VV Minerals was established back in late 1980s and has won national awards for its contribution to export business. The company is also known for exporting ilmenite to several countries. However, the government imposing 10% export duty on the sale of ilmenite and 5% duty on upgraded ilmenite has caused grievances to the mining industry.

1. VV Mineral Mining Expresses
Disappointment At Export Duty On
Ilmenite

2. VV Minerals was established back in late 1980s and
has won national awards for its contribution to
export business. The company is also known for
exporting ilmenite to several countries. However,
the government imposing 10% export duty on the
sale of ilmenite and 5% duty on upgraded ilmenite
has caused grievances to the mining industry.
http://vvmineralblog.wordpress.com

3. Several mining officials have requested the
government to withdraw the export duties. “These
duties will gravely affect the companies and mining
industry as a whole,” says VV Mineral
Vaikundarajan.
http://vvmineral.wordpress.com

4. Mining industry contributes to 2.5% of country’s
GDP with employment of over 50 lakh people.
“Due to the export duty, other countries may look
at South Africa for ilmenite putting Indian export
business at a serious risk,” VV Mineral Mining
added.
http://vvmineralmining.wordpress.com

5. Mining officials have raised
concerns on the industry
standing threat of becoming
standstill due to the export
duty. “There is a possibility
that ilmenite from South
Africa may be exported to
China due to its quality and
price. Export duty will be a
hurdle for the industry to
compete globally,” said
Arjeth Bagchhi, President of
Mining Engineers
Association of India.
http://vvmineral-mining.blogspot.in

6. VV Mineral Vaikundarajan further informed that
the government may be looking at doing away
with deemed extension of leasing of ilmenite.
“This move could potentially bring down the
mining industry in two years,” he said.
http://vvmineralmining.blogspot.in

7. Whether the government will heed to the mining
official’s request remains to be seen. Meanwhile,
VV Minerals hopes that the industry will stand
strong against this decision.
http://vvmineralmining.wordpress.com

8. Read The Article For More Details
http://www.deccanherald.com/content/425496/mining-
industry-seeks-withdrawal-export.html
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9. V.V. MINERLA BLOGS @
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10. SOCIAL MEDIA @
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