Thomson Reuters | Tuesday October 20, 2015
Vedanta Ltd expects its iron ore exports from Goa to be much higher than its permitted mining capacity of 5.5 million tonnes in the fiscal year to March, as it bids for ore in government-run auctions.
Goa News | Press Trust of India | Tuesday October 20, 2015
Goa on Monday sent out its first export consignment of iron ore after the lifting of the mining ban in the state with Chief Minister Laxmikant Parsekar saying he would do everything possible to help the industry and also ask the Centre to remove a 10 per cent duty on these exports.
Press Trust of India | Monday September 14, 2015
While Sesa had resumed work at its Codli mining site earlier, on Monday it opened its Bicholim mining lease, both of which are the largest mining leases in the state.
Thomson Reuters | Thursday August 20, 2015
MMTC Ltd, India's biggest trading company, issued a tender on Thursday seeking overseas buyers for iron ore from Goa state, which a company source said marked its entry into the low-grade ore business as mining picks up in the country.
Press Trust of India | Tuesday August 18, 2015
Vedanta's iron ore division in Goa is expected to resume exports to China after a lull of three years.
Goa News | Press Trust of India | Tuesday August 11, 2015
Goa Chief Minister Laxmikant Parsekar has said the government will issue directions to mine operators in the state to resume operations.
Press Trust of India | Monday August 10, 2015
As Vedanta Ltd, formerly known as Sesa Sterlite, gets down to resuming mining operations in Goa after three years, the company's iron ore business CEO Kishore Kumar said the mining "cake has shrunk".
Thomson Reuters | Monday August 10, 2015
Goa, which is India's top iron ore exporting state, resumed production on Monday after nearly three years and could hit its court-set annual limit of 20 million tonnes this fiscal year itself, its mines director told Reuters.
Press Trust of India | Thursday August 6, 2015
Vedanta Ltd is likely to start iron ore mining operations at the Codli mines in Goa on August 10.
India News | Press Trust of India | Wednesday August 5, 2015
Goa Chief Minister Laxmikant Parsekar today admitted that half of the ore e-auctioned in the state is still lying at the jetties, but despite this extraction of fresh ore would begin from October.
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.