Thursday, 24 July 2014

Need For Support From The Government For Heavy Mineral Mining

VV Mineral Mining
VV Mineral owned by Mr. S. Vaikundarajan is the only mineral producer in India with a successful downstream integration of Titanium Dioxide (Tio2) pigment production. In fact, they are the only mineral producer in the world that makes paint after making the pigment.

It is a pity that Government companies that have the first right over radioactive mineral deposits such as rare earth bearing minerals and monazite, don't have enough funds to move ahead and use them commercially in the global markets. Private players on the other hand who have the capacity to fund and execute such projects are not allowed to deal with this mineral.

If there are considerations are made to allow private players in this sector, India, with so much abundance of natural resources can even bring dominant nations like China down.

The only requirement for this to happen is the right support from the Government to the heavy mineral mining industry and encouragement to private players like VV Minerals India.

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