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Sesa Goa likely to resume mining operations in Karnataka

15 Jul 2013 Evaluate

Sesa Goa’s iron ore mine in Karnataka has been recommended grant of forest clearance from a top advisory body of the environment ministry. This will enable the Vedanta group firm to resume operations in the Southern state after about 2 years once the final decision from the Environment Ministry is given positively within this month.

Currently, company’s all mining operations in India are closed primarily due to Supreme Court imposed mining bans in Goa and Karnataka. In Goa, the ban is still continuing but in Karnataka, it was lifted by the apex court in April.

Peers
Company Name CMP
Hindalco Industries 981.90
Vedanta 264.35
Hindustan Zinc 576.05
Jain Resource Recycl 284.70
CMR Green Tech 216.55
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