Job Rise In Mining Sector Is A Great News, Says Vaikundarajan

The mining sector of WA has seen a turnaround with the rise in the number of jobs following the plunge in commodity prices. With more than 25,000 jobs shed between August 2013 and June 2016, the industry is once again picking up and job ads are on the rise.

“One of the leading mining companies of WA has increased their advertising by 4% as compared to last year. Job ads in mining sectors nationally have gone up by 11%,” informs Vaikundarajan, founder of VV Minerals India.

Exploration and geoscience has performed well in the mining sector with an increase of 60%, followed by mine processing and drill and blast seeing a growth of 46% and 33% respectively. The growth is driven majorly in 3 areas – Gold, Iron Ore and Nickel.

“The overall growth has resulted in IPO companies taking to the market to raise cash for exploration,” explains Vaikundarajan.

The industry has seen an increase in the number of rigs mobilized and more companies are keen on increasing their greenfields exploration. The steady improvement is a leap forward for the mining sector.

Advertisements

All Mining Activities Have Been Carried Upon Legal Authorization – VV Minerals

VV MineralsVV Minerals India, a sand beach mining company, in the late 1980s. In the last two decades, the company has grown to become one of the leading mining companies in India. Its efforts have been applauded with national awards for its contribution to the export business.

In the last few years, several allegations of illegal beach sand mining have surfaced. While none of the allegations are supported by evidences, the company at the receiving end happens to be VV Mineral. VV Mineral Mining is the leading manufacturer and exporter of Garnet and Ilmenite. This has probably made the company an easy target for the scam.

Nevertheless, the state government has appointed an investigating team to look into the matter across five districts of the state. IAS officer Gagandeep Singh Bedi headed the team. Before Bedi, IAS Officer Ashish Kumar was transferred due to investigating inconsistencies. The blame was once again put on VV Mineral Vaikundarajan for using his political connection to influence the transfer.

The company is accused of exporting minerals worth INR 1 Lakh crore. A scam of such an extent is practically impossible for one company to pull off. In these events, it is fair to say that VV Minerals is being set up by their business rivals.

VV Mineral holds the legal document authorizing the company to mine and export monazite. How is it then that the sand mining operations of the company are deemed illegal?” asks VV Mineral Vaikundarajan. As he continues to stand by his company, VVMinerals puts his faith in the judiciary and believes that the investigating team’s results will be in favour of VV Mineral Mining.

VV Mineral Vaikundarajan Discards All Allegations Against Company As Baseless

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.

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.

VV Mineral Vaikundarajan Denies Allegations Against Company

Denies Allegations -VV MineralsVV Minerals has been under scrutiny following the allegations of illegal beach mining against the company. The allegations come easily as it is a known fact that the company is India’s top exporter of industrial minerals like Garnet and Ilmenite.

The company has denied all allegations stating that they have operated within the legal boundaries. The state government has setup an investigation team to look into the matter. VV Mineral Vaikundarajan, founder and director of VV Minerals India, has been open to all investigations and has assured that the company will be cleared of all charges.

Ashish Kumar, the district collector of Tuticorin, unsuccessfully carried a raid on one of the company’s warehouse. Following this raid, Kumar was immediately transferred to another location. It was revealed that Kumar’s intentions were tampered and he may have been working with the rivals of VV Mineral.

VV Mineral Vaikundarajan has been unjustly accused of using his political influence to bury the controversy. However, it should be noted that none of the allegations against the company have been proven in the court of law. “Not a single piece of evidence has been presented in the court. All these allegations are baseless. The competitors plotting against us,” says VV Mineral.

The company has a huge 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. VV Mineral Mining and other companies have been gravely affected due to the suspension orders on the operations since March 2010.

Allegation Against VV Mineral A Setup By Business Rivals Says The Chairman

Following the allegations of illegal beach sand mining against VV Minerals India, the State Government had suspended all mining activities in the south. A special investigation team was set up to reach a justified conclusion.

S Vaikundarajan, the founder of VV Minerals, pleaded innocence and stated that the allegations were a ploy by business rivals to defame his company.