Last Updated: Monday, August 10, 2015, 13:59. Panaji: Sesa Goa, a subsidiary of Vedanta Monday announced resumption of its mining operations in the state, after a gap of three years. Deutsche Bank downgrades Sesa Sterlite to hold. BSE Sensex gains for third day; Sesa Goa surges. Mining Sesa Goa: Get all the Latest News, Pictures, Videos and Special Report about Mining Sesa Goa by mint. The company has been issued orders from the Directorate of Mines, Government of Goa, on September 10, 2012. The company, which had stopped mining following a Supreme Court ban in the state two years ago (later lifted), recently secured a working permit for one year from the union ministry of environment and forests (MoEF) for its mines in Chitradurga district. Vedanta's Sesa Goa Opens its Second Mining Lease at Bicholim, Business | Press Trust of India | Monday September 14, 2015. Vedanta Sesa Goa Latest Breaking News, Pictures, Videos, and Special Reports from The Economic Times. Sesa Goa seeks FM's support for lifting mining ban in Goa. Sesa Sterlite may miss first ore shipment target from Liberia: report. After a gap of three years, Sesa Goa, a subsidiary of Vedanta on 10 August announced resumption of its mining operations in the state. Latest Goa News. Prudent Media brings the latest news headlines about Goan politics, Goa sports, Goa social, Goa health, Goa crime, Goa education, Goa culture, Goa business and Live Video of Prudent Media - The No. Sesa Sterlite expects Goa mining ban to be lifted soon 05 Apr, 2014, 04.43 AM IST The Supreme Court is expected to rule on lifting an 18-month old mining ban in Goa soon, after which operations may resume in September, following the monsoon, an official of Sesa Sterlite said today. 04 Jul 2014. In all, 28 leases for which stamp duty had been paid in 2012 were cleared for renewal by the Goa … Vedanta group firm Sesa Goa has deferred 10-25 per cent of salaries to its senior employees as it grapples with huge erosion in sales and profits on account of ban on mining in Goa and Karnataka, a top company official said on Friday. Government comments on iron ore positive: Sesa GoaAug 26, 2013, Mining royalty hike to put 'tremendous' pressure: Sesa GoaJul 3, 2013, FY14 volumes from Karnataka at 2.29 MT: Sesa GoaApr 22, 2013, Weakness in iron ore prices: Sesa GoaMar 15, 2013, Iron ore clamp down has hurt customer relationships: Sesa GoaDec 27, 2012, Potential blanket mining ban in Goa unfair: Sesa GoaNov 30, 2012, Business activity at a standstill: Sesa GoaNov 23, 2012, Avoid PSU bank stocks: ExpertsSep 11, 2012, Avoid auto, steel, prefer pharma stocks: ExpertsSep 3, 2012, Siddharth Sedani answers your portfolio queriesAug 22, 2012, Hold SAIL, Sesa Goa, Sterlite: ExpertsAug 22, 2012, Sell Kingfisher on rally: Rakesh BorarJul 5, 2012, Buy banking, pharma, FMCG stocks in June: ExpertsMay 31, 2012, Rupee weakness to impact loans, crude oil price: Sesa GoaMay 22, 2012, We Mean Business: Is auctioning of all natural resources practical?May 16, 2012. New Delhi, July 14: A top advisory body of the Environment Ministry has recommended grant of forest clearance to Sesa Goa's iron ore mine Sesa Goa falls 6% after lock-in period ends. The mining ban on Sesa Goa, in Chitradurga which has produced 18.8 million tonnes of iron ore in the last fiscal, will affect its gross revenues by up to 15 per cent. The issue of the ban on mining transportation during monsoons in South Goa by the district collector, N D Agarwal, last month and its subsequent relax Chief Minister Laxmikant Parsekar formally launched the mining operations at Sesa Goa's Codli mines, 100 kms away from here. Donations by mining conglomerate Vedanta Resources to Indian political parties were cut by half to over Rs 5 crore ($0.97 million) in 2012-13. Vedanta Group firm Sesa Sterlite is unlikely to meet the target of first shipment of iron ore from its Liberian mines by March this year due to logistics issues, according to industry sources. Read more about Mining ban: Sesa Goa defers 10-25% of salaries from Jan on Business Standard. Bicholim: Agitated members of the Sesa Goa Mining Corporation Employees’ Union on Friday prevented officials of Vedanta Limited from restarting mining Vedanta group firm Sesa Goa has deferred 10-25 percent of salaries to its senior employees as it grapples with huge erosion in sales and profits on account of ban on mining in Goa and Karnataka, a top company official said on Friday. Sesa Goa's main mining operations are at Codli and Sonshi. Read all news including political news, current affairs and news headlines online on Sesa Goa today. Deutsche says the company, which came into being following the recent merger between Sesa Goa and Sterlite Industries, will benefit from the combined diversification and revenue mix. Videos News Videos. About 26 Gram Panchayats of Goa had approached the Supreme Court for restating mining activities in the State. Vedanta cuts political donations in India by half. Sesa Sterlite on Tuesday reported a consolidated net profit of Rs 1,868.29 crore for the quarter ended December 31, 2013. Panaji: Following an appeal from striking workers, Vedanta Sesa Goa Iron Ore, on Thursday, revoked the suspension order in the Bicholim mines and restarted mining operations. In the second-largest acquisition in India's iron ore industry, Sesa Goa, a subsidiary of London-listed Vedanta Resources, today acquired Goa-based Dempo group’s mining and maritime … Find Sesa Goa Latest News, Videos & Pictures on Sesa Goa and see latest updates, news, information from NDTV.COM. India Inc seems to have regained its appetite for mergers and acquisitions. That will take Sesa Goa just below the three global mining heavyweights Vale, Rio Tinto and BHP Billiton. Sesa Sterlite Ltd has said the Supreme Court's reiteration on Tuesday of a prior ruling that all iron ore mined in Goa before 2007 belonged to the western state did not relate to the company. Sesa Goa Iron Ore, a Vedanta Group company is engaged in exploration, mining and processing of iron ore. Sesa Sterlite expects Goa mining ban to be lifted soon. Read more about Sesa Goa expects news on mining restriction by Nov-end on Business Standard. It will adversely affect to some extent the performance of the company, it said in a filing to the BSE,while informing about suspension of its mining activities in Chitradurga. Jayanti acts tough, squashes Sesa Goa's mining plans The action was taken because Sesa Goa suppressed vital information and followed faulty environment impact assessment, the ministry said. Read more about Vedanta's Sesa Goa opens its second mining lease at Bicholim on Business Standard. Panaji: Chief executive officer of Vedanta Ltd - Sesa Goa Iron Ore, Sauvick Mazumdar, said the company has moved the Supreme Court seeking that Goa’s mining matter be listed as urgent. Mining Industry News ••• Topics • Countries • U.S. States. Read more about Goa govt's mining lease renewals to open Sesa's 70% iron ore operations on Business Standard. Sesa Goa, a division of Sesa Sterlite, is moving towards resuming iron ore mining in Karnataka. Sesa Goa acquired a major stake in Western Cluster, a Liberian iron ore mining company, in an all-cash Rs 400-crore deal. Since 2007 Vedanta Resources is the majority shareholder of Sesa Goa. Have you read these stories? Since then, it has grown to be one among the top low-cost producers of iron ore in the country. Vedanta's Sesa Goa to resume mining operations in Codli mines Codli mine which was Asia's largest mining site before it was shut down has the extraction capacity of 3.1 million tons. In the second-largest acquisition in India's iron ore industry, Sesa Goa, a subsidiary of London-listed Vedanta Resources, today acquired Goa-based Dempo group’s mining and Sensex rises more than 150 points; L&T, Sesa Goa gain. The iron ore miner Sesa Goa reported a 14.6% in net profit at $173 million (Rs 9.6 billion) for the first quarter ended June 30, 2012, mainly on its share of profit in associate company, Cairn India. Mining conglomerate Vedanta today said its arm Sesa Goa may suspend iron ore mining in Goa due to the ongoing dispute between the firm and truck operators. Read more about Sesa Goa buys Dempo's mining biz on Business Standard. Get by Email • RSS. The benchmark BSE Sensex is up 0.7 per cent, while the broader Nifty is up 0.6 per cent, heading towards their third consecutive day of gains. For Sesa Goa, once the jewel in the crown of the Vedanta Group, the task of regaining its lost glory is all uphill. Sesa Goa to resume mining in Karnataka by June. MUMBAI: Vedanta Sesa Goa, Vedanta's iron ore producing company has extended the shutdown of its operations for 3 more days following orders from the Government of Goa, the company said. BankTrack is the international tracking, campaigning and NGO support organisation focused on banks and the activities they finance. Explore more on Sesa Goa. In a letter to the Finance Minister, Sesa Goa's Managing Director P K Mukherjee said Goa's economy has been suffering since last 10 months due to the mining ban, which has caused severe economic and social distress to the people of Goa. Sesa Goa, a subsidiary of Vedanta Monday announced resumption of its mining operations in the state, after a gap of three years. All the news surrounding the mining ban in Karnataka has increased fears of a similar ban in Goa as well, affecting companies like Sesa Goa which operates in the area. Sesa Iron Ore, a subsidiary of Vedanta Resources Inc, opened its second mining lease in the state today to utilise its full annual production allowance of 5.5 million tonne, as approved by Goa government. Find Mining Ban In Goa Latest News, Videos & Pictures on Mining Ban In Goa and see latest updates, news, information from NDTV.COM. The stock rose 9.57 per cent while Infosys Ltd provisionally ended 1 per cent higher. Watch videos, top stories and articles on Sesa Goa at moneycontrol.com. REUTERS - India's biggest private iron ore exporter Sesa Goa expects some positive news on removal of iron ore mining restriction in Goa … Shares in Sesa Goa fell sharply after Goa govt suspended all mining activities. Published on Jul 18, 2020. 2 min read. The Supreme Court is expected to rule on lifting an 18-month old mining ban in Goa soon, after which operations may resume in September, following the monsoon, an official of Sesa Sterlite said today. Sesa Sterlite reports Rs 1,868-crore net profit in Q3. Karnataka mining ban hits Sesa Goa; output to fall by 5MT Due to the mining ban in Karnataka, Sesa Goa is expected to lose production of 4-5 million tonne this … Sesa Goa News Monitoring. Vedanta group firm Sesa Sterlite (formerly Sesa Goa) on Monday resumed iron ore mining in Karnataka after a gap of more than two years after securing the final nod from a Supreme Court appointed monitoring panel to restart operations. That makes 209 crore shares in Sesa available for trade as of Friday after the merger between Vedanta Resources Plc companies Sterlite and Sesa Goa. The Supreme Court is expected to rule on lifting an 18-month old mining ban in Goa soon, after which operations may resume in September, following the monsoon, a Sesa Sterlite official said on Friday. They started producing iron ore which was exported from the port towns of Haldia and Paradip. Sesa Goa announces resumption of mining operations. Sesa Goa surged a day ahead of its inclusion in the Sensex. Sesa Goa, a subsidiary of Vedanta Monday announced resumption of its mining operations in the state, after a gap of three years. India's biggest private iron ore exporter Sesa Goa expects some positive news on removal of iron ore mining restriction in Goa by end of next month, its Managing Director PK Mukherjee said on Monday. Find Sesa Latest News, Videos & Pictures on Sesa and see latest updates, news, information from NDTV.COM. Sesa Sterlite executive director Mukherjee quits: report. Get all latest & breaking news on Sesa Goa. Explore more on Sesa Goa. With the Goa mines ministry set to renew mining leases of another 14 mines by end of next week, Sesa Sterlite, the Vedanta Group company, can expect to restart its iron ore operations soon. Sesa Goa seeks mines in foreign lands: Navhindtimes.com, Goa navhindtimes.com is the official website for the Navhind Times newspaper, Goa's oldest serving English daily for local news, sports, views and features. India Inc seems to have regained its appetite for mergers and acquisitions. Raman Kirpal September 29, 2011 12:18:06 IST. May 16, 2013, 18:50 PM IST The Navhind Times Online, delivers the latest news from Goa, India right to your desktop, everyday. Sesa Goa also has other mining sites in villages such as Pissurlem in Sattari and Advalpal in Assonora. Sesa Goa Iron Ore operations in India are in Goa and Karnataka. Sesa Goa is the largest iron ore producer and exporter of Goa. Sesa Sterlite expects Goa mining ban to be lifted soon 05 Apr, 2014, 04.43 AM IST The Supreme Court is expected to rule on lifting an 18-month old mining ban in Goa soon, after which operations may resume in September, following the monsoon, an official of Sesa Sterlite said today. Sesa Goa Iron Ore, a Vedanta group firm, works through a comprehensive sustainability mechanism that helps in maximising the social and environmental benefits of mining and creating maximum value for various stakeholders, a senior company official said on Tuesday. 1 TV Channel of Goa. 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 Thursday. Get the latest Sesa goa news, videos and headlines. MUMBAI: Vedanta Sesa Goa, Vedanta's iron ore producing company has extended the shutdown of its operations for 3 more days following orders from the Government of Goa, the company said. Sesa Sterlite's executive director (iron ore business), Prasun Kumar Mukherjee, has quit the company, making the first high profile exit from the Vedanta group since its restructuring in August last year. Explore more on Sesa Sterlite Ltd. Reuters reported Thursday that iron mining in Goa may resume in two months after the environment ministry lifted a ban that's been in place since 2012. In the 464-page report on illegal mining, Karnataka's Lokayukta N Santosh Hegde has mentioned Sesa Goa among the companies which exported iron ore from Krishnapatnam port after the state government had a ban on its transportation. Sesa Goa Iron Ore 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 and a project site in Liberia, West Africa. This website follows the DNPA Code of Ethics, Make sure all words are spelled correctly. Founded in 1954, it has about six decades of expertise in the exploration, mining and processing of iron ore. Sesa Goa has been issued orders for temporary suspension of mining operations of all the mining leases in Goa State, with effect from September 11, 2012, until further orders. The striking truck owners of mining have agreed to come down on their demand of transportation rate, provided the Sesa mining company agrees to hike the rate they are offering today. Chief Minister Laxmikant Parsekar formally launched the mining operations at Sesa Goa's Codli mines, 100 kms away from here. Explore more for Sesa goa breaking news, ... Mining in Goa to be unviable even if mining restarts: Sesa Goa. During 1991-1995, it diversified into the manufacture of pig iron and metallurgical coke. Find Sesa Sterlite Ltd Latest News, Videos & Pictures on Sesa Sterlite Ltd and see latest updates, news, information from NDTV.COM. Watch videos, top stories and articles on Sesa Goa at moneycontrol.com. Moody's said Vedanta has taken steps to improve its credit profile, simplifying its group structure through the formation of Sesa Sterlite - the result of a merger between Sesa Goa and Sterlite Industries - and through its more proactive approach to refinancing debt. 'Love jihad' ordinance cleared by UP cabinet. The recent SC verdict of February 7 , 2018 has brought entire mining industry in Goa to a halt .Vedanta Sesa Goa Iron Ore is hopeful of quick resolution for resumption of mining. While Sesa had resumed work at its Codli mining site earlier, on Monday it opened its Bicholim mining lease, both of which are the largest mining leases in the state. Sesa Goa said on Saturday its merger with Sterlite Industries and the group's various Indian arms to create a single unit has become effective. Sesa Goa to resume mining in Karnataka by June. Explore more on Sesa. Find Goa Mining Ban news headlines, photos, videos, comments, ... Sesa drops as Goa suspends mining. Sesa Sterlite had 10 mining leases in Goa and one in Karnataka. PANAJI: The high court of Bombay at Goa on Thursday, in an interim order, restrained Sesa Goa from carrying on mining activities at phase 1 and phase 2 of its iron ore mine at Advalpal in Assonora. The company was founded in 1954, as Scambi Economici SA Goa. Mining in Goa was banned by the Supreme Court … Sesa Goa, which has produced 18.8 million tonnes of iron ore in the last fiscal, had said earlier that ban on mining in Chitradurga would affect its gross revenues by up to 15 per cent. 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Panaji: Sesa Goa, a subsidiary of Vedanta Monday announced resumption of its mining operations in the state, after a gap of three years. 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 Thursday. Find Sesa Goa Latest News, Videos & Pictures on Sesa Goa and see latest updates, news, information from NDTV.COM. Sesa Goa defers 10-25% of salaries from Jan due to mining ban. Explore more on Mining Ban In Goa. Sesa Goa gains 14 per cent on Sensex inclusion. September 11, 2012 12:54 pm. "We should give renewal for the balance 14 iron ore mines by Mining in Bellary region had already been banned by the court on July 29. The ordinance provides for a jail term of 1-5 years with Rs 15,000 penalty for forceful religious … Of these, seven belonging to the Vedanta group have been cleared by the Goa bench of the Bombay High Court for renewal. Vedanta Sesa Goa Blogs, Comments and Archive News on Economictimes.com . Sesa Sterlite gains; Moody's upgrades Vedanta. Sesa Goa: Vedanta's open offer to Cairn likely to strain balance sheet 07 Apr, 2011, 12.36 AM IST Given its latest reported cash and debt on books, Sesa Goa will have to look for alternative funding to finance the open offer, which is not related to its core activities. Get all latest & breaking news on Sesa Goa. Get all the latest news and updates on Sesa Goa only on News18.com. Bicholim: Agitated members of the Sesa Goa Mining Corporation Employees’ Union on Friday prevented officials of Vedanta Limited from restarting mining activities. Updated: Nov 24, 2020, 09.00 PM IST. Suspension of mining in Chitradurga will also affect company's expansion plans in Karnataka. Sesa Sterlite expects Goa mining ban to be lifted soon 05 Apr, 2014, 04.43 AM IST. Chief Minister Laxmikant Parsekar partially succeeded in getting the truck owners to reduce their demand, but did not succeed in getting them agree to the rates offered by the Sesa company. The annual capacity of Sesa Goa Iron Ore Business is 5.5 MT per annum. Goa Mining Ban Latest breaking news, pictures, photos and Video News. While Sesa had resumed work at its Codli Sesa Sterlite Says Supreme Court Ruling Not Related to Company. In 1999, Sesa Goa started mining operations in Barbil, which has the fifth largest deposit of iron ore and manganese in the world. In an interview with CNBC TV 18 , PK Mukherjee, the managing director of Sesa Goa said, "Because of the ban in Karnataka, we are seeing FY12 production target fall short by almost 4-5 million tonne." Vedanta Group firm Sesa Goa today said it will stop mining in Karnataka s Chitradurga with immediate effect,following the Supreme Court s order banning mining in Chitradurga and Tumkur districts. 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