Mining Ban Will Bring Huge Losses To The Industry, Says VV Mineral Vaikundarajan

Illegal-Beach-Mining-VV-Mineral-VaikundarajanVV Mineral, India’s top exporter of industrial minerals of garnet and ilmenite, has been accused of illegal beach sand mining. This has put Vaikundarajan, an influential figure in the mining circuit, under scrutiny.

The company has been issued a case requiring the founder of the company to be under judiciary check at all times. Despite being a discreet person, VV Mineral Vaikundarajan has openly supported the investigating team.

Ashish Kumar, former district collector of Tuticorin, raised the issue of illegal mining and order an enquiry. However, Kumar was immediately given marching order for having involved with the business rivals of VV Minerals. VV Mineral Vaikundarajan was accused of using his political connections to influence the transfer.

While there has been no evidence to convict the company or its founder, supporters of VV Mineral Vaikundarajan have maintained that the scam is masterminded by the rival business.

VV Minerals has an annual output of 150,000 tonnes of garnet abrasives, 225,000 tonnes of ilmenite, 12,000 tonnes of zircon and 5,000 tonnes of rutile. With these allegations surfacing, the state government has set up an investigating team to probe into the matter and banned all mining activities till further notice. These bans will bring huge losses to VV Minerals and other companies in the state.


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s