Troubles of Sesa Goa do not seem to end soon as Supreme Court on October 5 stayed its ban on mining activities in the State of Goa. The court also referred the matter to Central Empowered Committee (CEC) to file a preliminary report in next four weeks, until which any movements of iron ore from mines/ stockyard would be restricted.
The Goa government had ordered shutdown of all 90 iron ore mines in the state following the Shah Commission report. The report, which was tabled in Parliament in early September, exposed a scam to the tune of Rs 35,000 crore in Goa's iron ore mines
Sesa Goa, which a part of Vedanta Resources plc, the London-listed FTSE 100 diversified metals and mining major, 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. The company also manufactures pig iron and metallurgical coke, with a 0.56 mtpa metallurgical coke plant and a 0.625 mtpa pig iron plant in Goa.
