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Web Exclusive | July 2013

FM asked to facilitate mining in Goa

Sesa Goa, in a letter to Finance Minister P Chidambaram, requested the latter to facilitate early resumption of iron ore mining in Goa.

PK Mukherjee, Managing Director of Sesa Goa said in the letter that that one-third of Goa's population is dependent on mining.

He further said the state government and the industry have already initiated several steps to strengthen the compliance mechanism for ensuring legal mining in the state.

Mukherjee requested Chidambaram's support in all spheres of central government, so that the matter gets quickly resolved in Supreme Court and thereafter all ministries like Mines Ministry, MoEF (Ministry of Environment and Forests) and the state government can take necessary action.

Mukherjee said Goan mining industry lost its traditional markets like China, Japan and South Korea to competitors from other parts of the world owing to the ban.

He said resumption of mining in Goa is a "win-win situation for all concerned" and would help restore investor confidence.

He further said over 11 million tonne of iron ore are lying stock-piled and pose severe environmental threat.

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