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Economy | Mining

More to lose jobs at Vedanta in Goa?

PTI, NEW DELHI | 15 September 2015 21:23 IST

Mining conglomerate Vedanta has started a major cost cutting drive at its iron ore business in Goa amid subdued market sentiments and depressed prices of the commodity in global markets.

The firm led by NRI billionaire Anil Agarwal is expected to resume iron ore mining, after a gap of three years, at its Codli and Bicholim mines in the state next month.

It has been allowed to produce 5.5 million tonnes (MT) of the commodity.

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