Wedoany.com Report-Aug. 19, On Monday, Hindustan Zinc, a leading Indian mining company, announced plans to invest 38.23 billion rupees ($437.5 million) in establishing a metals reprocessing plant. This initiative is part of the company’s strategy to enhance its production capacity and improve resource efficiency.

Hindustan Zinc logo is seen in this illustration taken, April 23, 2024.

The new facility, designed to process 10 million tons of material annually, will focus on recovering metals from tailing dumps, the waste piles left after metal extraction from ores. Hindustan Zinc stated that the plant will significantly increase its mineral recovery rates, supporting the company’s broader goal of doubling its annual production capacity to 2 million tons.

This announcement follows Hindustan Zinc’s earlier commitment in June to invest $1.39 billion in developing a metals complex in Rajasthan, a northwestern state where the company already operates a zinc smelter. The new reprocessing plant aligns with the company’s efforts to optimize resource use and expand its operational footprint in the region.

By leveraging waste materials, the facility aims to enhance the sustainability of Hindustan Zinc’s operations while contributing to its long-term growth objectives. The investment reflects the company’s focus on advancing its capabilities in the metals sector, strengthening its position in the industry.