All Mining Activities Have Been Carried Upon Legal Authorization – VV Minerals. VV Minerals India, a sand beach mining company, in the late 1980s.
In the last two decades, the company has grown to become one of the leading mining companies in India. Its efforts have been applauded with national awards for its contribution to the export business. In the last few years, several allegations of illegal beach sand mining have surfaced. VV Mineral Vaikundarajan Discards All Allegations Against Company As Baseless. An organization called Meenavar Viduthalai Iyakaam has lodged an FIR against companies for being involved in illegal beach mining.
A petition to stop illegal activities was submitted at the District Police Office in Tuticorin district. Thorium Mining Allegations On VV Minerals Untrue, Says VV Mineral Vaikundarajan. The world’s largest reserve of Thorium can be found on the coasts of Tamil Nadu and Kerala.
If the current reports are anything to go by, the Thorium deposits on Indian shores have seen a considerable decline. While the reason could be erosion, illegal export of minerals has been cited as the major problem behind this depletion. None Of the Allegations Against Company Are True, Says VV Minerals India. VV Minerals India has made a name for itself in the sand mining industry.
It has won several national awards for its contribution to the export business. It is also the largest manufacturer and exporter of Garnet and Ilmenite in India. VV Mineral Finds Favour In High Court In The Draft Mining Scheme. Indian Bureau of Mines was established to promote systematic and scientific development of mineral resources of the country (both onshore and offshore), through regulatory inspections of the mines, approval of mining plans and environment management plans to ensure minimal adverse impact on environment.
VV Mineral Is Not a Part Of Thorium Scam. No Evidence To Prove This. As per some reports, the thorium deposit on the coasts of Tamil Nadu and Kerala have seen depletion over the last few years.
The two states are well-known for being world’s largest reserves of Thorium. No Mining Operations Handled Illegally By VV Mineral. Members of the Fishermen United Front, Tuticorin, have sought a CBI enquiry into the illegal beach sand mining to restrain the illegal activity.
A. Subash Fernando, district secretary of the Front, claims that the coastal populace has little faith in the special team constituted by Chief Minister J. Jayalalithaa for assessing the issues of illegal sand mining in the district. Jayalalithaa and, director of VV Mineral, have been linked forcefully. VV Minerals has major shareholding of Jaya TV is being used as a ploy. VV Mineral Has No Aide From Any Politician. In the wake of elections in the state of Tamil Nadu, old allegations are being given a new twist altogether.
To believe the rumours, VV Mineral Vaikundarajan is the owner of a company in which Jayalalitha has invested her black money. Desperate times call for desperate measures, and this time around the opposition got too desperate to point a finger at Jayalalitha, the expected winner of the 2016 Tamil Nadu elections. Policy Intervention For A Boost To The Promising Heavy Mineral Mining Industry VV Mineral. Madurai Bench In Favour Of VV Mineral Mining. The Madurai bench of the Madras High Court, granted an interim stay on its single judge order of 28th October.
VV Mineral, said to be the country’s largest manufacturer and exporter of Garnet and Ilmenite, is at the benefitting end. The company won’t have to pay Rs. 76.67 crore to the commissioner of Excise duty that was to be given earlier as Central Excise from 2011 to 2014. A writ appeal filed by the commissioner of central excise challenging the order was presented to the division bench of Justices V Ramasubramanian and N Kirubakaran. After receiving the show cause notice issued by the commissioner of central excise on 26th December, 2014, VV Mineral Mining did not delay in challenging it and moved to the high court bench.
VV Minerals India claimed that extracting minerals from sand, technically falls under the category of ‘mines’, thus legally defending that the minerals were supposed to be exempted from excise duty. Like this: Like Loading... 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. Baseless Illegal Beach Mining Accusations On VV Minerals. Rumours are making the rounds that there have been losses due to illegal mining business of minerals Ilmenite and Garnet, and they amount to Rs. 96,000 crores.
VV Minerals, the largest beach minerals export firm, is one of the major companies getting reputational setbacks. Inevitably, S Vaikundarajan, director of VV Minerals, has come under scrutiny. VV Minerals Wins CAPEXIL Award In Export Category – VV Mineral Blog. VV Minerals India was founded by S Vaikundarajan in the late 1980s. For the last two decades, the company has grown into an entity and won several national awards for its contribution to the export business. In another such achievement, one of the country leading beach mineral exporters has yet again bagged an award. VV Minerals was awarded with the ‘CAPEXIL Award’ for its export performance. Managing Director of VV Mineral, V Subramanian, accepted the award for top export category from Union Minister of micro, small and medium enterprises, Kalraj Mishra.
The event was held in Delhi on 28th Jan, 2016. Like this: Like Loading... Illegal Beach Mining Allegations On VV Mineral Mining Are False. Viapar is a coastal village in Tamil Nadu’s Tuticorin district troubled by heavy beach erosion from illegal beach mining across the region. The corrosion issues have traveled to neighboring villages as well.
The Investigating Team Has Our Complete Support In Illegal Beach Mining VV Minerals. The state government has set up a special investigating team to probe into the matters concerning illegal beach mining allegations. It has been observed that the coastal population has shown little or no faith in the investigating team’s work. Following this, the members of Fishermen United Front have appealed for a CBI inquiry instead. The low faith shown by the Fishermen United Front in judiciary is yet unclear. VV Mineral-Mining - Largest Manufacture Of Minerals: Export Duty Harming Mining Industry, Says VV Mineral. The 10% export duty on heavy minerals seems to be having a grave impact on the mining sector. The industry officials have raised the concern and requested the Centre to withdraw the export duty.
VV Mineral Mining Stresses On The Need For Mining Of Monazite In India. “Provided that the government allows mining of monazite, India has the opportunity to fuel its own nuclear power generation without having to depend on imported uranium,” says VV Mineral Mining. Currently only state owned companies like IRE and Kerala Metals and Minerals are allowed to mine monazite. VV Mineral explains that with nearly 5000 MW installed capacity in nuclear generation, monazite is found in abundance in the country. India has rich source of uranium oxide, a mineral through which uranium is extracted. S Vaikundrajan, founder of VV Minerals India quoted on UNI, “If we produce uranium from our own source, we can meet out the present requirement of our country for more than 600 years.” The government can stipulate condition that entire mined uranium will be supplied to Nuclear Power Corporation of India.”
He further informed of his company’s plans to expand nuclear generation capacity to 63,000 MW by 2031 which would require 10,806 tonne of uranium per year as fuel. Like this: VV Mineral Mining - India: No Involvement In Illegal Sand Mining, Says VV Mineral Mining. VV Minerals was founded by S Vaikundarajan in late 1980s. VV Mineral India Not Involved In Illegal Mining Activity. VV Mineral Mining Dismisses Allegations Against Company. VV Minerals Vaikundarajan Denies Allegations of Being Associated With Jayalalitha. We Came Out Clean Earlier After An Inspection VV Minerals India. The State Government suspended all mining activities in the South when illegal sand mining allegations against VV Minerals India surfaced. While no allegation has been proved, the government has set up an investigation team to reach a conclusion. Vaikundarakan, founder of VV Minerals, has denied all allegations and stated, “It is a ploy by business rivals to defame the company.”
V Sundaram, a former IAS officer, in his letter alleged that government lost nearly 90000 crores to illegal beach mining. He also claims to have received threatening phone calls for his comments in the media. In his email to the state’s chief secretary, Niranjan Mardi, he said, “I derive my constitutional right to serve as a fearless whistleblower under article 51A of the Indian Constitution.” He insists on fighting the gigantic public corruptions and demands adequate and immediate police protection from the Tamil Nadu government. VV Minerals issued a statement denying all allegations. Like this: VV Mineral Vaikundarajan Offers Complete Support To The Investigating Team. VV Minerals Has Always Operated Within Legal Boundaries.