Last week Rs. 35,000 crore scam was expossed in Goa's iron ore mines. After this "discovery" GOVT of GOA ordered shutdown of all 90 iron ore mines in the state.
This ban resulted in sharp decline of mining stocks specially SESA GOA and STERLITE.Sterlite shares fell 4.4 per cent to Rs 93.95. SESA GOA shares fell 5.81 per cent on Tuesday, closing at Rs 159.80 a share on the BSE
Chief minister Manohar Parrikar is not in a mood to let the companies continue digging in,according to him mines would not be allowed to operate, if these were found to be carrying out work without necessary permissions
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