When VV minerals was brought under probe in an alleged illegal beach mining scam the government was shocked to see that the private export player held legitimate licences and permissions to not only mine but also export rare earth materials.
VV Minerals Has Always Mined The Sandy Beaches Legally
1. VV Minerals Has Always Mined The Sandy
Beaches Legally
When VV minerals was brought under probe in an alleged
illegal beach mining scam the government was shocked to see
that the private export player held legitimate licences and
permissions to not only mine but also export rare earth
materials.
2. All the licences have been issued by the state government and
Vaikundarajan can claim confidently that no part of his
business is a illegal by any chance.
He further explains that he had received not one or two but a
whole of 16 licences in the year 2002-03 which gave VV
Minerals the right to mine ilmenite, rutile and garnet. The
licenses also gives VV mineral the permission to export these
materials.
The 16 licences that were issued did not allow the mining
giant to mine or export monazite which the company has
consciously stayed clear off, making all their mining activities
a hundred percent legal.
Ten years later VV Minerals however was granted further
issuances to mine and export monazite as well. The
documents also state a royalty rate to be paid to the
Goverment of India making it as legitimate as it gets.
However, when the allegation began to make rounds the
central government has turned facts around, claiming that
these issuances were never made. On which note,
Vaikundarajan is confident that this an effort to sabotage his
success and image.
He is sincerely shocked about being called a massive mining
mafia. He says that everything he did was in interest of the
3. people of the state and the country by and large and hence it
is absurd that things have taken a turn for the worst as of
now.
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