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Vedanta likely to stop mining in Goa on account of transport disputes

Vedanta, the mining conglomerate said that its arm Sesa Goa may suspend iron ore mining in Goa on account of the ongoing dispute between the firm and truck operators.

The firm said in a statement that “A section of truck owners’ association is demanding a rate of Rs 17.63 per km while the mining firms, already reeling under the impact of a meltdown in iron ore prices and plethora of taxes, have offered to pay Rs 8 per km”.

The statement further added that if the mining is suspended, this is going to be a huge set back to the mining operations in the state that had resumed only in August this year after Supreme Court lifted its 2012 ban.

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