Sesa Sterlite is largest company of non-ferrous metals and mining, based in Karnataka. It is just a step away from resuming its Iron ore operations in the state.
Sesa Sterlite is having its mining lease spread in 162 hectares and approval has been granted to extract 2.3 MnT pa of Iron ore which is 38 per cent of its original capacity. It is now waiting for final clearance from Supreme Court appointed panel in Karnataka. It has got approval for its R & R (reclamation and rehabilitation) at its mines in Chitradurga district.
Company’s mining lease was expired on 20 Oct, 2012. It had applied for 20 years renewal, a year prior to expiry, but it is still awaited. Although, based on first stage clearance from Central government, the Ministry of Environment and Forests (MoEF) has provided temporary work permit to resume operations.
Due to Supreme Court’s mining bans in Goa and Karnataka, all mining operations of Sesa Sterlite in India are presently kept on hold.
P K Mukherjee, Managing Director, Sesa Sterlite said that company has received MoEF approval on 22 Aug, 2013 as a temporary work permit and the final clearance is still awaited from monitoring committee. Company is ready to start mining anytime after the approval. Manpower and other required resources are in ready condition so that the operations can be resumed immediately.
Mukherjee also said that despite of paying all the taxes, it is required to be paid again as the department interpreted the tax matter in a different way. Company has already repaid taxes in order to avoid any further delays and the matter is settled now. It is expecting to start operations during the current quarter (Q3, FY14) and it will start under temporary work permit till final clearance from Supreme Court’s panel.
The MoEF also accorded in-principle approval after the forest advisory committee constituted by the Central Government, examined the proposal of the Karnataka government, which had sought prior approval under Section 3 of the Forest (Conservation) Act, 1980.