VV Minerals, a private beach mining company is into the mining of minerals like ilmenite, rutile, garnet and zircon. It is an IMS certified company, with established policies and procedures for ensuring quality, environment protection. It is also recognized as “Star Trading House” by Ministry of Commerce. However, they were blamed to carry out illegal export of thorium which was a completely false accusation and led to a probe into the matter. As S. Vaikundarajan has brought the company at such pioneering heights the clutch of awards and accolades is rich testimony that V.V. Mineral adheres to the best global practices in the heavy minerals mining industry.
V.V. Mineral is the first company to receive the ‘Export House’ status for heavy minerals from the Government as well as various chambers of commerce and industry. Thanks to the private companies like VV Mineral, India now has a dominating share in world garnet market. Therefore, accusing a company that has built its name over the years by conducting trade in a fair manner is completely wrong which is why after the investigation the Supreme Court cleared all charges against VV Mineral Vaikundarajan.
The investigations concluded at the suspended mineral mining areas of Tamil Nadu that there was no illegal activity recorded in the mining premises of the accused private mineral companies such as VV Mineral.
VV Minerals, owned by Vaikundarajan, was wrongly accused in the illegal beach mining scam. They were said to have exporting Thorium, a claim which was later dismissed by the central government.
Although the mining activities in Tamil Nadu still seem to be suspended, the claim that VV Minerals indulged in illegal thorium is proven false. VV Minerals has been given the green chit by the center.
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VV Minerals, India, is the largest garnet exported in the country, as well as the first private company to export ilmenite. It is a family grown business started by Mr. S Vaikundarajan.
The other eminent members involved in the top management of the company include Mr. J Muthurajan and Mr. V Subramanian, both holding the Managing Directors chair. The company basically deals with Zircon mining, rutile mining, garnet mining and ilmenite mining.
In a news article on The Hindu, Justice Kapadia made a point that the judges should make a balanced judgment with regard to environmental concerns and sustainable development. Banning mining activities because a suspected activity of illegal mining is not fair to the thousands unemployed thereafter in the mining areas.
Economic Times carried another article where the mining engineers association of India urged the government to allow private mining companies to carry out Thorium mining. Some eminent members of MEAI believe that there is no logical explanation why private miners are barred from mining thorium.
If the processes are fast tracked and necessary clearances are given to private miners, better development can be achieved in lesser amount of time. Our country has a reserve if 500 Million Tonnes of ilmenite, however the production is a meager 8 lakh tones annually. Same for Zircon, the resource base is estimated to be over 32 Million tones, but production is just 35,000 tonnes.
Companies like VV Mineral, owned by Mr. S. Vaikundarajan, who were falsely accused of being a part of Thorium scam, are still under the ban, even after the central governments have given them a clean chit.
Following the ban imposed on the heavy mineral mining industry due to allegations of malpractices on over 20 private players, a livelihood of about 50,000 families has said to be distraught. The federation of beach mineral producer’s association has appealed to the government to lift the ban because since this is a labor intensive industry the ban will not only affect the mining companies but also a lot of local people living in areas where mining is conducted. Besides, this will also hamper the international trade and the buyers might settle for other countries since the supply is cut down from India.
Private mining companies like VV Minerals owned by Mr. S. Vaikundarajan, was accused of being involved in a thorium scam. But after the investigation was complete it was found that the scam was a hoax and it was planted by a group of miners in a personal rivalry with the accused mining companies.
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