Hindustan Zinc Profit Rises to Most in Four Years on Price Gains
Bloomberg.com reports that Hindustan Zinc reported significant profits in the third quarter
Bloomberg.com reports that Hindustan Zinc reported significant profits in the third quarter
Bloomberg.com reports that Hindustan Zinc plans to import 200,000 tons of Coal in the early months of 2011. The story is quoted as saying: Hindustan Zinc Ltd., India’s largest producer of zinc and lead, is seeking to import 200,000 metric tons of steam coal between January and February, according to a notice in the Economic Times [...]
The world's largest zinc producer, India-focused mining group Vedanta Resources solidified its top position on May 10 announcing the purchase of Anglo American's zinc assets in Africa and Ireland. Obtaining 11 percent of global zinc production by increasing its capacity by 37 percent, the company expects to make a positive return on its investment within 3 years.
Macquarie research has recommeded Hindustan Zinc as the best-quality zinc mine with an average grade of 12%, making it the lowest cost producer of zinc. For full story, click here
By Leia Michele Toovey- Exclusive to Zinc Investing News In their bi-weekly price review, Hindustan Zinc Limited announced that effective Saturday, it had cut its prices of zinc, but held lead rates steady. Zinc prices will drop by Rs 800 per tonne, to 68,900; whereas lead maintained its 70,200 per tonne level. Lead prices have remained strong [...]
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