Sesa Goa said on Tuesday it will stop mining operations at Thakurani mine in Orissa from Dec. 1 as it was unable to renew the mining contract on viable commercial terms on a long-term basis.
Sesa Goa started operating the Thakurani mine in 1999 under a 10-year contract that expired in June 2009. Since then, it has been operating the mine on short-term renewals, it said in a statement.
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