Sesa Goa Limited (now Sesa Sterlite Limited) received permission from
the Honorable Supreme Court appointed Monitoring Committee to resume the
mining activities at its Karnataka mine. Accordingly, the Company has
commenced its mining operations today, in accordance with stipulated
conditions.
The Honorable Supreme Court of India had earlier given the clearance for
resumption of mining operations for A and B category mines in Karnataka,
vide its order dated 18 April 2013.
About Sesa Sterlite Limited
Sesa Sterlite Limited (“Sesa Sterlite”) is one of the world’s largest
diversified natural resource companies. Our business primarily involves
exploring, extracting and processing minerals and oil & gas. We produce
oil & gas, zinc, lead, silver, copper, iron ore, aluminium and
commercial power and have a presence across India, South Africa,
Namibia, Ireland, Australia, Liberia and Sri Lanka. Sesa Sterlite has a
strong position in emerging markets with over 80% of its revenues from
India, China, East Asia, Africa and the Middle East.
Sustainability is at the core of Sesa Sterlite’s strategy, with a strong
focus on health, safety and environment and on enhancing the lives of
local communities.
Sesa Sterlite is a subsidiary of Vedanta Resources Plc, a London listed
company. Sesa Sterlite is listed on the Bombay Stock Exchange and the
National Stock Exchange in India and has ADRs listed on the New York
Stock Exchange.
Registered Address: Sesa Sterlite Limited, Sesa Ghor, 20 EDC
Complex, Patto, Panjim, Goa - India - 403 001
Disclaimer
This press release contains “forward-looking statements” – that is,
statements related to future, not past, events. In this context,
forward-looking statements often address our expected future business
and financial performance, and often contain words such as “expects,”
“anticipates,” “intends,” “plans,” “believes,” “seeks,” “should” or
“will.” Forward–looking statements by their nature address matters that
are, to different degrees, uncertain. For us, uncertainties arise from
the behaviour of financial and metals markets including the London Metal
Exchange, fluctuations in interest and or exchange rates and metal
prices; from future integration of acquired businesses; and from
numerous other matters of national, regional and global scale, including
those of a political, economic, business, competitive or regulatory
nature. These uncertainties may cause our actual future results to be
materially different that those expressed in our forward-looking
statements. We do not undertake to update our forward-looking statements.
Copyright Business Wire 2013