Vedanta has suspended mining operations at its Bicholim iron ore mine situated in Goa, quoting "safety and security" reasons in the wake of rising labour unrest. The suspension commenced on October 13 at the Bicholim mine, based at village Amona in Bicholim Taluka of north Goa.
As per Vedanta, the management of Sesa Mining Corporation via this publication would hereby like to inform that union representatives along with their workmen have been actively involved in illegal and unjustified acts. Sesa Mining Corporation, a wing of Vedanta, functions in the Bicholim mine, which has approximately 462 direct and 190 indirect employees.
Thus in the compelling circumstances, the company has sadly decided in the interest of safety and security of all its employees, to suspend the operations/ work at SMCL Bicholim mine with effect from October 13, 2016.
Currently, workmen are ceasing from work themselves and also not permitting any employees, contractors and their laborers to discharge any work at the Bicholim mines. Because of the systematic and deliberate action initiated by workmen, it is beyond the control of the management to extend operations at Bicholim mine in the ongoing circumstances.
Goa supplies low grade iron ore (Fe content below 58 per cent), which is exported to China. Post removal of the mining ban by the Supreme Court in 2014, the state is allowed to mine 20 million tonnes, with the highest share of 5.5 million tonnes going to the firm led by billionaire Anil Agrawal.
Employees interested to work have been forcibly evicted and threatened not to report for duty. They have also been doing illegal things with mala fide intention by gathering in front of the company gate and preventing any one from entering inside the company premises.
Workmen are not doing their duty in their specified shift and there is continuous breach of current settlement and agreed service conditions. The workmen and the union collectively through their illegal and unjustified acts prevented the company to continue mining operations, it added.
Hence, all the operations at the mines have come to a standstill. All such unjustified acts of the union representatives along with their workmen are in violation of the law.
The current situation is a clear indication that workers would continue to resort to illegal and unjustified activities in further time also, it said.As of now, Vedanta share price settled below 0.31 per cent at Rs. 195.40. Vedanta is analyzed by Dynamic Levels as the top 500 performing stocks for the June quarter among the 1700 stocks which are listed on the NSE.
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