Vedanta 2012
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Transcript of Vedanta 2012
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Overview
Hindustan Zinc is a Vedanta Group company in Zinc, Lead and Silver business. We
are India's only and the world's largest integrated producer of Zinc-Lead. We are
also one of the leading Silver producers in the world. We are one of the lowest cost
producers in the world and are well placed to serve the growing demand of Asiancountries. Hindustan Zinc is a subsidiary of the NYSE listed - Sterlite Industries
(India) Limited (NYSE: SLT) and London listed FTSE 100 diversified metals and
mining major - Vedanta Resources plc.
Our core business comprises of mining and smelting of zinc and lead along with
captive power generation. We have four mines and four smelting operations: mines
are situated at Rampura Agucha (largest zinc producing mine in the world),
Sindesar Khurd, Rajpura Dariba and Zawar in the State of Rajasthan; while the
smelters are located at Chanderiya, Debari and Dariba in the State of Rajasthan and
Vizag in the State of Andhra Pradesh.
Our current metal production capacity is 1,064,000 tonnes per annum (879,000
tonnes of zinc and 185,000 tonnes of lead). With reserves and resources of 313.2
million tonnes, our exploration programme is integral to our growth and future
expansions. Successful exploration and subsequent development of mineral assets
underlines our mission and business strategy.
We also own 474 MW of coal based thermal captive power plants in Rajasthan to
support our metallurgical operations. We also have 123.2 MW of wind energy in
Gujarat and Karnataka, which is sold to the respective State grids. Taking our green
energy initiative a step further, we had announced, in January 2011, an addition of
150 MW in our existing wind power capacity. Of this, around 135 MW has alreadybeen commissioned. The balance capacity is expected to be commissioned in Q4 FY
2012. Post the expansion, our wind power generation capacity will increase to 273
MW.
History & Milestones
Hindustan Zinc Limited was incorporated from the erstwhile Metal Corporation of
India on 10 January 1966 as a Public Sector Undertaking.
In April 2002, Sterlite Opportunities and Ventures Limited (SOVL) made an open
offer for acquisition of shares of the company; consequent to the disinvestment ofGovernment of India's (GOI) stake of 26% including management control to SOVL
and acquired additional 20% of shares from public, pursuant to the SEBI Regulations
1997. In August 2003, SOVL acquired additional shares to the extent of 18.92% of
the paid up capital from GOI in exercise of "call option" clause in the share holder's
agreement between GOI and SOVL.
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With the above additional acquisition, SOVL's stake in the company has gone up to
64.92%. Thus GOI's stake in the company now stands at 29.54%.
Vision, Mission & ValuesVision
Be the world's largest and most admired Zinc-Lead & Silver Company
Mission
Enhance stakeholders value through exploration, innovation, operational
excellence and sustainability
Be a globally lowest cost producer
Maintain market leadership and customer delight
Values
Entrepreneurship
Growth
Excellence
Trust
Sustainability
Board of Directors:-
Mr. Agnivesh Agarwal - Chairman
Mr. Akhilesh Joshi- CEO & Whole-time Director
Mr. A. R. Narayanaswamy - Director
Ms. Anjali Anand Srivastava- Director
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Mr. Navin Agarwal- Director
Mr. Rajib Sekhar Sahoo- Director
Mr. Naresh Kumar- Director
Ms. Shaukat Ara Tirmizi- Director
ORGANISATION PROFILE
Vedanta Resources Plc
Vedanta is a US $2.2 billion London listed, diversified metals and mining Group
Vedanta has copper; aluminum and zinc operations are India. Two copper mines
inAustralia and copper mines in Zambia.
Vedanta also has interests in gold (AGRC) and optical fiber (SOTL) Through
theSterlite Group.
In India, Vedanta Resources has interests in HZL (through sterile), BALCO
andMALCO.
FY 2012 group turnover: US $2918.98 million
Indian Market Shares: -
Zinc Vedanta (HZL) 75% Only Integrated Zinc producer.
Copper Vedanta (Sterlite) 42% One of two leading copper producers.
Aluminum Vedanta (BALCO and MALCO) 21% One of three aluminium producers.
Vedanta Resource is covering -
1. Konkola Copper Mines plc. (KCM)
2. Sterlite Industries (India) ltd.
3. Madras Aluminum Company ltd. (MALCO)
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4. Vedanta Alumina Ltd.5. Hindustan Zinc Ltd.(HZL)6. Bharat Aluminum
Company Ltd. (BALCO)
Data of Financial year 2012:
Reserves and Resources as on 31st March 2012
Resources Reserves
Measured and indicatedInferred Proved and probable
Mt
Grade % g/t
Mt
Grade % g/t
Mt
Grade %g/t
Zinc Lead Silver Zinc Lead Silver Zinc LeadSilver
Rampura
Agucha17.2 14.9 2.0 64 23.9 11.6 2.0 54 69.3 13.7 1.9 61
Rajpura
Dariba8.4 7.1 2.0 71 35.1 7.8 2.1 92 8.8 6.3 1.7 68
Sindesar
Khurd11.4 5.4 2.7 143 48.4 4.5 3.1 162 21.6 4.5 2.7 161
Bamnia
Kalan1.7 5.3 1.8 80 3.4 5.0 3.8 114
Zawar 25.4 5.0 1.8 43 38.7 5.0 2.6 55 7.8 3.6 2.0 35
Kayar 8.8 10.5 1.6 34 0.7 7.0 1.0 15 1.8 12.6 1.8 30
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Total 72.9 8.3 2.0 66 150.2 6.6 2.6 99 109.3 10.6 2.0 79
Note: The Mineral Resource is reported exclusive of the Ore Reserve.
MINING
RampuraAgucha
Sindesarkhurd
RajpuraDariba
Zawar
Oreproduction(million tonnes)
5.95 1.30 0.59 0.20
Type of mine Open cast Underground Underground UndergroundReserves(milliontonnes)
69.3 21.6 8.8 7.8
Resources(million
tonnes)
41.1 59.8 43.5 64.1
Ore productioncapacity(mtpa)
6.15 2.00 0.90 1.20
SMELTING
CHANDERIYA DARIBA DEBARI VIZAG+Production(Tonnes)
Zinc 4,64,021 1,98,204 68,046 28,445
Lead* 68,309 30,415
Capacity
(Tonnes)
Zinc 525,000 210,000 88,000 56,000
Lead 85,0000 100,000
Includes captive lead consumption of 6,625 tonnes
Operations currently under suspension.
Note :HZL also have Zinc,Lead and silver refining facilities in the state of
Uttrakhand.
Key By-product production
Refined Silver 242 tonnes** (capacity 518 tonnes)
Sulphuric Acid 1.31 Million tons (capacity 1.74 Million tons)
** Includes captive Silver consumption of 35 tones
POWER
Chanderiya Dariba Zawar Debari
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Coal BasedCapativePowerPlant(MW)
234 160 80
Waste HeatRecovery(MW
)
13.7 4.3 6.5
Wind EnergyFarms
Gujarat
Karnataka
Rajasthan Tamilnadu Maharastra
Capacity(MW)
88.8 49.4 88.8 21.0 25.5
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