Hindustan Zinc plans to produce 1,000 tonnes of silver in next 3-4 years

Hindustan Zinc (HZL), India’s largest zinc and silver producer, is planning to increase production of silver from 556 tonnes in 2017-18 to 1,000 tonnes in the next 3-4 years.

On Tuesday, the company announced its silver refinery had been recognised by the London Bullion Market Association (LBMA) as its approved refinery on Monday, making it the only Indian private sector company achieving this status in India. 

According to the World Silver Survey 2018 by The Silver Institute released late last week, HZL, that produces over 95 per cent of primary silver in India, is the 10th largest silver producer in the world.