Sesa Goa sees FY10 iron ore output 22.75 mln T-MD
MUMBAI, June 12 (Reuters) - Indian miner Sesa Goa (SESA.BO) hopes to raise iron ore output by more than half to 22.75 million tonnes in 2009/10, helped in part by the acquisition of assets from a small rival, its managing director said on Friday.
"Last year, we had a production of 15 million tonnes. This year, we are likely to have volume growth of 25 percent. Plus, you could add 4 million tonnes (from the acquisition)," P.K. Mukherjee told Reuters over the telephone.
Sesa, a subsidiary of London listed metal and mining group Vedanta Resources (VED.L), said late on Thursday it acquired the mining assets of Dempo Group in the western state of Goa for 17.5 billion rupees ($368 million) to boost its output of iron ore. [ID:nBOM345267] (Reporting by Ruchira Singh; Editing by Ranjit Gangadharan)










