Tuesday, 17 May 2016

Ray Of Hope For Private Mining Sector – VV Mineral Mining


With a new set of rules, the private sector might be able to mine some of the previously banned minerals soon. New rules are being designed by the Union mines ministry to allow and regulate the mining of minerals that contain radioactive content. However, the private sector can only engage in minerals with limited radioactive content.

There is hope that mining of minerals like llmenite, Rutile, Zircon, Leucoxene, listed in the atomic mineral category, would be allowed in the private sector with a few rules governing the process and they could benefit from the lucrative market. A proper set of rules will also make the life easier for the private sector.

This comes as big news for firms like VV Mineral Mining. Managing Director, VV Minerals India, said in an interview, “This is a small step towards the betterment of the industry as a whole. Many opportunities will be generated for the private sector. Also a defined set of rules will help the companies to operate smoothly.”

VV Mineral  is the largest mining company in the country. It specialises in mining Garnet and Ilmenite. Garnet mining too wasn’t allowed till the late 1980s. Almost 30 years down the line, Vaikundarajan has Garnet mining as his speciality. VV Minerals is the largest producer of Garnet in India.

Read The Story For More Setails: http://www.business-standard.com/article/economy-policy/new-rules-for-atomic-minerals-in-the-offing-115120100069_1.html

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