Thorium mining allegations on vv minerals untrue, says vv mineral vaikundarajan

Jul 26, 2016Download as PPTX, PDF1 like167 views

The document discusses allegations of illegal thorium mining against VV Minerals in Tamil Nadu and Kerala, where the largest thorium reserves in the world are located. While some accuse the company of illegally exporting minerals, VV Minerals claims they have operated legally for over 20 years and the allegations are a plot by business rivals to damage their reputation. The company chairman believes an investigation will clear VV Minerals of any wrongdoing.

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.
http://vvmineralblog.wordpress.com

Chairman of ACACI (Action Committee against
Corruption in India), Subramanian Swamy stated in
an interview, “All sorts of private companies are
operating in these areas. They say they are
extracting sand. After the Indo-US nuclear deal, the
government seems to have forgotten about building
our indigenous thorium technologies.“
http://vvmineral.wordpress.com

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.
http://vvmineralmining.wordpress.com

Authorities at VV Minerals have a completely different
story to tell. Company loyalists have stated that VV
Minerals has been operating within legal boundaries
for over two decades and the scam is only a plot by
business rivals.
http://vvmineral-mining.blogspot.in

Even though the damage has been done, VV Mineral
Vaikundarajan stays positive and believes that his
company will come clean once the investigation
reaches its conclusion.
http://vvmineralmining.blogspot.in

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

VV Minerals was established in 1989 by S Vaikundarajan and has grown into a profitable mineral export company over the past two decades. While the company has received national awards for its export contributions, in recent years it has faced allegations of illegal sand mining and corruption without evidence. An investigating committee found no proof of wrongdoing by VV Minerals. Vaikundarajan denies the allegations and believes they are an attempt to undermine his business by competitors.

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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 Mineral Vaikundarajan is a mining industry veteran and a businessman to land the first ever commercial mining license back in the 1980’s when he started VV Mineral. VV Minerals India is now over 20 years old and is commonly known as the forerunner of the mining industry in Tamil Nadu. However, the recent allegation pertaining to a suspected beach sand mining scam has brought VV Mineral Vaikundarajan under the scanner.

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VV Mineral Mining is a beach sand mining company founded in the 1980s that has grown to become a leading sand exporter. However, a former scientist raised concerns that the company was not properly handling monazite in its mines and operating without clearances. VV Mineral denied the allegations, stating it had followed all regulations over 20 years of operation. The company argued the allegations were an attempt to damage its reputation, and it has filed lawsuits in response that are pending in court.

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VV Minerals has been cleared of any involvement in illegal beach mining or heavy mineral mining as it has had a commercial mining license for over 20 years. The company believes a business rival is responsible for allegations of illegal mining against them in an attempt to undermine their business. VV Minerals has also been unfairly blamed for coastline erosion in the area despite there being multiple potential causes.

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VV Mineral S Vaikundarajan is known to be a media shy person and prefers a low-key profile. Ever since the company has come under scrutiny for illegal sand mining, Vaikundarajan has been accused of using powerful political influence against the system. Several allegations have surfaced without any supporting evidence. VV Minerals India stays optimistic and states that his enterprise will soon walk clean.

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VV Mineral is an Indian company that has been mining coastal sands in Tamil Nadu and Andhra Pradesh for over 20 years, exporting garnet and illimenite which contribute significantly to state and national revenues. However, attempts by rivals to damage its reputation have led to increased governmental and media scrutiny of the company. VV Mineral asserts that it has operated legally and contributed greatly to the economy, denying accusations of illegal behavior without evidence. It views itself as capable of further helping India benefit from its coastal sand resources.

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An organization filed a complaint against several mining companies for alleged illegal beach mining. The state government suspended mining activities and launched an investigation. VV Minerals, the largest beach mining company, denies the allegations as baseless and claims the company has operated legally for 20 years. The company head believes the investigation will clear the company of any wrongdoing.

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VV Mineral Vaikundarajan denies involvement in illegal sand mining and argues that the company holds legal documents authorizing its mining and export operations. However, the company has been accused of illegally exporting beach sand minerals worth Rs. 1 lakh crore. An investigation is ongoing into these allegations against VV Minerals, and Vaikundarajan believes the company will be cleared of any wrongdoing.

Baseless Claims Made During The Famed Thorium Scamshiva rajan

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A collector in Tuticorin, India cried foul in 2013 when he was denied access to inspect private areas of a mining company, bringing allegations of a thorium scam to light. However, companies have the right to deny entry to private premises unless permitted by a legal document. A committee was formed to investigate and arbitrarily valued the alleged scam at Rs. 60 lakh crore, but provided no explanation for this excessive figure. Rare earth mineral mining is a complex issue in India due to historical bans and numerous organizations with overlapping responsibilities that have led to a lack of documentation.

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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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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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Thorium mining allegations on vv minerals untrue, says vv mineral vaikundarajan

1. Thorium Mining Allegations On VV Minerals Untrue, Says VV Mineral Vaikundarajan

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

3. Chairman of ACACI (Action Committee against Corruption in India), Subramanian Swamy stated in an interview, “All sorts of private companies are operating in these areas. They say they are extracting sand. After the Indo-US nuclear deal, the government seems to have forgotten about building our indigenous thorium technologies.“ http://vvmineral.wordpress.com

4. 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. http://vvmineralmining.wordpress.com

5. Authorities at VV Minerals have a completely different story to tell. Company loyalists have stated that VV Minerals has been operating within legal boundaries for over two decades and the scam is only a plot by business rivals. http://vvmineral-mining.blogspot.in

6. Even though the damage has been done, VV Mineral Vaikundarajan stays positive and believes that his company will come clean once the investigation reaches its conclusion. http://vvmineralmining.blogspot.in

7. 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

8. Social Media https://www.facebook.com/vvmineralmining https://twitter.com/vvmineralsindia https://plus.google.com/115427745398374600571

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Thorium mining allegations on vv minerals untrue, says vv mineral vaikundarajan

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