Sesa Goa Limited is India's largest producer and exporter of iron ore in the private sector. For more than five decades, Sesa is engaged in the business of exploration, mining and processing of iron ore.
In fiscal 2011, it produced 18.8 million tonnes and 18.1 million tonnes (DMT) respectively of iron ore. In the same year, its turnover was above US$ 2 billion.
Sesa is among the low-cost producers of iron ore in the World and is well placed to serve the growing demand of Asian countries. Sesa's iron ore markets/customers are primarily in China, India, Japan, Korea, Europe and other Asian countries.
Sesa has mining operations in Goa and Karnataka in India. While iron ore from its Goa mines is shipped through the Mormugoa port, the ore from Karnataka mines is exported through the ports of Goa, Mangalore and Krishnapatnam.
As of 31 March 2011, Sesa owns or has rights to reserves and resources of 306 million tonnes of iron ore; which has been independently reviewed and certified as per Joint Ore Reserves Committee (JORC) stanards.
In August 2011, Sesa acquired 51% stake in Western Cluster Limited, Liberia ('WCL"). WCL, which has mining interests / rights in the Western Cluster iron ore project in Liberia with a potential reserves and resources of over 1 billion tonnes.
Over the last two decades, Sesa has diversified into manufacturing of pig iron and metllurgical coke. In Goa, Sesa operates a metallurgical coke plant with an installed capacity of 280,000 tpa; and a pig iron plant with an installe capacity of 250,000 tpa and an environmental clearance of 292,000 mtpa of pig iron and 60,000 tpa of slag. Sesa has also developed and provides proprietary technology in metallurgical coke production and has entered into technology licensing agreements with different licenses for marketing technology for setting up non-recovery coke oven plants across the globe.
In August 2011, Sesa acquired 51% stake in Western Cluster Limited, Liberia ("WCL") from Elenilto Mineral & Mining ("Elenilto"). WCL which has mining interests / rights in the Western Cluster iron ore project in Liberia with a potential reserves and resources of over 1 billion tonnes.
During FY 2011, Sesa also acquired the assets of the upcoming steel plant of Bellary Steel & Alloys Limited ('BSAL'), which was in the process of putting up a 0.5 mtpa steel plant at Bellary, Karnataka.
WCL will develop the Western Cluster iron ore project in Liberia, including the development of iron ore deposits, neccesary transportation and shipping infrastructure for export of iron ore.
WCL has attractive mining assets having long mine-life with access to potential iron ore reserves and resources of over 1 billion tonnes (approximately 330 million tonnes of saleable product) and close proximity to existing port infrastructure and access to land for railway corridor.