Monday, 7 July 2014

Tamil Nadu Holds Monopoly Of Garnet Placer Sands Exports, VV Minerals One Of The Top Company

Tamil Nadu is gifted with abundance of heavy minerals and is also one of the highest exporters of garnet placer sands. VV Minerals, India in Tamil Nadu recently acquired Transworld Granite India Pvt. Ltd. (TGI) which has enabled them to enter the placer sands of Andhra Pradesh in Srikakulam.

“This strengthens the group’s position in the heavy mineral mining market says”, J Muthurajan. Export of Garnet has been under permissible limits and there is no speculation regarding the amount of exports. Garnet is non-toxic, inert and hence environment eco-friendly. According to S. Jegatheesan “More than 95% of garnet produced in the country is exported”. More than 90% of the garnet exported from the country till date is from Tamil Nadu. In India, the domestic consumption of garnet is very limited (less than 5%) and is mainly for manufacture of micronised garnet powder.

S. Vaikundarajan, owner of VV Minerals, believes that these exports will bring revenue to the economy and   VV Mineral, India will contribute greatly towards it.  Srikurmam placer sand deposit is considered to be the best for garnet mining and ilmenite mining and TGI had acquired all statutory clearances from the government. VV Mineral, India is therefore one of the key components in the heavy mineral mining industry.

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