Print
	Email
	Text size
	Comment

London-based metals and mining business Vedanta Resources Plc, through its subsidiary Sesa Goa, has acquired the Goan mining assets of Dempo Group for $368 million (£225 million).  

Dempo Group's mining assets include processing plants, barges, jetties, transhippers and loading capacities at the region's main port, Mormugoa. In the year ending March 2009, the company produced 3.9 million tons of iron ore in Goa.

Anil Agarwal, chairman of Vedanta, commented:  "The integration of Sesa and Dempo Group's Goa-based operations will achieve great synergies."
 
Vedanta reported revenues of $6.6 billion in the year ending March 2009, with operating profits of $1.1 billion.
 

Comments [0]