HINDUSTAN ZINC LIMITED Q2 Highlights
Mined metal production at 219kt, up 14% y-o-y
Refined zinc-lead metal production at 230kt, up 27% y-o-y
Record refined silver production at 140 MT, up 31% y-o-y
Particulars (in '000 tonnes, or as stated) | Q2 | Q1 | H1 | |||||
FY2018 | FY2017 | % change YoY | FY2018 | % change QoQ | FY2018 | FY2017 | % change YoY | |
Zinc India | ||||||||
Mined metal content | 219 | 192 | 14% | 233 | (6)% | 452 | 318 | 42% |
Refined Zinc - Total | 192 | 150 | 28% | 194 | (1)% | 386 | 252 | 53% |
Refined Zinc - Integrated | 192 | 149 | 29% | 194 | (1)% | 386 | 250 | 54% |
Refined Zinc - Custom | - | 1 | - | - | - | - | 2 | - |
Refined Lead - Total 1 | 38 | 31 | 24% | 35 | 9% | 73 | 55 | 32% |
Refined Lead - Integrated | 38 | 31 | 24% | 35 | 9% | 73 | 55 | 32% |
Refined Lead - Custom | - | - | - | - | ||||
Silver - Total (in tonnes) 2,3 | 140 | 107 | 31% | 115 | 22% | 255 | 196 | 30% |
Silver- Integrated (in tonnes) | 140 | 107 | 31% | 115 | 22% | 255 | 196 | 30% |
Silver- Custom (in tonnes) | - | - | - | - | - | - | - | - |
Wind Power (in million units) | 143 | 172 | (17%) | 156 | (8)% | 299 | 320 | (7)% |
Excluding Captive consumption of 1,634 tonnes in Q2 FY 2018 as compared with 837 tonnes in Q2 FY 2017 and 1,956 tonnes in Q1 FY2018. For H1, it was 3,590 tonnes as compared with 1,921 tonnes a year ago.
Excluding captive consumption of 8.8 tonnes in Q2 FY2018 as compared with 4.3 tonnes in Q2 FY 2017 and 10.2 tonnes in Q1 FY2018. For H1, it was 19.0 tonnes as compared with 9.8 tonnes a year ago.
Silver occurs in Lead & Zinc ore and is recovered in the smelting and silver-refining processes. Note: Numbers may not add up due to rounding off.
Q2 FY 2018 vs. previous quarters
Mined metal production was at 219,000 tonnes, 14% higher y-o-y, on account of higher volumes from underground mines. Q-o-Q production declined by 6% due to lower ore treatment.
Integrated zinc metal production was 192,000 tonnes, 29% higher y-o-y and flat sequentially. Integrated lead metal production was 38,000 tonnes, 24% higher y-o-y and 9% higher q-o-q. This was in line with availability of mined metal and smelters.
Integrated silver production was at a record high of 140 tonnes, up 31% y-o-y and 22% q-o-q in line with higher lead production.
Capital mine development of 9,765 meters was achieved across all mines during the quarter, up 77% y-o-y and 11% sequentially. Rampura Agucha underground mine development is progressing well and the main production shaft is on track for commissioning in Q3 FY 2019. Shaft project at Sindesar Khurd is also on track for commissioning in Q2 FY 2019 while construction work for a new third mill of 1.5 mtpa capacity commenced during the quarter. Zawar mill debottlenecking was completed and the upgraded capacity of 2.7 mtpa was commissioned during the quarter.
H1 FY2018 vs. H1 FY2017
Mined metal production was at 452,000 tonnes in H1 FY2018, 42% higher y-o-y driven by higher ore production across all mines.
Integrated zinc, lead and silver production were higher by 54% y-o-y, 32% y-o-y and 30% y-o-y respectively, in line with availability of mined metal.
For further information, please contact: Ekta SinghManager - Investor Relations hzl.ir@vedanta.co.in
Tel: +91 294 26 52 628
Pavan KaushikAssociate Vice President - Corporate Communications pavan.kaushik@vedanta.co.in
Tel: +91 99288 44499
Disclaimer
This press release contains "forward-looking statements" - that is, statements related to future, not past, events. In this context, forward- looking statements often address our expected future business and financial performance, and often contain words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "should" or "will." Forward-looking statements by their nature address matters that are, to different degrees, uncertain. For us, uncertainties arise from the behaviour of financial and metals markets including the London Metal Exchange, fluctuations in interest and or exchange rates and metal prices; from future integration of acquired businesses; and from numerous other matters of national, regional and global scale, including those of a political, economic, business, competitive or regulatory nature. These uncertainties may cause our actual future results to be materially different than those expressed in our forward-looking statements. We do not undertake to update our forward-looking statements.
Hindustan Zinc Limited published this content on 10 October 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 10 October 2017 07:24:02 UTC.
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