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Vedanta mulls options for Indian iron ore workers after shutdown: sources

Reuters  |  NEW DELHI 

By Krishna N. DasNEW DELHI (Reuters) - 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 the southwestern state of 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 ...

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First Published: Thu, June 14 2018. 17:34 IST
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