Sesa Goa certified stringent standards of Social Accountability 8000

Vedanta Ltd. | Metal - Non Ferrous | Metals & Mining | BSE: 500295 | NSE: VEDL

15 Dec 2011 Evaluate

Sesa Goa, a part of the Vedanta Resources Group and India's largest private sector iron ore mining company on a stand-alone basis has been certified to the stringent standards of Social Accountability 8000. This is a unique achievement as this is the first time that an iron ore company has been given the certification internationally.

Bureau Veritas, the international certifying agency for the Social Accountability 8000 Standard, has certified the four major divisions of Sesa Goa - the Iron Ore division, Pig Iron division, Met-Coke division and Ship Building division.

The certifications, issued on November 23, 2011 for a period of three years, have been given for complying with the best management practices in the work place, especially in the areas of understanding of global issues and social impact in the workplace. The parameters of the Standard include practices regarding child labour and the young worker, forced labour, health & safety, discrimination, remuneration, working hours etc.

Sesa Goa is in the business of iron ore mining (accounts for 85 percent of revenues), and manufacture of pig iron (9 percent) and metallurgical coke (6 percent).