Thursday, 21 May 2015

The Thorium Scam Is More Real On Paper Than In Reality: VV Mineral

VV Minerals Vaikundarajan says that they were caught at a vulnerable and opportune time in the last 20 years when their licensing renewal was in a flux. However, even if the licensing reissuing has been deferred the thorium scam of the alleged illegal heavy mineral mining is a calculative conclusion on paper and does not have a shred of relation to the reality of the matter at hand.

VV Minerals was brought under the scanner at a time when the company had lapsed on renewing a few licenses. In the business world this may be viewed as just a one-off administrative slip-off.

However, owing to the success of the mining company in the last 2 decades which has been pricking their rivals and so many have come together to cause a successful defamation of the company and those involved.

VV Minerals India has been in the mining business for twenty years and is well aware of the benefits it has to offer in sense of business. However, they have always practiced caution in remaining well within the limits of legal laws.

As per a report submitted by Prof Rajamanickam the monazite from Manavalakurichi contains 12% thorium and that Manavalakurichi is home to world’s 30% thorium deposits. According to World Nuclear Association (WNA), the global body of nuclear industry, India is home to 3,00,000 tonnes of thorium deposit.

Thus, on paper strictly the value of the 30% thorium reserves of the world at Manavalakurichi is 720 times more than the 2G spectrum scam. This should thus prove that the figure of 96,000 crores which is attached to this alleged illegal mineral mining thorium scam is actually a calculated figure and has no existence in reality at all.

Another interesting point made by Prof. Rajmanickam is that the Department of Atomic Energy (DAE) controls the sand along the coastline because of the presence of elements like zircon, thorium and ilmenite out of which other than thorium all other minerals can be officially extracted and exported by anyone who holds a legal license to do so.

To prove that this is a definite framing of VV Minerals here’s a quote from a mineral scientist - H Nell’s research paper

“Heavy mineral deposits often contain relatively high levels of radioactive elements (thorium and uranium). It is difficult to obtain clean separation of ilmenite and monazite and physical intergrowths of the two minerals are not uncommon. As a result, ilmenite concentrates obtained from such deposits often contain high levels of thorium and uranium.”

Thus VV Minerals India wants to know that if monazite is an unavoidable byproduct of legal mining processed then what point of content is it on which they are basing their claims of a thorium scam?

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