Vedanta has received the relevant consent, license and approvals in place to commence the iron-ore mining operations in the State of Goa for some of its leases. The Company is likely to recommence operations from August 10, 2015 at its biggest mine at Codli in Sanguem taluka in Goa. Further the company has been granted approval for total extraction of 5.5 million metric tons of which Codli is 3.1 million metric tons. The five mining plans and schemes for Company’s mines have been already cleared by Indian Bureau of Mines and it is awaiting clearance of further 15 plans.
Vedanta is one of the world’s largest diversified natural resource companies. Its business primarily involves exploring, extracting and processing minerals and oil & gas.
