In a BSE filing, the company informed that the extension of the closure will result in potential loss of production of about 25,000 tonne of zinc
With regard to iron ore business it said that there was no production at Goa due to suspension of mining operations.
The association also stressed upon the need for immediate and appropriate measures by authorities to control further damage.
In a Q&A, Arun Mishra talks about the company's focus lowering cost of production amid the ongoing pandemic and likely impact on demand
Gold has made double bottom around 44,150 and bounced back sharply
Another surprise build up in US inventory also helped the crude oil prices pushing down below 4,600 but overall trend still is bullish as there is no reversal pattern on daily chart
Any trend reversal for crude oil will only be validated below the 4,350 region
The integrated metal production was 2,35,000 tonnes for Q3 FY21, up 7 per cent as compared to Q3 FY20
Zinc, aluminium poised for correction as prices move ahead of fundamentals
Under the MoU, Hindustan Zinc will cater to both Tata Steel & Tata Steel BSL
Company's bottom line takes a hit even as expenses decline 16% YoY; net sales down 4.3%
On the daily scale, Zinc has witnessed a crossover of 20 and 50 EMA, suggesting fresh sign of bullishness
Vedanta Group firm Hindustan Zinc Ltd (HZL) on Wednesday said it has signed a pact with Gujarat government to set up a greenfield zinc smelter in the state. The project will entail an investment of up to Rs 10,000 crore. Spread over 415 acres, the facility will entail an investment of Rs 5000- 10,000 crore in phases, creating more than 5,000 direct and indirect jobs and will be operational by 2022, HZL said in a statement. "HZL...signed a Memorandum of Understanding (MoU) with Government of Gujarat to set up 300 KTPA (kilo tonnes per annum) greenfield zinc smelter at Doswada, GIDC (Gujarat Industrial Development Corporation)," the statement said. The new facility - the first for Hindustan Zinc in Gujarat - will be set up with zero discharge technology and will be among the lowest-cost smelters in the world. This is one of the largest MoUs signed by the state under the States new industrial policy, which gives extra benefits to the companies investing in backward tribal districts,
Crude oil has made 'Piercing line' candlestick pattern on daily scale, which has bullish implementation
Giving an update on its zinc production in the country, the company said the "mined metal production for Q1FY21 was 202,000 tonnes
Covid-19 outbreak drags aluminium prices by 16%, zinc by 23%, copper by 20%
According to a source close to the development, the railway requirement will be about 1,000 track kilometre or approximately 120,000 tonnes of zinc every year
Decline in silver over 3%, gold holds fort with a marginal loss
Steel, iron ore firms gain pricing power, hope for demand revival in base metals
Commodity outlook and trading ideas by Bhavik Patel - Sr. Technical Analyst (Commodities), Tradebulls.