Hindustan Zinc Ltd. Conference Calls and Earnings Call Transcripts

Earnings Call Transcript for Hindustan Zinc - Q3FY20

Opening Remarks

I am happy to share with you that Hindustan Zinc has been declared as a “Disclosure Champion” in FTI Asia Disclosure Index 2019 with a perfect score of 10 and is among the top-23 companies in Asia and top-5 companies in India. This Index is based on non-financial voluntary disclosure and cover areas of performance about quality, sustainability, risk management, etc.

 As our commitment towards maintaining highest corporate governance, we have progressively improved our disclosures in our annual report and have been voluntarily publishing sustainability report for the last four years now and tax transparency report for the last two years. I encourage all of you to visit our website to read these reports to understand the extent and quality of our non-financial and financial disclosures.

This recognition compliments our ranking in Dow Jones Sustainability Index where we are placed first in Asia Pacific and Fifth globally in metal and mining as well as our membership in FTSE4Good Index Series for the third year in a row. Now, coming to Operations: Production for our mines has progressively increased during the year. Agucha delivered 22% growth year-to-date and has achieved a run rate of 4.1 mtpa in Q3, has on track to achieve its target run rate of 4.5 mtpa in Q4.

Zawar continues to deliver good performance with ore production up 16% year-to-date. SK mine has started recovering from geo tech challenges which affected production volume and grade during first half of the year. Both volume and ore grade improved in Q3 and shaft fully operational, the mine is set to deliver good performance in Q4.

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Presentation made to Analyst and investors is attached for information.