Vedanta resumes mining in Goa

Vedanta on Monday informed stock exchanges and confirmed that it has received the relevant consent, license and approvals to commence the iron-ore mining operations in the State of Goa for some of its leases.

“We can say that Acche Din has begun for the mining sector”.

Government will give all possible help for the mining sector. We faced the wrath of mining closure for last three years. The government has helped the people by a great deal by this venture.

The government will provide support for this as it is aware of problems faced by the mining dependents.

Parsekar said the state government has already announced that mining would resume in October this year. “This is a welcome step”, he said.

Nearly all other miners in Goa should get their licences to restart this fiscal year started April, said Prasanna Acharya, Goa’s director of mines and geology.

To this Laxmikant Parsekar added, “My appeal to mine owners is that they should start mining business from this year itself”.

The company has been granted approval for total extraction of 5.5 million metric tons of which Codli is 3.1 million metric tons, it said. “Three Chinese mills are coming to meet us”.

Chief executive officer of Sesa Iron Ore R. Kishor Kumar, who was present at the function, said: “Due to a fall in iron ore prices in worldwide market, doubts were raised whether mining will resume in Goa or not. If they still fail, I will order them to do so, if needed”, Parsekar said at a function organised by Vedanta Resources to mark resumption of the company’s mining operations at the Codli lease, around 50 km from Panaji.