<p>Vedanta Resources, a London-based mining conglomerate that has most of its assets in India, said it had resumed mining iron ore in Karnataka on Monday following clearance from a court-appointed panel.<br /><br /></p>.<p>London-listed Vedanta's shares rose as much as 2.8 per cent after the miner said its Sesa Sterlite unit had been given the go-ahead by a committee appointed by the Supreme Court to restart operations at its mines in Karnataka, under certain conditions.<br /><br />Vedanta, controlled by metals tycoon Anil Agarwal, has been hurt by the ban on iron ore mining in Karnataka and Goa over the last few quarters.<br /><br />India was the world's third-largest exporter of iron ore, shipping out ore worth more than $7 billion per year before the mining restrictions slashed the country's output and exports.<br /><br />Iron ore production in Karnataka is expected to rise to 22.18 million tonnes in the year ending March 2015, according to a state government petition with the country's top court seeking to relax an annual mining cap of 30 million tonnes.</p>
<p>Vedanta Resources, a London-based mining conglomerate that has most of its assets in India, said it had resumed mining iron ore in Karnataka on Monday following clearance from a court-appointed panel.<br /><br /></p>.<p>London-listed Vedanta's shares rose as much as 2.8 per cent after the miner said its Sesa Sterlite unit had been given the go-ahead by a committee appointed by the Supreme Court to restart operations at its mines in Karnataka, under certain conditions.<br /><br />Vedanta, controlled by metals tycoon Anil Agarwal, has been hurt by the ban on iron ore mining in Karnataka and Goa over the last few quarters.<br /><br />India was the world's third-largest exporter of iron ore, shipping out ore worth more than $7 billion per year before the mining restrictions slashed the country's output and exports.<br /><br />Iron ore production in Karnataka is expected to rise to 22.18 million tonnes in the year ending March 2015, according to a state government petition with the country's top court seeking to relax an annual mining cap of 30 million tonnes.</p>