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Sesa Goa to invest $500 m for expansion

16 Jul 2010 Evaluate

Sesa Goa Ltd proposes to invest about $500 million in expanding its mining and logistics infrastructure to support its aggressive growth plans as it aims to more than double its annual iron ore output to 50 million tonnes (mt) over the next three years.

 

Such a large increase in production and transportation of iron ore over a short span of time will need aggressive investments and concerted efforts not only at the mines, but also in developing the associated logistics infrastructure.

 

The investments would be in machinery including improved processing plants and higher capacity heavy earth moving equipment. On the logistics front, this includes developing access roads, port handling facilities, railway siding and the barge fleet.

 

Sesa ended 2009-10 with a total consolidated production of 21.4 million tonnes to become the 13th largest iron ore producer in the world. Sesa Goa aims to be the world's fourth largest iron ore producer in the world by 2012-13 with an annual production of 50 mt.

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