Hindustan Zinc , a leading integrated producer of zinc, lead, and silver, is making strategic moves to expand its operations and enhance sustainability. The company's CEO has expressed readiness to venture into uranium mining, while the board has approved a significant investment in a tailings reprocessing plant.

Potential Entry into Uranium Mining

Hindustan Zinc's CEO has announced that the company is prepared to commence uranium mining operations, contingent upon government approval. This statement indicates Hindustan Zinc's interest in diversifying its portfolio and expanding into the strategic sector of uranium extraction. The move, if approved, could position the company as a key player in India's nuclear fuel supply chain.

₹3,823 Crore Investment in Tailings Reprocessing

In a separate development, Hindustan Zinc's Board of Directors has approved the establishment of a 10 Million Tonnes Per Annum (MTPA) Tailings Reprocessing plant. This decision is part of the company's ambitious 2X growth plan aimed at doubling its capacity.

Key points of the tailings reprocessing project include:

• Capital expenditure of up to ₹3,823.00 crore
• Aims to recover metal from tailing dumps
• First-of-its-kind plant in India
• Expected to reduce the environmental footprint associated with traditional wet tailings disposal
• Designed to enhance Hindustan Zinc's overall mineral recovery
• Aligns with the company's sustainability goals

Investor Conference

Hindustan Zinc is scheduled to participate in the Centrum Broking Virtual Investor Conference – Orion IV "Powering Through - India on the Global Stage". This event provides an opportunity for the company to engage with analysts and institutional investors, potentially discussing these recent developments and future strategies.

As Hindustan Zinc continues to explore new avenues for growth and sustainability, these initiatives demonstrate the company's commitment to innovation, environmental responsibility, and strategic expansion in the mining sector.

Hindustan Zinc , a leading integrated producer of zinc, lead, and silver, has announced a significant investment of ₹3,823 crore to establish India's first 10 million tonnes per annum (MTPA) tailings reprocessing plant. This strategic move aligns with the company's ambitious growth objectives and reinforces its commitment to sustainability in the mining sector.

Pioneering Sustainability in Mining

The Board of Directors of Hindustan Zinc approved the establishment of this groundbreaking facility during a meeting held on August 18. This innovative plant is set to be a game-changer in the Indian mining industry, as it will be the first of its kind in the country.

Environmental and Operational Benefits

The tailings reprocessing plant is designed to recover valuable metals from tailing dumps, which are the residues left after the initial ore processing. This initiative is expected to yield multiple benefits:

1. Environmental Footprint Reduction: The plant aims to minimize the environmental impact associated with traditional wet tailings disposal methods.
2. Enhanced Mineral Recovery: By reprocessing tailings, Hindustan Zinc expects to improve its overall mineral recovery rates, potentially boosting production efficiency.
3. Sustainability Improvement: The project is aligned with the company's sustainability goals, showcasing its commitment to responsible mining practices.

Part of a Larger Growth Strategy

This significant investment is part of Hindustan Zinc's broader '2X growth plan'. As stated in the company's disclosure, this plan aims to double the company's production capacity, positioning Hindustan Zinc for substantial future growth in the metals sector.

Financial Commitment and Project Scale

The approved capital expenditure of ₹3,823.00 crore underscores the scale and importance of this project to Hindustan Zinc. This investment demonstrates the company's confidence in the long-term benefits of tailings reprocessing technology.

Industry Impact

As the first 10 MTPA tailings reprocessing plant in India, this project could set a new standard for the mining industry in the country. It may pave the way for similar initiatives by other mining companies, potentially transforming waste management practices across the sector.

The announcement of this innovative project reflects Hindustan Zinc's proactive approach to addressing environmental concerns while pursuing operational excellence. As the project develops, it will be interesting to observe its impact on the company's production capabilities and its role in shaping more sustainable mining practices in India.