Thorium Mining Allegations On VV Minerals Untrue, Says VV Mineral Vaikundarajan

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Thorium Mining Allegations On VV Minerals Untrue,
Says VV Mineral Vaikundarajan
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The worlds 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.
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Chairman of ACACI (Action Committee against
Corruption in India), Subramanian Swamy stated in
an interview, All sorts of private companies are
operating in these areas. They say they are
extracting sand. After the Indo-US nuclear deal,
the government seems to have forgotten about
building our indigenous thorium technologies.
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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.
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Authorities at VV Minerals have a completely
different story to tell. Company loyalists have
stated that VV Minerals has been operating within
legal boundaries for over two decades and the
scam is only a plot by business rivals.
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Even though the damage has been done, VV Mineral
Vaikundarajan stays positive and believes that
his company will come clean once the
investigation reaches its conclusion.
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V.V. Minerals Blogs
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Social Media
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