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India's Sesa Goa to Buy Liberian Iron Ore Mining Company

Sesa Goa, India's largest producer and exporter of iron ore in the private sector, is to acquire 51% stake in Western Cluster Ltd for a cash deal worth $90 million.

Sesa Goa is a subsidiary of Vedanta Resources which is a London stock exchange listed mining firm headed by Anil Agarwal. Western Cluster Ltd is a Liberian iron ore mining company which is a wholly owned subsidiary of Elenilto Minerals & Mining LLC.

Western Cluster Ltd is to develop the Western Cluster iron ore mining project which is spread over 270 sq km in the western part of Liberia. The property is said to have mining assets of potentially one billion tons of iron ore resources. The deposits are located close to the coast along Monrovia to Mano River.

Sesa Goa managing director PK Mukherjee said that they were highly delighted with this opportunity to consolidate their iron ore business. The Western Cluster Project presented an excellent opportunity for developing a large integrated mining operation and establishing their presence in Liberia and Africa.

Western Cluster has concessions to mine the Mano River Iron Ore Deposits, the Western portion of the Bomi Hills Iron Ore Deposits and the Bea Mountain Iron Ore Deposits. Delaware based Elenilto Minerals & Mining LLC. Elenito had won the rights to develop these iron ore resources under an agreement with the Liberian government in 2009.

Joel Scanlon

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Joel Scanlon

Joel relocated to Australia in 1995 from the United Kingdom and spent five years working in the mining industry as an exploration geotechnician. His role involved utilizing GIS mapping and CAD software. Upon transitioning to the North Coast of NSW, Australia, Joel embarked on a career as a graphic designer at a well-known consultancy firm. Subsequently, he established a successful web services business catering to companies across the eastern seaboard of Australia. It was during this time that he conceived and launched News-Medical.Net. Joel has been an integral part of AZoNetwork since its inception in 2000. Joel possesses a keen interest in exploring the boundaries of technology, comprehending its potential impact on society, and actively engaging with AI-driven solutions and advancements.

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