Sesa Goa expects the mining ban in Karnataka to
be lifted by December, enabling the Vedanta group firm to resume normal
production in the state from early 2012.
In an investor conference call, the top company management said the case on
illegal mining, pending before the Supreme Court, is likely to be resolved
in the next two months.
“Inspection of our mine (by apex court nominated agency) is over. Hopefully,
by this quarter, it (the case) will come to a conclusion and by next quarter,
we can have normal production and sales from the state,” Sesa Goa Managing
Director P K Mukherjee said.
Before the mining ban, the company had an inventory of
8,00,000 tonnes of iron ore in its mine from Karnataka. Of this, 2,92,000
tonnes were sold through e-auction, which is being monitored by an apex court
appointed panel.
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