ET reported that Vedanta Resources subsidiary Sesa Goa may start sending iron ore consignments from its newly acquired company at Liberia by 2014.

Mr PK Mukherjee MD of Sesa Goa on a conference call said that "Before the end of the current fiscal, we will be able to prepare the feasibility report and then if everything goes well, we will be able to start consignment from FY14.”

Mr Mukherjee said that Sesa Goa expects to start with around 5 million tonnes an year production, which could be ramped up in the days to come. However, he did not give details of capital expenditure that would be required for the development of the projects, saying that would depend upon the outcome of the feasibility report.

Sesa Goa had on August 6 announced that it would buy 51% stake in Western Cluster Project in Liberia for USD 90 million in an all cash deal.

The acquisition, which is subject to ratification by the Liberia Legislature, would help Sesa Goa to become in the toppers' league in the iron ore arena.

(Sourced from ET)