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. In 2009 a public interest litigation was filed by a nine-year-old child of Advalpal village through his mother Sharmila Naik together with the Goa Foundation. Besides mining activities in Goa, Sesa Goa is also mining in Karnataka and Orissa. M.K. Facebook, Twitter, Instagram, YouTube and Reddy Director IOK. In 2007, it bought Sesa Goa, a mining company started in north Goa in 1954, from its then owners, Japan’s Mitsui Corporation. A mine in Goa. SAUVICK MAZUMDAR Chief Executive Officer. Vedanta owns a majority stake in Sesa Goa Pvt Ltd, which used to conduct large-scale iron ore mining operations in Goa. Sesa Goa's lease for the mine had expired in October last year and with that the forest clearance had also ended. Mukherjee, Managing Director, Sesa Goa, had told Business Line. During 1991-1995, it diversified into the manufacture of pig iron and metallurgical coke. For more information about the company Vedanta Resources, http://www.banktrack.org/show/companyprofiles/vedanta_resources, http://www.vedantaresources.com/sustainability/, Contamination of groundwater and river water, Contamination of air quality with dust and chemical pollutants, Encroachment by Sesa Goa onto School land. Or click on Free Trial to get 14 days free trial. Sesa Goa also has other mining sites in villages such as Pissurlem in Sattari and Advalpal in Assonora. Sesa Sterlite expects Goa mining ban to be lifted soon. Offer closes soon. AN EYE ON GROWTH Sesa Goa MD P.K. Sesa Goa Indias largest producer and exporter of iron ore in the private sector. Since then, it has grown to be one among the top low-cost producers of iron ore in the country. http://www.minesandcommunities.org/list.php?r=831. Experience cleaner site with zero ads and faster load times. million (€ 815 million) and existing cash resources. In the olden days, we had only public sector companies developing mineral resources of the country,” he had told Business Line, on an earlier occasion. Sirigaon Litigation Net profit jumped 60 per cent to Rs 4,222 crore in FY’11, even as production dipped 11 per cent to 19 million tonnes. However, after Goa Liberation, it formed a part of the Directorate of Industries and Mines for quite some time. Since 2007 Vedanta Resources is the majority shareholder of Sesa Goa. Despite the setbacks in Karnataka, the company managed to retain its pivotal position within the group due to a cash pile of Rs 10,682 crore on its books in FY’11. 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. Sesa Goa acquired a major stake in Western Cluster, a Liberian iron ore mining company, in an all-cash Rs 400-crore deal. The recent blanket ban on iron ore mining in Goa poses a severe challenge even as the company tackles a similar situation in Karnataka. Norway's pension fund, the world's second-largest sovereign wealth 4900 crores. They offer life cover and assured returns, Investors can do certain basic checks regularly to protect themselves from broker-related frauds, Investors in 30% bracket can consider tax-free bonds as they offer relatively better returns, You’ve been tough, but some lessons are best learnt the hard way. Sesa currently has an inventory of about two million tonnes (mt) in Goa. I cannot comment anything much. Sesa Goa's main mining operations are at Codli and Sonshi. Among these are Deutsche Bank, WestLB, and Danske Bank. fund, sold its shares in Vedanta Resources due to the company's Read more. Anil Agarwal, Chairman of Vedanta Group, however brushes off these concerns. Shares of Sesa Sterlite jumped nearly 5 per cent to hit intraday high of Rs 202 after the central government decided to revoke the ban on mining in Goa. The turn of the year is a great opportunity for brands to put their best feet forward and showcase ... Three years after its inception, compliance with GST procedures remains a headache for exporters, job workers ... Corporate social responsibility (CSR) initiatives of companies are altering the prospects for wooden toys of ... Aequs Aerospace to create space for large-scale manufacture of toys at Koppal. In 2009 a report from this government body confirmed the depletion of water supplies and the land situation. It recommended that the companies (among others Sesa Goa) should “replenish the aquifier, restore the damaged rice fields and stabilise mine waste”. On September 17, 2009 the High Court of Bombay (interim order) restrained  Sesa Goa from undertaking Phase I and II mining in Advalpal. The local District Collector banned the movement of iron ore from mines to curtail mishaps during the monsoon. You have clicked on a link which leaves THBL website, and you will be redirected to a third party website.THBL makes no representations nor has any supervision or control over the content, reliability or security of the third party website, nor shall THBL be liable for its use. Acting in tandem with its parent, Vedanta Resources Plc, Sesa acquired a 10.4 per cent stake in Cairn India from Petronas International Corporation for Rs 6,620 crore in April last year. “If India has to leapfrog in this global arena, we need active private partnership. 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