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HZL Announces H2 Outlook

Metal News - Published on Tue, 05 Nov 2019

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Hindustan Zinc Limited said that the production in HI was impacted by geotechnical issues at SK mine. Mined metal and retained metal production in H2 FY2020 is expected to be higher than in HI on account of continued ramp-up of underground mines. The production at SK mine is expected to ramp up in H2 on account of opening of new blocks, faster development and higher back filling post commissioning of second paste fill plant.

It added “The revised guidance for both mined and refined metal production in FY2020 is 950KT while silver production is expected to be 650 MT. The COP before royalty is projected to be USD 1030 per MT in H2 FY2020 including the impact of higher electricity duty. The project capex for the year will be USD 300 million.”

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Posted By : Rabi Wangkhem on Tue, 05 Nov 2019
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