Millennium Post

Sesa Goa hopes to restart Karnataka mining by June

Sesa Goa is looking to restart iron ore mining from Karnataka and expects a strong demand of the ore within the state, a top company official of its parent firm Vedanta Resources said on Thursday.

'We expect to resume mining in Karnataka by June... we are in the process of securing necessary clearances' Vedanta's CEO M S Mehta said.

Noting that iron ore produced in Karnataka does not have the permission for exports, Mehta said that there is a 'significant latent potential demand of iron ore within the state of Karnataka itself' and Sesa Goa is not looking to export the raw material from the state.

Sesa Goa's mine in Karnataka's Chitradurga district is among the mines on which the SC had lifted the ban last month. However, its lease for the mine had expired in October last year and the forest clearance had also ended.

While the company can begin mining on deemed basis till the renewal of the lease, it requires forest clearance to do the same. Last month, Sesa Goa's MD P K Mukherjee had said the company is in 'advanced stages' of securing forest clearance for resuming mining.
PTI

PTI

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