Sesa Expects Goa Mining to Resume by January/February


New Delhi, Oct 8 (Reuters): Sesa Sterlite Ltd said iron ore mining in Goa may resume by January to February, a later-than-expected start that will restrict the India's exports of the steel-making raw material to the lowest level in decades.

Sesa is India's top private iron ore mining company with most of its operations in Goa, the biggest iron ore exporting state where no mining has taken place since September 2012 due to action against illegal mining.

"Based on recent public comments by the government of Goa, it's now probably realistic to assume mining to start by January to February at the earliest," Tom Albanese, chief executive of Vedanta Resources that controls Sesa, told Reuters in an email late on Tuesday.

This indicates a four- to five-month delay versus initial expectations for a restart in September.

Albanese added that India's high export duty amid record low prices for iron ore was an "economic barrier to mining".

  

Top Stories


Leave a Comment

Title: Sesa Expects Goa Mining to Resume by January/February



You have 2000 characters left.

Disclaimer:

Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. Daijiworld.com will not be responsible for any defamatory message posted under this article.

Please note that sending false messages to insult, defame, intimidate, mislead or deceive people or to intentionally cause public disorder is punishable under law. It is obligatory on Daijiworld to provide the IP address and other details of senders of such comments, to the authority concerned upon request.

Hence, sending offensive comments using daijiworld will be purely at your own risk, and in no way will Daijiworld.com be held responsible.