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09 Mar
14:43

Vedanta revises down Goa iron ore shipment forecast

Vedanta Resources has revised down its forecast for iron ore shipments from Goa in the fiscal year through March 2016 to 3.5 million tonnes from 5mt, Kallanish learns from the firm. This is due to a slower-than-expected ramp up of production at its Goa mines owing to transport being hampered by a dispute with local unions. In the quarter through December 2015 Vedanta iron ore sales at Karnataka surged to 900,000t from 100,000t in the year-earlier quarter, while …
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