### London Bullion Market Association Renews Certification for Hindustan Zinc’s Silver Refinery
Udaipur, Hindustan Zinc Limited (NSE: HINDZINC), India’s largest and the world’s third-largest silver producer, has successfully renewed its Responsible Silver Guidance certification from the prestigious London Bullion Market Association (LBMA) for its Pantnagar Metal Plant. This certification underscores the company's commitment to international quality standards for producing 99.99% pure silver and ensuring responsible sourcing of raw materials. Hindustan Zinc now stands among an exclusive group of 80 global silver refiners recognized by the LBMA's Good Delivery List.
In FY24, Hindustan Zinc achieved a record production of 746 metric tonnes of silver, securing its position as the world’s third-largest silver producer, as reported by the World Silver Survey 2024 conducted by The Silver Institute, USA. The renewal of this certification further accredits Hindustan Zinc’s silver products—including 30 kg bars, 1 kg bars, and silver powder—meeting international standards for global trading. As India’s sole silver producer, the company is well-positioned to meet the increasing domestic demand, leveraging world-class assets like the Sindesar Khurd Mine in Rajasthan, the world’s second-largest silver-producing mine, and the Pantnagar Metal Plant in Uttarakhand.
The rigorous LBMA assessment, which involved stringent audits and evaluations, highlighted the Pantnagar Metal Plant’s excellence in responsible sourcing, production procedures, due diligence, sustainability, and innovation. This certification reinforces Hindustan Zinc’s standing as a leader in advanced manufacturing practices and sustainable innovations.
Arun Misra, CEO of Hindustan Zinc, expressed his satisfaction with the renewal, stating, “Being part of the LBMA’s Good Delivery List reaffirms our commitment to producing high-quality silver while adhering to global standards. We remain bullish on silver given the emerging industrial and consumer demand. Establishing a separate silver company through demerger will unlock value for all stakeholders and support long-term growth by focusing on our core strengths.”
Silver, valued for its versatility, plays a vital role across various industries, including solar energy, high-tech electronics, artificial intelligence, nanotechnology, biotechnology, and jewelry. The growing demand for silver, particularly in emerging sectors such as transportation, healthcare, consumer electronics, and renewable energy, is driving global demand. Silver's superior electrical conductivity makes it a critical metal in solar power generation, as well as in electric vehicles and advanced technologies like touchscreens and circuits.
Hindustan Zinc’s silver production has surged more than 15 times over the past two decades. In Q2 FY24, the company reported a 10% increase in silver output, driven by enhanced ore extraction and advanced refining techniques.
A Vedanta Group company, Hindustan Zinc is the world’s second-largest integrated zinc producer and the third-largest silver producer. The company dominates the Indian market with a 75% share of the primary zinc market and is the country’s only primary silver producer. Recognized as the world’s most sustainable company in the metals and mining category by the S&P Global Corporate Sustainability Assessment 2023, Hindustan Zinc is also a certified 2.41 times Water-Positive company and is committed to achieving Net Zero emissions by 2050 or sooner.
**About Hindustan Zinc Limited**
Hindustan Zinc Limited (BSE: 500188 and NSE: HINDZINC), a Vedanta Group company, is the world’s second-largest integrated zinc producer and the third-largest silver producer. With a market share of about 75% of the primary zinc market in India, the company supplies to more than 40 countries globally. Hindustan Zinc has been recognized as the world’s most sustainable company in the metals and mining category by the S&P Global Corporate Sustainability Assessment 2023. Additionally, it launched EcoZen, Asia’s first low-carbon 'green' zinc brand, produced using renewable energy. Hindustan Zinc is committed to sustainability and transforming lives through social initiatives, impacting 1.9 million people across India.
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