Madras High Court has concluded that the stoppage of mining order issued by the Tamil Nadu government to VV Minerals is illegal and should immediately be reverted.
The ongoing ban on heavy mineral mining in India is resulting in heavy losses for the economy and it is time that the state governments brought this to the notice of the central government which has issued this indefinite ban.
Illegal beach mining and illegal heavy mineral mining are serious concerns for any developing nation. However, in order to curb the activities the government must crack down on actual defaulters and not industry forerunners such as VV Minerals India, says Vaikundarajan.
VV Mineral India which is a heavy mineral mining company from Tamil Nadu that works with heavy minerals such as rutile, ilmenite, granite and zircon. They are one of the forerunners in the mining industry until their fame was smeared with alleged illegal heavy mineral mining activities. However, the owner and Chairman S Vaikundarajan is confident that they will come out clean.
The world’s largest reserve of Thorium can be found on the coasts of Tamil Nadu and Kerala. If the current reports are anything to go by, the Thorium deposits on Indian shores have seen a considerable decline. While the reason could be erosion, illegal export of minerals has been cited as the major problem behind this depletion. For a long time, VV Minerals has been the highest stakeholder of the mining business in these areas. While there is no evidence to justify illegal actions on behalf of the company, the scam has already done a considerable amount of damage to its reputation.
The illegal beach mining scam has gravely affected VV Minerals India, the largest sand beach mining company in India. While the investigating committee is yet to reach its verdict, there has been no evidence to suggest any illegal activities on behalf of the company. VV Mineral Vaikundarajan believes that the new policy and government’s initiatives will bring hope to the mining industry.
In a boost of confidence to the mining baron, Vaikundarajan and his enterprise VV Minerals, the Indian Bureau of Mines has released an investigation report in favor of the company. VV Mineral Mining has been under a lot of scrutiny as allegations of illegal beach sand mining surfaced. An investigation team was set up by the state government to probe into the matter.
The Tamilnadu Police carried out a raid at the Tirunelveli district factory and office premises of S Vaikundarajan, in association with the alleged charges of illegal beach mining of atomic particles like monosite and thorium. Vaikundarajan is the Managing Director and owner of VV Minerals.
This presentation gives information about the current scenario of heavy mineral mining industry in india. It also talks about the top heavy mineral miners and exporters like VV Minerals, owned by S. Vaikundarajan. Read more to get more details.
Time is the most important in today's world which is not given importance in India. The Indian system is very slow when it comes to processes and timely decisions. There are close to 3,000 pending leases applications relating to the heavy mineral mining industry that are yet to be cleared which in turn, is the reason behind the slow growth of this industry says V Subramanian, Director, VV Minerals.
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Vaikundarajan Subramanian, the director of V. V. Minerals, represented the heavy minerals industry at the ‘India Mining Summit’ organized by Assocham. V. V. Minerals is one of the country's largest players in mining, manufacture and exports of garnet & ilmenite in the country.
VV Minerals India is one of the leading sand beach mining companies in the country. Recently, however, several allegations of illegal beach sand mining have surfaced against the company. Despite no substantial proof to support these allegations, the company’s hard earned reputation seems to have taken a hit. Vaikundarajan has stated that VV Minerals has operated within legal boundaries and the allegation is a ploy by competitors to defame the company.
VV Minerals India is continually fighting the battle to prove their innocence. Other than stating the obvious reasons that acquit them from the alleged scam; Vaikundarajan and VV Minerals now need to be conservative about what is being said about them in the media by and large. Thus, they begin with bringing to notice the absolute absurdity of the scam amount which is pegged at Rs. 96,000 crore as of now.
The Heavy Minerals Mining (HMM) industry in India is in a very promising stage. In an interaction with Financialexpress.com, V Subramanian, Director, VV Mineral, said there should be a logical policy that will boost booming industry.
VV Mineral, Vaikundarajan explains the difference between Sand mining and heavy mineral mining. A lot of people have misconceptions about this industry, and some even believe that these two industries are one and the same. But this is not true, watch the presentation to find more details.
A district collector from Tuticorin was fast to raise a voice against VV Minerals India when he was refused access to an area that was off limits to anyone who is not from the mining company. In addition to that the officer was also not carrying a valid search warrant to support his intentions. And now he claims that the company is indulging in illegal heavy mineral mining? Vaikundarajan says, “This is absurd.”
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A new mining law by the Centre will contain new rules defining the limit of radioactive content beyond, which private companies will not be allowed to mine. The concession period and the area to be given out on lease will also be defined by the same, VV Mineral.
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Members of the Fishermen United Front, Tuticorin, have sought a CBI enquiry into the illegal beach sand mining to restrain the illegal activity. Members of the Fishermen United Front, Tuticorin, have sought a CBI enquiry into the illegal beach sand mining to restrain the illegal activity.
Viapar is a coastal village in Tamil Nadu’s Tuticorin district troubled by heavy beach erosion from illegal beach mining across the region. The corrosion issues have traveled to neighboring villages as well.
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The recent allegations of illegal sand beach mining has caused quite a stir in the export industry. The state government has set up an investigation team to look into the matter. One company to find itself in the midst of the controversy is VV Minerals. Founded by S Vaikundarajan in the late 1980s, VV Mineral Mining is one of the largest mining companies in the country. It is also known to be the largest producer and exporter of Garnet and Ilmenite.
Established in 1989, VV Minerals is now India’s largest and world’s second largest mining, manufacturing and exporting company for Garnet & Ilmenite. VVM, the first Indian private Ilmenite exporter, is now present across Europe, Middle East, East Asia, Australia and the USA. VV Mineral Vaikundarajan, Director, said in an interview, “We are proud to be the largest producer of Garnet in the world, the first private producer of minerals like Zircon, Ilmenite, Rutile, Sillimanite and Leucoxene.”
For over two decades, VV Minerals India, a beach sand mining company, has been operating under the leadership of its founder, S Vaikundarajan. Recently, Atomic Energy Regulatory Board (AERB) confirmed the lack in technology to separate thorium from monazite, earlier expressed by the company.
Viapar is a coastal village in Tamil Nadu’s Tuticorin district troubled by heavy beach erosion from illegal beach mining across the region. The corrosion issues have traveled to neighboring villages as well.
VV Minerals is one of the leading heavy mining company situated in Tamil Nadu. They have been masters in maintaining business in different parts of the world and exporting raw materials safely, easily and faster. Award winning 'Garnet Exporters' of our country have become experts in transporting Heavy Mineral Raw Materials across the globe.
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Under the Mines and Minerals Act, 1957, the beaches of Orissa Sand Complex, Manavalakurichi in Kanyakumari District of Tamil Nadu has been identified as the main monazite bearing area in the country. It is alleged that since 2014, 2.1 million tons of monazite has disappeared from the shores of India. With allegations being pointed at VV Minerals India, the founder of the mining company, Vaikundarajan has come under scrutiny.
Viapar is a coastal village in Tamil Nadu's Tuticorin district where mineral mining on beaches is practised with government permission. On August 6, District Collector Ashish Kumar had raided the premises of VV Minerals, but it turned out that he had connections with its rivals. As soon as the rumours were confirmed, Mr Kumar was taken off the case and transferred. VV Minerals claimed that the "charges made by the former District Collector are baseless, motivated and vague."
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Ilmenite is a titanium-iron oxide which is commonly used in the production of titanium oxide. It is paramagnetic and is enjoying an increase in demand from India and China. Up until 2011, Australia was the largeast producer of the manganese and magnesium rich ore. VV Mineral Mining is the largest manufacturer and exporter of Garnet & Ilmenite in Tamil Nadu, India.
VV Minerals was established back in late 1980s and has won national awards for its contribution to export business. The company is also known for exporting ilmenite to several countries. However, the government imposing 10% export duty on the sale of ilmenite and 5% duty on upgraded ilmenite has caused grievances to the mining industry.
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S Vaikundarajan, a sand mining baron, established VV Minerals India in 1989. For over two decades now, the company has been running under his tutelage and grown into a profitable organization. VV Minerals has bagged several national awards for its contribution to the export business. It is the first to export ilmenite and exports zircon, garnet and rutile.
The allegations were further aggravated when V Sundaram, the first district collector of Tirunelveli, sent a letter to the Chief Secretary of Tamil Nadu. The letter targeted VV Mineral and accused it of amassing several crore rupees through illegal sand beach mining. The director of VV Mineral Mining, V Subramanian, dismissed all the allegations as a conspiracy theory against the company. “Sundaram is passing this as a cruel joke. He is on the payroll of our business rival... Our hands are clear. We will come out clear from these allegations. Our records are straight,” Ravindram Duraiswami, advocate for VV Mineral told NDTV.
VV Minerals India is vastly known for extracting and exporting garnet and ilmenite to over 20 countries. The company had admitted that it could no separate thorium from monazite to the lack of technology. This was also confirmed later by Atomic Energy Regulatory Board (AERB). Despite all these confirmations, former principal scientist at Central Marine Fisheries Research Institute in Kochi raised his concerns by stating, “Indian Rare Earth Ltd (IREL), Manavalakurichi, uses the sand from the same area and produces thorium, so what happens to the monazite in the VV mines?
S. Vaikundarajan, founder and managing director of V. V. Minerals, has been under scrutiny since the start of the alleged case of illegal export of thorium-rich sand to foreign countries that V. V. Minerals has been facing. The office premises of S. Vaikundarajan at Keeraikaaranthattu near Thisaiyanvilai were raided by the police in the same context.