Modern Mining June 2024
Vedanta’s Hindustan Zinc becomes the 3 rd largest producer of silver globally
Bannerman Energy advances Etango project towards construction ASX-listed Bannerman Energy reported strong progress during the quarter, as it advances preparedness for the targeted development phase of the Etango Uranium Project and demonstrated Etango’s supe rior leverage to, and scalability with, higher uranium price outlooks through delivery of the Etango-XP/XT Scoping Study. Bannerman Executive Chairman, Brandon Munro, said: “The strong pro gression in project workstreams during the quarter steadily advanced the fully-permit ted Etango project towards construction, in parallel with financing and offtake mar keting workstreams, as we drive towards being in a position to take a positive Final Investment Decision. We were particularly pleased to demonstrate, via the Etango-XP/ XT Scoping Study, the long-term optional ity afforded by our large-scale Etango resource and a clear pathway towards becoming a 6.7 mlbs pa producer.”
Hindustan Zinc – a Vedanta group company in the zinc-lead-silver business has become the 3 rd largest silver producer globally, as per the World Silver Survey 2024 conducted by ‘The Silver Institute’, USA. The company’s Sindesar Khurd Mine now stands as the world’s second largest silver-producing mine, moving up from last year’s 4 th position. On this achievement, Chairperson of Hindustan Zinc – Priya Agarwal Hebbar said, “Silver plays a pivotal role in the global energy tran
sition and our recent record silver production of 746 mt paves the way for Atmanirbhar Bharat. Hindustan Zinc’s production growth of 5% year-on-year is attributed to increased ore production and enhanced grades, rein forcing its status as a key player in the global silver market. This remarkable feat was achieved using innovative technologies and sustainable mining practices, which helped us to optimise the production process while reducing the environmental impact.”
Hindustan Zinc’s operation in India.
June 2024 MODERN MINING 5
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