Sesa Goa Announced FY 2013 Unaudited Consolidated Production Release
OREANDA-NEWS. Sesa Goa Limited ("SGL" or the "Company") hereby announces its unaudited consolidated production release for the fourth quarter ("Q4") and full year ended ("FY 2013") 31 March 2013.
Iron ore operations continue to be affected by suspension of mining in Goa and Karnataka. At Karnataka, the matter for reopening of Category A and B mines has been heard by the Honourable Supreme Court, and the order has been reserved and is expected to be announced soon. Earlier a few Category A mines had been allowed to resume operations by the Court.
Regarding the suspension of mining in Goa, the Honourable Supreme Court is expected to fix the dates for initial hearings. In the meantime, the State Government and major miners including Sesa Goa, have filed their responses to the Central Empowered Committee report. Separately, we have filed an application to the Court seeking a stay on the suspension of mining and restrictions on ore transportation.
In Q4, production of pig iron and metallurgical coke were 75% and 48% higher at 104,000 tonnes and 94,000 tonnes, respectively, due to the new capacities commissioned in Q2 FY2013.
At our Liberia iron ore project, exploration activities are progressing well, and we remain on track to deliver the first shipment by end FY2014.
Unaudited Consolidated Production & Sales Summary
Q4 |
Q3 |
Full Year | |||||
Particulars (in million dry metric tonnes, or as stated) |
FY2013 |
FY2012 |
% change YoY |
FY2013 |
FY2013 |
FY2012 |
% change YoY |
IRON ORE |
|||||||
Sales |
0.0 |
5.2 |
(100%) |
0.0 |
3.1 |
16.0 |
(80%) |
Goa |
0.0 |
4.9 |
(100%) |
0.0 |
3.0 |
13.3 |
(77%) |
Karnataka |
0.0 |
0.2 |
(94%) |
0.0 |
0.1 |
2.7 |
(96%) |
Production of Saleable Ore |
0.0 |
4.9 |
(100%) |
0.0 |
3.7 |
13.8 |
(73%) |
Goa |
0.0 |
4.9 |
(100%) |
0.0 |
3.7 |
12.7 |
(71%) |
Karnataka |
0.0 |
0.0 |
- |
0.0 |
0.0 |
1.0 |
(100%) |
Production ('000 tonnes) |
|||||||
Pig Iron |
104 |
59 |
75% |
83 |
308 |
249 |
24% |
Met Coke |
94 |
64 |
48% |
91 |
331 |
257 |
29% |
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