Sesa Sterlite had 10 mining leases in Goa and one in Karnataka. Panaji: Sesa Goa, a subsidiary of Vedanta Monday announced resumption of its mining operations in the state, after a gap of three years. The Supreme Court is expected to rule on lifting an 18-month old mining ban in Goa soon, after which operations may resume in September, following the monsoon, an official of Sesa Sterlite said today. Sesa Goa News Monitoring. Sesa Goa, a subsidiary of Vedanta Monday announced resumption of its mining operations in the state, after a gap of three years. Sesa Iron Ore, a subsidiary of Vedanta Resources Inc, opened its second mining lease in the state today to utilise its full annual production allowance of 5.5 million tonne, as approved by Goa government. Reuters reported Thursday that iron mining in Goa may resume in two months after the environment ministry lifted a ban that's been in place since 2012. India Inc seems to have regained its appetite for mergers and acquisitions. For Sesa Goa, once the jewel in the crown of the Vedanta Group, the task of regaining its lost glory is all uphill. Since 2007 Vedanta Resources is the majority shareholder of Sesa Goa. Have you read these stories? Bicholim: Agitated members of the Sesa Goa Mining Corporation Employees’ Union on Friday prevented officials of Vedanta Limited from restarting mining 'Love jihad' ordinance cleared by UP cabinet. In an interview with CNBC TV 18 , PK Mukherjee, the managing director of Sesa Goa said, "Because of the ban in Karnataka, we are seeing FY12 production target fall short by almost 4-5 million tonne." Mining in Bellary region had already been banned by the court on July 29. Sesa Sterlite executive director Mukherjee quits: report. Founded in 1954, it has about six decades of expertise in the exploration, mining and processing of iron ore. Sesa Sterlite on Tuesday reported a consolidated net profit of Rs 1,868.29 crore for the quarter ended December 31, 2013. India's biggest private iron ore exporter Sesa Goa expects some positive news on removal of iron ore mining restriction in Goa by end of next month, its Managing Director PK Mukherjee said on Monday. The striking truck owners of mining have agreed to come down on their demand of transportation rate, provided the Sesa mining company agrees to hike the rate they are offering today. The company, which had stopped mining following a Supreme Court ban in the state two years ago (later lifted), recently secured a working permit for one year from the union ministry of environment and forests (MoEF) for its mines in Chitradurga district. "We should give renewal for the balance 14 iron ore mines by Get by Email • RSS. Find Sesa Latest News, Videos & Pictures on Sesa and see latest updates, news, information from NDTV.COM. In all, 28 leases for which stamp duty had been paid in 2012 were cleared for renewal by the Goa … Prudent Media brings the latest news headlines about Goan politics, Goa sports, Goa social, Goa health, Goa crime, Goa education, Goa culture, Goa business and Live Video of Prudent Media - The No. Shares in Sesa Goa fell sharply after Goa govt suspended all mining activities. Sesa Goa is looking to restart iron ore mining from Karnataka and expects a strong demand of the ore within the state, a top company official of its parent firm Vedanta Resources said Thursday. Sesa Goa falls 6% after lock-in period ends. Sesa Goa, which has produced 18.8 million tonnes of iron ore in the last fiscal, had said earlier that ban on mining in Chitradurga would affect its gross revenues by up to 15 per cent. Mining Industry News ••• Topics • Countries • U.S. States. The Navhind Times Online, delivers the latest news from Goa, India right to your desktop, everyday. Get all latest & breaking news on Sesa Goa. Suspension of mining in Chitradurga will also affect company's expansion plans in Karnataka. While Sesa had resumed work at its Codli Sesa Goa, a division of Sesa Sterlite, is moving towards resuming iron ore mining in Karnataka. The benchmark BSE Sensex is up 0.7 per cent, while the broader Nifty is up 0.6 per cent, heading towards their third consecutive day of gains. The annual capacity of Sesa Goa Iron Ore Business is 5.5 MT per annum. Find Sesa Sterlite Ltd Latest News, Videos & Pictures on Sesa Sterlite Ltd and see latest updates, news, information from NDTV.COM. Sesa Goa: Vedanta's open offer to Cairn likely to strain balance sheet 07 Apr, 2011, 12.36 AM IST Given its latest reported cash and debt on books, Sesa Goa will have to look for alternative funding to finance the open offer, which is not related to its core activities. Chief Minister Laxmikant Parsekar formally launched the mining operations at Sesa Goa's Codli mines, 100 kms away from here. Sesa Goa Iron Ore is India’s largest producer and exporter of iron ore in the private sector with operations in the states of Goa and Karnataka in India and a project site in Liberia, West Africa. Bicholim: Agitated members of the Sesa Goa Mining Corporation Employees’ Union on Friday prevented officials of Vedanta Limited from restarting mining activities. All the news surrounding the mining ban in Karnataka has increased fears of a similar ban in Goa as well, affecting companies like Sesa Goa which operates in the area. Find Sesa Goa Latest News, Videos & Pictures on Sesa Goa and see latest updates, news, information from NDTV.COM. Sesa Sterlite expects Goa mining ban to be lifted soon. Sesa Goa acquired a major stake in Western Cluster, a Liberian iron ore mining company, in an all-cash Rs 400-crore deal. During 1991-1995, it diversified into the manufacture of pig iron and metallurgical coke. Sensex rises more than 150 points; L&T, Sesa Goa gain. Vedanta cuts political donations in India by half. Watch videos, top stories and articles on Sesa Goa at moneycontrol.com. The ordinance provides for a jail term of 1-5 years with Rs 15,000 penalty for forceful religious … Goa Mining Ban Latest breaking news, pictures, photos and Video News. After a gap of three years, Sesa Goa, a subsidiary of Vedanta on 10 August announced resumption of its mining operations in the state. Sesa Goa gains 14 per cent on Sensex inclusion. Sesa Goa seeks FM's support for lifting mining ban in Goa. Videos News Videos. Chief Minister Laxmikant Parsekar partially succeeded in getting the truck owners to reduce their demand, but did not succeed in getting them agree to the rates offered by the Sesa company. Sesa Goa to resume mining in Karnataka by June. This website follows the DNPA Code of Ethics, Make sure all words are spelled correctly. 1 TV Channel of Goa. September 11, 2012 12:54 pm. 04 Jul 2014. Vedanta Group firm Sesa Sterlite is unlikely to meet the target of first shipment of iron ore from its Liberian mines by March this year due to logistics issues, according to industry sources. Panaji: Following an appeal from striking workers, Vedanta Sesa Goa Iron Ore, on Thursday, revoked the suspension order in the Bicholim mines and restarted mining operations. Sesa Goa Iron Ore, a Vedanta group firm, works through a comprehensive sustainability mechanism that helps in maximising the social and environmental benefits of mining and creating maximum value for various stakeholders, a senior company official said on Tuesday. Find Sesa Goa Latest News, Videos & Pictures on Sesa Goa and see latest updates, news, information from NDTV.COM. Get all the latest news and updates on Sesa Goa only on News18.com. The mining ban on Sesa Goa, in Chitradurga which has produced 18.8 million tonnes of iron ore in the last fiscal, will affect its gross revenues by up to 15 per cent. Jayanti acts tough, squashes Sesa Goa's mining plans The action was taken because Sesa Goa suppressed vital information and followed faulty environment impact assessment, the ministry said. PANAJI: The high court of Bombay at Goa on Thursday, in an interim order, restrained Sesa Goa from carrying on mining activities at phase 1 and phase 2 of its iron ore mine at Advalpal in Assonora. Sesa Goa announces resumption of mining operations. MUMBAI: Vedanta Sesa Goa, Vedanta's iron ore producing company has extended the shutdown of its operations for 3 more days following orders from the Government of Goa, the company said. The stock rose 9.57 per cent while Infosys Ltd provisionally ended 1 per cent higher. Read more about Sesa Goa expects news on mining restriction by Nov-end on Business Standard. Sesa Sterlite gains; Moody's upgrades Vedanta. Read all news including political news, current affairs and news headlines online on Sesa Goa today. Donations by mining conglomerate Vedanta Resources to Indian political parties were cut by half to over Rs 5 crore ($0.97 million) in 2012-13. Moody's said Vedanta has taken steps to improve its credit profile, simplifying its group structure through the formation of Sesa Sterlite - the result of a merger between Sesa Goa and Sterlite Industries - and through its more proactive approach to refinancing debt. Deutsche Bank downgrades Sesa Sterlite to hold. Explore more on Sesa. Find Goa Mining Ban news headlines, photos, videos, comments, ... Sesa drops as Goa suspends mining. Read more about Vedanta's Sesa Goa opens its second mining lease at Bicholim on Business Standard. Mining conglomerate Vedanta today said its arm Sesa Goa may suspend iron ore mining in Goa due to the ongoing dispute between the firm and truck operators. The company has been issued orders from the Directorate of Mines, Government of Goa, on September 10, 2012. Latest Goa News. May 16, 2013, 18:50 PM IST That will take Sesa Goa just below the three global mining heavyweights Vale, Rio Tinto and BHP Billiton. India Inc seems to have regained its appetite for mergers and acquisitions. The Supreme Court is expected to rule on lifting an 18-month old mining ban in Goa soon, after which operations may resume in September, following the monsoon, a Sesa Sterlite official said on Friday. Get the latest Sesa goa news, videos and headlines. They started producing iron ore which was exported from the port towns of Haldia and Paradip. Larsen & Toubro Ltd gained 2.2 per cent after Barclays upgraded the stock to "overweight", citing a potential recovery in earnings and valuations. Sesa Sterlite reports Rs 1,868-crore net profit in Q3. Chief Minister Laxmikant Parsekar formally launched the mining operations at Sesa Goa's Codli mines, 100 kms away from here. Sesa Goa is looking to restart iron ore mining from Karnataka and expects a strong demand of the ore within the state, a top company official of its parent firm Vedanta Resources said Thursday. 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. Find Mining Ban In Goa Latest News, Videos & Pictures on Mining Ban In Goa and see latest updates, news, information from NDTV.COM. MUMBAI: Vedanta Sesa Goa, Vedanta's iron ore producing company has extended the shutdown of its operations for 3 more days following orders from the Government of Goa, the company said. Vedanta Sesa Goa Blogs, Comments and Archive News on Economictimes.com . Vedanta group firm Sesa Goa has deferred 10-25 percent of salaries to its senior employees as it grapples with huge erosion in sales and profits on account of ban on mining in Goa and Karnataka, a top company official said on Friday. Vedanta Sesa Goa Latest Breaking News, Pictures, Videos, and Special Reports from The Economic Times. Updated: Nov 24, 2020, 09.00 PM IST. Sesa Sterlite expects Goa mining ban to be lifted soon 05 Apr, 2014, 04.43 AM IST. The company was founded in 1954, as Scambi Economici SA Goa. In 1999, Sesa Goa started mining operations in Barbil, which has the fifth largest deposit of iron ore and manganese in the world. BSE Sensex gains for third day; Sesa Goa surges. In the 464-page report on illegal mining, Karnataka's Lokayukta N Santosh Hegde has mentioned Sesa Goa among the companies which exported iron ore from Krishnapatnam port after the state government had a ban on its transportation. Sesa Goa surged a day ahead of its inclusion in the Sensex. 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