Sesa Goa Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 28, 2008, to transact the following: 1. To consider the adoption of the Annual Accounts for the year ended March 31, 2008, recommendation of Final Dividend, Book Closure Date and fixing date of Annual General Meeting besides the other agenda items. 2. For taking on record Unaudited Financial Results for the Quarter and Audited Financial Results for the Year ended March 31, 2008.
SESA GOA LIMITED - IRON ORE DIVISION
Sesa Goa Limited was established in 1954. Currently, the company exports approximately 5 million tons of iron ore, fines and lumps to customers in Japan, China and Europe from ports on both the east and west coasts of India. Besides our mining activities in Goa, we have mining operations in Karnataka and Orissa. Ore from Karnataka is exported through the ports at Goa and Chennai while ore from Orissa is exported through the ports of Haldia and Paradeep.
GOA OPERATIONS
The exports of ore from Goa are approximately 4 million tons of which about 3.2 million tons are fines and 0.8 million tons are lumps. Shipping of fines is restricted to the fair season between September and May while lumps are shipped throughout the year.
Goa's main port is the Mormugao port which has special mechanized ore loading facilities at its Berth 9. The channel has a draft of 13 meters with no restriction in air draft. There is also a system of transhippers that can load or up-top vessels of deeper draft midstream. The load rate at Berth 9 is 45,000 tons/day and that of the transhippers ranges between 15,000 and 25,000 tons/day.
Ford says it earned $100 million in the first quarter as strong results from Europe and South America helped offset the impact of a slumping U.S. economy that cut car and truck sales in its main marker yesterday Apple comp surged 51% in profit and oil sages now keep eye on brokerage houses Dow kisses again 12900 and Stocks turned higher Thursday as investors focused on a drop in weekly unemployment claims.
The dollar rose against other major currencies, helping to lower commodities prices and lending support to a notion that the economy could be on the mend. The Labor Department's report that claims for unemployment benefits declined by 33,000 last week to 342,000 came as a surprise after economists predicted claims would rise by 3,000.
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