Tuesday, 28 June 2016

None Of the Allegations Against Company Are True, Says VV Minerals India

VV Minerals India has made a name for itself in the sand mining industry. It has won several national awards for its contribution to the export business. It is also the largest manufacturer and exporter of Garnet and Ilmenite in India. The company was established by VV mineral Vaikundarajan in the late 1980s and has grown under his tutelage. However, the recent scam surrounding illegal beach sand mining has put the company’s reputation at stake.

Following the allegations, the district collector of Tuticorin in Tamil Nadu, Ashish Kumar conducted a raid on VV Mineral warehouse. The raid was unsuccessful and Ashish Kumar received the marching orders. His previous assignment lasted only 45 days. VV Mineral Vaikundarajan was accused of using his political influence to initiate the transfer.

The company is further accused of exporting Thorium, a strategic nuclear fuel that is banned from exporting. VV Mineral Vaikundarajan cleared the controversy stating that the technology to separate Monazite from Ilmenite in sand doesn’t exist. The company is still seeking permission from the government to set up a plant for separating Monazite and Thorium from Ilmenite.

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