Vedanta's iron ore sales fall due to lower production in Goa
Metals and mining conglomerate Vedanta Ltd saw its iron ore sales fall by 50% in FY19 due to lower production and sales volume in Goa. Vedanta achieved 3.8 million tonnes (mt) in iron ore sales in FY19, down 7.6 mt in the preceding fiscal. In Goa, where iron ore production and sales suffered on account of mines closure pursuant to a Supreme Court order, iron ore sales plummeted 77 per cent. “In Goa, production and sales volume were lower compared to previous periods due to mine closure pursuant to the Supreme court judgement dated February 7, 2018 directing mining operations of all companies in Goa to cease with effect from March 16, 2018. We continue to engage with the Government for a resumption of mining operations,” Vedanta Ltd said in a release.
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