Asset report

Bicholim Surla iron ore mine

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Report summary

Bicholim Surla is a complex comprising of two small surface mines, Bicholim and Surla, and is approximately 1,600 kilometres south of New Delhi in the Indian state of Goa. The mine is owned and operated by Vedanta Limited. The mine re-commenced operations in late 2015 following a 2 year ban on mining in the state of Goa. Vedanta was allocated a 5.5 Mtpa production cap but produced more than this in 2016 and 2017. In February 2018, it was announced that the licences and permits awarded in 2015 were deemed invalid by the Supreme Court and that mining must cease by 16 March 2018. Given the mining ban, and the marginal nature of Vedanta's Goan mines, we have assumed that the mines will cease production, indefinitely, from this year.

What's included

This report contains

  • Document

    Bicholim Surla iron ore mine

    PDF 4.56 MB

  • Document


    XLS 206.50 KB

Table of contents

  • Key facts
    • Summary
    • Key issues
  • Location maps
  • Participation
  • Geology
  • Reserves and resources
    • Production
  • Operations
  • Infrastructure
  • Costs
  • Sales contracts
  • Economic assumptions

Tables and charts

This report includes 13 images and tables including:


  • Detail map
  • Cash costs
  • Production


  • Key facts: Table 1
  • Participation
  • Marketable reserves (at 01/01/18)
  • Operations
  • Infrastructure
  • Cash costs
  • Costs: Table 2
  • Product quality
  • Economic assumptions
  • Production: Table 1

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