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Sesa Goa acquires Dempo Mining

WeeksUpdate     12:25 PM  

In the second-largest acquisition in the history of India's iron ore industry, Sesa Goa, a subsidiary of London-listed Vedanta Resources, has acquired Goa-based Dempo group’s mining and maritime businesses for Rs 1,750 crore in an all-cash deal
reports Business Standard.

Mining leases, mining rights, and related infrastructure in Goa is included in the deal.

With the aquisition Sesa Goa can access Dempo’s 70 million ton of iron ore mineable resources in Goa.

India is the third biggest supplier of iron ore in the wordl producing more than 200 million tonne of iron ore annually.

NMDC, a government entreprise is the number one firm in India's mining industry.

WeeksUpdate


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