Vedanta Resources mulls options for iron ore workers after shutdown

Vedanta said in late March it was likely to record an impairment charge of up to $600 million following the closure of the iron ore business

Vedanta Resources is considering options including lay-offs for some of the 2,000 employees of its iron ore business in southwest India that was shut down by a court, two sources said, as it struggles with a series of setbacks in the country.

The Supreme Court in February cancelled all iron ore extraction permits in Goa and ordered mining to cease from March 16 on environmental and other concerns.

The state is known for its low-quality iron ore exported to countries such as China.

London-listed Vedanta, controlled by Indian billionaire Anil Agarwal, has come under increased scrutiny in the country since