VV Minerals India Explains What New Rules For Atomic Minerals Will Mean For The Industry

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VV Minerals India Explains What New Rules For
Atomic Minerals Will Mean For The Industry
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The new mining laws have put private rare earth
mineral sector in an uncertain position. With the
industry raising their concern against the law,
the Centre has decided to come out with rules
governing leases of atomic minerals.
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The rules will define the hold of private
companies over mining, concession period the area
given out on lease. The Union Mines Ministry will
vet the rules defined the legal framework for
minerals.
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To tackle health related issues faced by locals,
the department of atomic energy will regulate
minerals to check their radioactivity threshold.
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Tamil Nadu has 71 beach mineral mining leases
covering an area of 700 hectares. However,
industry association states that over 5000
hectares of land is pending application for beach
minerals.
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In January 2007, certain minerals were delisted
from atomic minerals category. However, the
recent changes have listed ilmenite, rutile,
zircon, leucoxene in atomic minerals despite
being delisted in the earlier trend.
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During late 1980s, private companies obtained a
no-objection certificate from the department of
atomic minerals to mine and produce garnet.
Private companies can no longer mine garnet as it
contains monazite content which is a radioactive
mineral. However, minerals with less than 1
monazite are allowed to be mined.
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VV Mineral Mining is Indias largest garnet miner
and exporter. These minerals are used in ceramic
and higher technology items. The origin of these
minerals is traced to Western Ghats, informs VV
Minerals India. Kerala and Tamil Nadu are
considered to be rich in heavy mineral reserves.
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For More Details Article Follow The Link
http//www.business-standard.com/article/economy-p
olicy/new-rules-for-atomic-minerals-in-the-offing-
115120100069_1.html
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