Ban On Mining Activities Responsible For Unemployment - VV Mineral V SUBRAMANIAN

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Ban on mining activities responsible for
unemployment - VV Mineral V SUBRAMANIAN

• News Reports On Various Publications

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• Three news stories covered by Business Standard,
  Financial Express and Tamil Nadu Everyday
  published on June 3, 2014, stated that V.
  Subramanian, Managing Partner Of VV Minerals,
  India declares the ban on mining activities in
  Tamil Nadu is responsible for unemployment of
  50,000 people.

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What the news stories talk about

• About a year ago in August 2013 the government of
  Tamil Nadu implemented a ban on beach mineral
  mining
• The leading private mining companies like VV
  Minerals, India were forced to halt their mining
  activities in Tamil Nadu
• Approximately 50,000 local people lost their jobs
  out of which 15,000 worked for VV Mineral

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The Heavy Mineral Mining Industry Overview

• In India Tamil Nadu is the largest contributor of
  heavy minerals, with about 85 of the total
  exports of 6.5 lakh tonnes of garnet
• 75 of the beach mineral mining in Tamil Nadu is
  conducted by VV Mineral
• VV Mineral is the countrys largest mining
  manufacturer and exporter of garnet and ilmenite

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What the Veterans have to say

• Valuable inputs by an eminent industry player,
  the Managing Director of VV Mineral, V.
  Subramanian enlightened the readers about the
  real challenges faced by the company and the
  industry overall.

http//vvmineral-mining.blogspot.in
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• The Financial Express, Business Standard and
  Tamil Nadu everyday news reports state that the
  chairman of VV Mineral, V. Subramanian declared
  the following facts
• The country is loosing forex amounting to at
  least Rs 10,000 crore a year
• beach mining is replenishable in the absence
  of mining, such minerals are being carried away
  by sea waves and as a result, Sri Lanka, located
  further down, is reaping rich benefit at the cost
  of Indian industry
• The ban on mining is impacting Indian firms'
  reputation as trusted partners with customers
  overseas. It is causing an annual loss of around
  Rs 300 crore to the state exchequer as well 
• The reopening of the mines could attract some few
  hundred crore of investment in the sector in
  Tamil Nadu 

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• The local industry is nearly without job as a
  result of the ban that was effected in August
  last year. It has rendered joblessness to around
  50,000 people including 15,000 of ours"
• - V. Subramanian, Managing Partner, V. V. Minerals

http//vvmineralblog.wordpress.com
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More about VV Mineral

• VV Mineral is India's largest Mining,
  Manufacturer and Exporter of Garnet Ilmenite.
  At the global level, VVM is poised to rise above
  the number two position.VVM is the first private
  Ilmenite Exporter in India. 
• Established in 1989, the company have achieved
  significant market share in Europe, Middle East,
  East Asia, Australia and USA.
• V.V. Mineral is a family grown business started
  by Mr. S Vaikundarajan, Founder, Chairman
  Managing Director, VV Group.
• To know more about V. V. Mineral you can visit
  our website http//www.vvmineral.com/about.htm

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