VV Minerals India Shoreline Erosion In Tuticorin Is Not Because Of Illegal Beach Mining

It seems like the allegations put on VV Minerals India are only making it stronger by the day. VV Minerals is the highest Garnet and Ilmenite mining and producing company in India. Recently, a lot of questions have been raised against the company alleging the company’s involvement in illegal beach mining. VV Minerals has taken the legal route against such allegations and rumours. All the court battles to this day are in favour of VV Minerals and the company thinks it will continue to do so.

VV Mineral was raided by District Collector Ashish Kumar on August 6th and no solid proof was found to prove it guilty. However, it was proved that Ashish Kumar was involved with one of the competitors who was trying to harass VV Minerals and malice its reputation.

VV Minerals spokesperson, speaking to NDTV, denied these allegations and claimed that the "charges made by the former District Collector are baseless, motivated and vague."

VV Mineral Mining is the most trusted exporter of minerals like Garnet and Ilmenite. Thus VV Minerals has almost enjoyed 100% monopoly in Ilmenite mining and also had a giant share for exploiting Garnet. This obvious fact is being misused by the competitors.

VV Minerals’ Director, V Subramanian, dismisses all allegations as a conspiracy by its business rivals.

"Sundaram is passing this as a cruel joke. He is on the payroll of our business rival... Our hands are clear. We will come out clear from these allegations. Our records are straight," Ravindram Duraiswami, advocate for VV Minerals India told NDTV.

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

VV Mineral Mining Stays Positive Despite Allegations

VV Mineral Mining and its founder S Vaikundarajan have been facing a lot of heat over the illegal beach sand mining scam. In another twist, Judge Michael Cunha stated 32 benami companies through Jayalalitha amassed huge assets. One company, Riverway Agro Products Pvt Ltd, has been accused of helping Jayalalitha with 1190 acres of land in Thirunelveli districts of Tamil Nadu.

Allegations were quickly made against VV Mineral Vaikundarajan connecting him to the company. Meanwhile, the judge has ordered for confiscation of all land.

When the allegations of illegal beach mining began to surface, the State Government set up an investigating team to probe the matter. IAS office Ashish Kumar was given the marching order during his investigating stint. Once again, fingers were pointed at S Vaikundarajan for using political influence in his favour. An enquiry committee headed by Gagandeep Singh Bedi was set up following this controversy.

VV Mineral Vaikundarajan continued to maintain that company has been operating within legal boundaries for over 20 years now. He has openly shown his support to the investigating committee and called the allegations as a ploy by his business competitors to defame the company.

How much truth do these allegations hold are yet to be proven as no concrete proof has been brought forth as yet.

VV Minerals Has All The Legal Documents To Mine And Export, Says VV Mineral Chairman

VV Minerals India is one of the leading sand beach mining companies in the country. The company was established in the late 1980s by S Vaikundarajan and has won several national awards for its contribution to the export business.

Recently, however, several allegations of illegal beach sand mining have surfaced against the company. Despite no substantial proof to support these allegations, the company’s hard earned reputation seems to have taken a hit. Vaikundarajan has stated that VV Minerals has operated within legal boundaries and the allegation is a ploy by competitors to defame the company.

Following these allegations, an investigation team was set up by the then Chief Minister Jayalalitha to probe in to the matter across five districts of the state. IAS officer Gagandeep Singh Bedi headed the special investigation team.

Vaikundarajan Thwarts Illegal Mining Allegations against His Company

Following the allegations of illegal beach mining in South against some companies; the State Government set up an investigating team to probe into the matter.

With the team yet to reach its conclusion, the coastal population has shown little or no faith in the team’s efforts. The population consisting of Fishermen United Front have expressed their reservations against the functioning of investigation team. The reason for this is yet to be revealed.

Founder of VV Minerals India, S Vaikundarajan is accused of using his political influence over the matters concerning illegal mining activities. None of these allegations have been supported by strong evidence. Vaikundarajan maintains that the company has operated within legal boundaries for over 20 years and will continue to do so.

Brand’s reputation was further tainted when two former IAS officers stated that VV Minerals have engaged in illegal beach sand mining in the southern districts. Vaikundarajan was quick to play down these allegations. He further expressed his support for the investigating team and assured that the results will be in favour of the company.

VV Minerals India was founded in late 1980s and has been running under the tutelage of Vaikundarajan. The founder publicly thwarted all allegations as a defamation plot by rival mining industries.

While there is no conclusive evidence to support any allegation against the company; several fishermen in the region have threatened to leave their houses. Vaikundarajan stated that the allegations have no credibility and the threats are simply uncalled for.

“We have complete faith in judiciary and believe the investigation team will do its job. We lend our complete support to the team,” he added.

VV Mineral Mining TN Beach Mineral Exporters Win Top Awards

VV Minerals Mining leading beach mineral exporters, received the 'CAPEXIL Award' for its performance in export.

Kalraj Mishra, Union minister of micro, small and medium enterprises presented the award to V. Subramanian, managing director of VV Minerals, at a function in Delhi on January 28th.

VV Minerals Vaikundarajan said in an interview “The award symbolizes ease of doing business for promoting mineral exports from the country. Simplicity of processes and maximum support to the importers has always been a priority for VV Minerals. We value our clients and employees alike and this award just affirms the same for us.”

The award mainly stands for the service quality provided by the company. VV Minerals has a huge annual output of 150,000 tonnes of Garnet abrasives, 225,000 tonnes of Ilmenite, 12,000 tonnes of Zircon and 5,000 tonnes of Rutile.

Transworld Garnet India Private Limited (TGI), a Thoothukudi-based mineral exporter was also selected as one among the 63 'CAPEXIL awardees' under the special export category. C Sakthi Ganapathy, managing director of TGI received the award from the MSME minister the same day.

VV Minerals Complete Support CBI Enquiry Team

Following several allegations of illegal beach mining against some companies, the state government has set up an investigating team to probe into the matter.

However, the coastal population, mainly Fishermen United Front, have shown little or no faith in the investigating team’s work. The reason for this is yet to be revealed.

Vaikundarajan, Managing Director of VV Minerals India, is accused of using political connections over the matters concerning illegal mining activities. None of these allegations are supported by strong evidence. The company has assured to have carried all mining activities with legal boundaries.