VV Mineral Mining Dismisses Allegations Against Company

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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.

News & Politics

VV Mineral Mining Dismisses
Allegations Against Company

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.
http://vvmineralblog.wordpress.com

VV Minerals has been held
responsible for this
catastrophe through
several allegations.
According to a report, the
company encroached 30
hectares of government
land and other mining
lease violations.
http://vvmineral.wordpress.com

Ashish Kumar, district collector, received transfer
orders during his inquiry. However, there is no
evidence to suggest that the transfer orders were
influenced by VV Mineral Vaikundarajan’s political
connections.
http://vvmineralmining.wordpress.com

Speaking to NDTV, VV minerals stated, “These
allegations made by the former district collector are
baseless, motivated and vague.”
V Sundaram, first District Collector, wrote a letter
to the Chief Secretary of the state in January 2013
accusing VV Minerals of illegal mining worth over
Rs. 96,000 crores. The letter also accused state
government departments of favoring VV Minerals.
“The mining lease was given to them within 72
days, while the other companies are still waiting for
permission,” the letter stated.
http://vvmineral-mining.blogspot.in

Vaikundarajan, founder of VV Minerals, was quick
to dismiss these allegations as a conspiracy by its
business rivals.
http://vvmineralmining.blogspot.in

Ravindram Duraiswami, advocate for VV Minerals
was quoted by NDTV, "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.”
http://vvmineralblog.wordpress.com

V.V. MINERALS BLOGS
http://vvmineralblog.wordpress.com
http://vvmineral.wordpress.com
http://vvmineralmining.wordpress.com
http://vvmineral-mining.blogspot.in
http://vvmineralmining.blogspot.in

SOCIAL MEDIA
https://www.facebook.com/vvmineralmining
https://twitter.com/vvmineralsindia
https://plus.google.com/115427745398374600571

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Viapar is a coastal village in Tamil Nadu's Tuticorin district where mineral mining on beaches is practised with government permission. On August 6, District Collector Ashish Kumar had raided the premises of VV Minerals, but it turned out that he had connections with its rivals. As soon as the rumours were confirmed, Mr Kumar was taken off the case and transferred. VV Minerals claimed that the "charges made by the former District Collector are baseless, motivated and vague."

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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. The recent allegation of illegal beach sand mining has put several mining companies in a fix. The state government has suspended all illegal activities and set up an investigation team to look into the matter. These developments are causing financial losses to companies like VV Minerals and others.

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An FIR has been lodged against entities alleged to be involved in illegal beach mining by an organization called Meenavar Viduthalai Iyakkam. The organization submitted a petition in the District Police Office in Tuticorin district seeking immediate action to stop illegal activities. Recently, there have been illegal sand mining allegations against VV Minerals India, the largest beach sand mining company in the country.

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VV Mineral, a 20-year-old company which deals with mining business, has been in the news for illegal mining for quite some time now. The company was alleged to be engaged in extracting major minerals in Tuticorin, Tirunelveli and Kanyakumari districts' coastal regions. Following these allegations, VV Mineral Managing Director S Vaikundarajan and others had filed a batch of writ petitions after the Centre issued orders rejecting their schemes of mining.

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VV Mineral Vaikundarajan reveals that his competitors will go to any lengths to deface VV Minerals. He says first they got the collector of Tuticorin to claim an illegal beach sand mining scam. Then they alleged VV Minerals has connections with politicians and now they claim that the committee set up by the state government may be on its way to give us acquittal. However, none of it has any roots in reality.

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A practice to extract rare earth minerals through mining process from open pits, beaches, river beds etc. is known as sand mining. These rare earth minerals consist of 17 chemical elements. These rare earth minerals generally consist of elements like ilmenite, rutile, garnet, zircon, sillimanite, leucoxene and monazite. They are used in manufacturing consumer products and high tech applications. Established in 1989, V. V. Mineral (VVM) is the largest manufacturer and exporter of rare earth minerals – ilmenite and granet. It is the first private ilmenite exporter in india. VVM have achieved noteworthy market share in Europe, the USA, Australia, East Asia and Middle East. VVM’s annual output is 7, 00,000 metric tonnes of heavy minerals, which includes garnet abrasive, ilmenite, zircon, rutile, sillimanite and leucoxene. VVM has been awarded with quite a number of awards.

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“Though India is home to 35% of global rare earth minerals and 71% of world’s monazite reserve, China dominates the rare earth supply of the world. With a slight change in the policies, India can be the world top player of rare earth minerals.” said S. Vaikundarajan, Managing Director and CEO of V. V. Minerals, the largest producer and exporter of ilmenite in India. “Keeping in mind the current demand of beach minerals owing to rapid innovation, the Make in India objective of the government won’t be so difficult to achieve.” Other industry experts have reiterated the Vaikundarajan’s thoughts on this matter.

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Mining involves numerous stakeholders, and hence, its revival depends on strong coordination not only between miners and the government, but also among the state and central governments. Foremost of all, the annual cap of 30 MT imposed by the Supreme Court needs to be removed to allow the industry to grow. India has the highest tax rates on minerals in the world. Effective tax-rate, the ratio of value of all amounts paid to the government to value of profits before taxes, is approximately 69% for operating mines in India compared to resource-rich nations like Canada (34%), Australia (40%), and South Africa (40%).

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B. Ramanath Rai, Minister for Forests, Ecology and Environment, ruled out any involvement of members of political parties in illegal sand mining in Dakshina Kannada. Mr. Rai boldly dismissed the allegations in a matter of fact way by sayng, “I cannot accept bland statements that the sand mafia is active here. If there are any political party workers involved in illegal sand mining, provide specific details about the person. Action will certainly be taken against them. The party men who are engaged in sand mining are those who have been doing so for over several years now with authorised permits.”

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The Madras High Court addressed by Chief Justice Sanjay Kishan Kaul and Justice TS Sivagnanam set aside an order quashing the rejection of mining scheme of one of the leading mining companies VV Minerals and Transworld Garnet India. The court noted that the order issued by the Single Bench was bereft of any reason and did not deal with the respective submissions of the learned counsel for the parties.

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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. For a long time, VV Minerals has been the highest stakeholder of the mining business in these areas. While there is no evidence to justify illegal actions on behalf of the company, the scam has already done a considerable amount of damage to its reputation.

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The company has taken legal advice against such baseless allegations and rumours. No evidence has yet been submitted in the court that could confirm the company’s involvement in scam. District Collector Ashish Kumar of Tuticorin was one of the first people to raise his voice against the company. However, when no evidence was found, the District Collector had to face a transfer. Yet again, Vaikundarajan was blamed to have used his political influence in Kumar’s transfer.

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In the wake of recent illegal beach sand mining allegations, the company has found itself under harsh criticism and scrutiny. The company’s hard earned reputation hangs by a thin thread despite no substantial proof to support any allegations. VV Mineral Vaikundarajan, however, insists that the company has operated within legal boundaries for over two decades. He further states that the allegation is a plot by competitors to defame the company.

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Under his tutelage, the company has grown many-fold. However, recently the company has found itself surrounded in a controversy. VV Minerals has been accused of illegal sand mining while concerns have been raised against Vaikundarajan for using his political connections to influence the system. District Attorney Ashwin Kumar and ex-IAS officer V Sundaram have been vocal in their allegations. In the letter written by the latter, Vaiundarajan is accused of looting Rs. 96,000 crore.

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VV Minerals India is one of the leading sand beach mining companies in the country. 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.

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VV Mineral Mining Dismisses Allegations Against Company

1. VV Mineral Mining Dismisses Allegations Against Company

2. 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. http://vvmineralblog.wordpress.com

3. VV Minerals has been held responsible for this catastrophe through several allegations. According to a report, the company encroached 30 hectares of government land and other mining lease violations. http://vvmineral.wordpress.com

4. Ashish Kumar, district collector, received transfer orders during his inquiry. However, there is no evidence to suggest that the transfer orders were influenced by VV Mineral Vaikundarajan’s political connections. http://vvmineralmining.wordpress.com

5. Speaking to NDTV, VV minerals stated, “These allegations made by the former district collector are baseless, motivated and vague.” V Sundaram, first District Collector, wrote a letter to the Chief Secretary of the state in January 2013 accusing VV Minerals of illegal mining worth over Rs. 96,000 crores. The letter also accused state government departments of favoring VV Minerals. “The mining lease was given to them within 72 days, while the other companies are still waiting for permission,” the letter stated. http://vvmineral-mining.blogspot.in

6. Vaikundarajan, founder of VV Minerals, was quick to dismiss these allegations as a conspiracy by its business rivals. http://vvmineralmining.blogspot.in

7. Ravindram Duraiswami, advocate for VV Minerals was quoted by NDTV, "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.” http://vvmineralblog.wordpress.com

8. V.V. MINERALS BLOGS http://vvmineralblog.wordpress.com http://vvmineral.wordpress.com http://vvmineralmining.wordpress.com http://vvmineral-mining.blogspot.in http://vvmineralmining.blogspot.in

9. SOCIAL MEDIA https://www.facebook.com/vvmineralmining https://twitter.com/vvmineralsindia https://plus.google.com/115427745398374600571

10. THANK YOU