Sesa Goa Ceases Mining Operations in Thakurani Mine
Sesa Goa has closed down the Thakurani mine in Orissa, India, because it could not renew mining contracts on viable commercial terms on a long-term basis. The third-party mining contract expired on 30 November. The mine started in 1999 under a ten-year contract and after its expi
Sesa Goa has closed down the Thakurani mine in Orissa, India, because it could not renew mining contracts on viable commercial terms on a long-term basis.
The third-party mining contract expired on 30 November.
The mine started in 1999 under a ten-year contract and after its expiry in June 2009, the company began operating it on short-term renewals.
Thakurani mine is one of the oldest operating mines in the company's portfolio and has produced over two million tons of iron ore in the financial year 2010.