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Gold/Mining/Energy : Mining News of Note

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To: LoneClone who wrote (12995)1/15/2008 3:29:31 PM
From: LoneClone  Read Replies (1) of 193686
 
Vedanta to up Sesa Goa's iron ore production capacity
15 Jan, 2008, 1522 hrs IST, PTI

economictimes.indiatimes.com

MUMBAI: Vedanta Resources on Tuesday said it will ramp up Sesa Goa's iron ore production capacity to 20-25 million tonnes per annum from the current capacity of 12.2 million tonnes per annum.

Vedanta had recently acquired a majority stake in Sesa Goa.

The ramping up of the production will be done over a period of three years, a senior company official said at a function here.

The company also intends to ramp up the pig iron production capacity to 1-million tonnes per annum from the present 2,92,000 tonnes per annum.

Metallurgical coke production of Sesa Goa will also be increased to 7,50,000 tonnes per annum from the present 3,22,000 tonnes per annum.

The production increases will be achieved through de-bottlenecking, the official said adding the capex in all over the next three years for this purpose will be Rs 3,000 crore.
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