Thomson Reuters | Wednesday July 29, 2015
Chief Executive Tom Albanese said on a conference call Vedanta was hoping to get approvals as early as next month to restart a few mines in Goa and was positioned to restart mining at a rate of 5.5 million tonnes a year.
Press Trust of India | Monday July 13, 2015
The company, which has decided to shift its registered office from Goa to Mumbai, is now keenly awaiting the restart of mining in Goa post the monsoon season by October.
Press Trust of India | Saturday July 11, 2015
The iron ore industry in the state has been closed since 2012 after a Supreme Court order. The ban was lifted in 2014 but operations are yet to resume.
Thomson Reuters | Wednesday May 27, 2015
A mining ban that had been in place in Goa since September 2012 was lifted last year, but the resumption of operations was delayed while the government gave environmental clearance.
Thursday April 30, 2015
Court action against illegal mining has shut the industry in Goa for more than two years, although companies including top miner Vedanta Ltd are starting to get approval to resume work in about a month.
Thomson Reuters | Wednesday March 18, 2015
Sesa and other companies in Goa, however, are unlikely to be able to make any significant export as low world prices have made low-quality ore from India uncompetitive.
Friday January 16, 2015
Goa has removed a two-year ban on iron ore mining and expects mines could be back up and running by March or April at the earliest, its Director of Mines and Geology Prasanna Acharya said on Friday.
Thursday December 18, 2014
This is expected to pave way for other financial institutions to settle the long-pending bad debt of those who are in a lurch due to the halting of mining in the state.
India News | Edited by Mala Das | Thursday November 6, 2014
Goa mining baron Radha Timblo, who is one of the eight people named by the government in Supreme Court in connection with untaxed or black money in foreign accounts, has been summoned by the Enforcement Directorate on November 12.
India News | Sreenivasan Jain | Saturday October 18, 2014
After Karnataka and Goa, the Odisha government could be rocked by charges of illegal mining. A report by the Central Committee set up by the Supreme Court has found that 187 iron ore and manganese mines in the state are guilty of a host of violations, including mining in violation of environment and forest laws, and the excess mining of ore.
Tuesday October 14, 2014
Shares in Sesa Sterlite fell as much as 12 per cent to a low of Rs 218.90 on Tuesday after the Supreme Court on Goa mining said that pre-2007 iron ore belongs to the state. The pre-2007 iron ore has to be auctioned, the top court said.
Wednesday October 8, 2014
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.
Goa News | Press Trust of India | Monday September 15, 2014
Criticising the state government for being slack over restoration of a mining lease, the National Green Tribunal (NGT) on Monday issued a bailable arrest warrant against Goa chief secretary B. Vijayan.
Thursday September 11, 2014
Mining curbs in India in states such as Goa and Karnataka along with mine closures in top producing Odisha have limited iron ore availability in the country, opening the door to more imports this year, which could help absorb some of the surplus in global supply.
Goa News | Press Trust of India | Saturday August 16, 2014
In a clear signal that 28 mining leases would soon be operational resuming iron ore extraction in the state, Goa Chief Minister Manohar Parrikar said that the government will not challenge the recent High Court order which has asked the government to renew these leases.
Goa News | Press Trust of India | Friday August 15, 2014
Goa Chief Minister Manohar Parrikar today said that the mining industry will resume operations by this year end, thereby restarting the economic activity in the iron ore rich belts of the state.
Wednesday July 9, 2014
Supreme Court, in April this year, allowed an annual cap of 20 million tonnes of iron ore to be extracted in Goa which was banned by it in the state for nearly one-and-a-half years.
Thursday July 3, 2014
The miner expects its total iron ore output at 9.29 million tonnes in the current fiscal year to March 2015, Aniruddha Joshi, a vice president at Sesa Sterlite that operates in Goa and neighbouring Karnataka, told Reuters in an interview.
Sunday May 25, 2014
The Goa government has said it will adopt a transparent mechanism to award mining leases in future and is studying the Supreme Court order lifting ban on iron ore extraction before taking a decision on vacating current mine operators whose fate hangs in balance.
Thursday May 1, 2014
The layoff notices were given following the closure of iron ore business of Sesa Sterlite due to a Supreme Court imposed ban on mining in the state.
Wednesday April 23, 2014
The Supreme Court lifted a 19-month old ban on mining in Goa on Monday, although it capped annual output in the state at 20 million tonnes. More supply from Goa, which exports nearly all its output, is likely to add to an expected surplus in the world market and put downward pressure on prices
Tuesday April 22, 2014
In a statement, the Vedanta Group firm said that the apex court has held that all mining leases in Goa, including those of Sesa Sterlite, have expired in 2007 and hence, no mining operations can be carried out until renewal/execution of mining lease deeds by the state government.
Tuesday April 22, 2014
The Supreme Court lifted a 19-month old ban on mining in Goa on Monday, a move that will put more pressure on global prices although it capped annual output in the state at 20 million tonnes.
Monday April 21, 2014
The top court today allowed an annual cap of 20 million tonnes of iron ore to be extracted in Goa which was banned by it in the state for nearly one-and-a-half years.