According to the Silver Institute’s World Silver Survey 2024, Hindustan Zinc Ltd. has now become the third largest silver producer globally. The company’s Sindesar Khurd mine now stands as the world’s second largest silver-producing mine moving up from last year’s No. 4 position.

“Silver plays a pivotal role in the global energy transition and our recent record silver production of 746 million mt paves the way for Atmanirbhar Bharat [self-reliant India],” said Priya Agarwal Hebbar, chairperson for Hindustan Zinc. Hindustan Zinc’s production growth of 5% year-on-year is attributed to increased ore production and enhanced grades, reinforcing its status as a key player in the global silver market. This remarkable feat has been achieved using innovative technologies and sustainable mining practices, which helped us in optimizing the production process while reducing the environmental impact.”

Additionally, the recognition of its Pantnagar silver refinery by the London Bullion Market Association (LBMA) and inclusion in the ‘London Good Delivery’ list reaffirms the refinery’s adherence to international quality standards, marked by LBMA certification of 99.99% pure silver. Operating on 100% renewable power, sourced for its operations, Hindustan Zinc’s silver refinery at Pantnagar Metal Plant aligns seamlessly with the company’s pledge towards achieving net-zero emissions by 2050 or sooner.

www.silverinstitute.org/wp-content/uploads/2024/04/World-Silver-Survey-2024.pdf

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