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FM asked to facilitate mining in Goa

Sesa Goa, in a letter to Finance Minister P Chidambaram, requested the latter to facilitate early resumption of iron ore mining in Goa. PK Mukherjee, Managing Director of Sesa Goa said in the letter that that one-third of Goa's population is dependent on mining. He further said the state government and the industry have already initiated several steps to stre

Court nod to Vedanta for merger of Sesa Goa, Sterlite

Vedanta Resources Plc moved a step closer to merging two of its Indian subsidiaries after the Madras High Court in India approved the company's plan to simplify its group structure. The mining conglomerate had said early last year that it planned to overhaul its web of subsidiaries, creating an umbrella unit that will group most of its assets.

Sesa Goa awaits green nod to restart mining

Sesa Goa is awaiting the clearance of the union environment ministry to resume operations in its iron ore mine in Karnataka. Recently, the forest advisory committee (FAC) of the environment ministry recommended conditional clearance for the mining operation by the firm. In its recommendation, the panel opined that the company should be mandated to comply with all cond

Aluminium is the fastest growing nonferrous metal

According to an industry research, aluminium is the fastest growing nonferrous metal and its production volume is next only to steel in India. By 2017, the demand and consumption of aluminium may rise to about 3 million tonne from nearly 1.71 million tonne now. By 2030, aluminium consumption growth will be driven by China and India, repo

Steel makers to benefit

The Supreme Court order lifting the mining ban on mining in Karnataka?s category-B mines may benefit some steel companies in 2014-15, India Ratings said. The rating gency said the positive impact of mining in Karnataka will be reflected in JSW Steel, Kalyani Steel and Sesa Goa financial in 2014-15.

Vedanta expects Sesa Goa to restart mining

By June 2013, Vendanta Resources expects its subsidiary Sesa Goa to resume mining in Karnataka and the firm is said is in the process of securing necessary clearances. This information was shared by MS Mehta, CEO of Vedanta in a conference call, while announcing the annual results of the company. Pointing out that Sesa Goa does not plan to export the raw material from the state, Mehta said there is a "sign

Sesa Goa confident of early nod for mining

Following the lifting of ban on mining in some areas in Karnataka by the Supreme Court, Sesa Goa hopes to secure forest clearance for its mine in Chitradurga district in some days. PK Mukherjee, Managing Director of the Vedanta group firm expressed hope that the company would secure the (forest) clearance in matter of days considering the ir

25 Years of Nation-Building

Gmmco was formed in 1967 when the GP-CK Birla Group took over Blackwood Hodge Equipment, who were distributors for the Terex range of products.

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