trending Market Intelligence /marketintelligence/en/news-insights/trending/5wgsjy5m4qlje3uuoxps1a2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Vedanta Resources flags up to US$600M impairment on Goa unit shutdown

Essential Metals & Mining Insights - August 2020

State of the Market: Mining Q2-2020

Report Outlooks of Lithium and Cobalt

Essential Metals & Mining Insights July 2020

Vedanta Resources flags up to US$600M impairment on Goa unit shutdown

Vedanta Resources Plc said March 29 that it expects to book a noncash impairment of between US$500 million and US$600 million stemming from the closure of the group's iron ore unit in India's Goa state.

In early February, the Supreme Court of India ordered the suspension of all mining operations in Goa, effective March 16.

The charge is mainly related to mining reserves and would be reflected in the company's fiscal 2018 results. Vedanta, however, noted that the closure of its iron ore business in the state would not have any material impact on the company's profitability.

The company produced 800,000 dry tonnes of salable iron ore from its Goa operations in the third quarter of fiscal 2018 and is the state's top iron ore miner.