production capacity is 754,000 tonnes per annum -- 669,000 tonnes of zinc and 85,000 tonnes of lead. Mining capacity stands at 7.1 million tonnes per annum.

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