Vedanta to export over 5.5 MT iron ore from Goa this year

Vedanta has resumed iron ore mining operations in Goa following a three-year gap.

Vedanta reportedly expects its iron ore exports from Goa in FY16 to be much higher than its permitted mining capacity of 5.5 million tonnes (MT), citing bids for government-run auctions.

Vedanta has resumed iron ore mining operations in Goa following a three-year gap.

The Supreme Court banned mining in Goa in 2012. The apex court lifted the ban in April last year and capped output at 20 MT a year.

Vedanta, a unit of Vedanta Resources, is reportedly in the process of shipping 88,000 tonnes of iron ore to China.

Vedanta bought the iron ore being shipped to China in state auctions in the past month and hopes to purchase more, a company spokesperson has been quoted as saying.

Goa still has about 5 MT of already-mined iron ore to be sold in auctions, according to reports.