Sesa Sterlite has re-started iron ore mining in Karnataka and expects to produce 700,000 tonnes this month. The State Government has renewed the mining lease, and the company started mining in Karnataka from last week after receiving statutory clearances.
The annual production capacity at the mines has been capped at 2.3 million tonnes. The company's iron ore mine is located in the southern part of Karnataka in Chitradurga district which used to produce 6 million tonnes a year before the mining ban was imposed.
Sesa Sterlite is one of the world’s largest diversified natural resource companies. Its business primarily involves exploring, extracting and processing minerals and oil & gas.
