CSR initiatives taken by VV Mineral

Established in 1989, V.V. Mineral is India's largest Manufacturer and Exporter of Garnet & Ilmenite. V. V. Mineral was founded by Mr. S.Vaikundarajan, Chairman and Managing Director. The company's selfless expression in every minute detail is revealed in their approach to issues involving social responsibility.

VV Mineral does a lot for the society, especially for the schools as a part of their CSR initiative

1. To collect the requirements from school and our localities

2. Order materials as per their requirements

3. Distribute all required things to schools and students.

4. Conduct medical camp in required villages and find out health issues of 

    Participants

5. Arrange further treatment in our health centre at free of cost.

a)      VVM’s CSR program will enhance the education level which will be useful for those parents who can't afford to educate their children. VVM distribute Notebooks every year by collecting the data’s from the localities and fulfil their requirements.

b)      Normally, the other company will give money to the needy /poor students to go to school. But many parents will use that money for their own purpose instead of sending the children to school. So VVM decided to buy notebooks & stationeries and give it to the needy students directly in school.

Taxes leading to reduced GDP from mining: Sanjay Pattnaik

At the annual general meeting of Federation of Indian Mineral Industries (FIMI), Sanjay Pattnaik, Executive Director of Tata Sponge Iron (TSIL), was elected as the national president of the body.

An excerpt from his interview in the meeting:

What are the challenges before the industry?

Mining involves numerous stakeholders, and hence, its revival depends on strong coordination not only between miners and the government, but also among the state and central governments.

Foremost of all, the annual cap of 30 MT imposed by the Supreme Court needs to be removed to allow the industry to grow.

India has the highest tax rates on minerals in the world. Effective tax-rate, the ratio of value of all amounts paid to the government to value of profits before taxes, is approximately 69% for operating mines in India compared to resource-rich nations like Canada (34%), Australia (40%), and South Africa (40%).

In addition to royalty, miners have to make several other payments such as DMF (30% on royalty for existing mines and 10% on royalty for auctioned mines), NMET-National Mineral Exploration Trust (2% on royalty), service tax (15% on royalty), sales tax, environment and forest levies, and other cess/taxes by local institutions, panchayats, etc.

These taxes make the domestic raw materials costly and unviable for manufacturing, leading to imports and reduced GDP from mining.

In another interview with the beach mining tycoon, Vaikundarajan, the MD and CEO of the largest beach mining company in India - V. V. Minerals, he had echoed the same thoughts. Obviously, even the beach and sand mining companies face the same issues with the policies of the government.

What is Sustainable Mining

Sustainability in resource use and allocation is vital to the economic and social welfare future of the global community. Management of environmental resources such as land, fossil fuels, water and air will become increasingly important – forcing nations to do more with less.

Sustainable mining practices should be decided keeping in mind that present generations’ needs should not be adversely affecting the future. They also should maintain equilibrium in the eco-system. Rate of depletion of non renewable resources should be judicious. There should be minimum adverse effects to the environment.

Before mining the most important exercise, to be carried out very faithfully is prospecting and exploration. Prospecting is pre mining stage operation mainly confines to sufficient evidence of mineral occurrence in respect of shape, size, quantity, quality and economics.

Exploration is a dynamic process and continues during subsistence of mining period. It is expected it should lead ahead of mining operation for consistent updating the mineral reserve.

V.V. Mineral, a heavy mineral mining company based in Tamil Nadu is one the leading companies that conduct the mining activities in a sustainable effort and indulge in activities that are held for  the conservation of natural resources and energy. For example, VV Mineral uses sea water concentration plants to save fresh water as well as use wind as a renewable energy to generate power through wind turbines.

V.V Mineral is a family grown business started by Mr. S Vaikundarajan, Founder, Chairman & Managing Director, VV Group.

Logistics At VV Mineral

V.V. Mineral the country’s leading heavy mineral mining company began its journey in the year 1989. Over the years V. V. Minerals has grown in every aspect of their business. With various awards and expansion activities, V.V. Mineral holds number one position in India. 

We have a wholly-owned fleet of trucks, tippers, dozers, and trailers move the raw materials and finished products on time. Different types of vehicles are deployed for different transportation needs, including bulk material transportation.

For handling bulk bags, they own a full-fledged crane and forklifts to help in the handling of FIBC bags in the warehouse and for loading onto the containers. Such mechanization has ensured increased handling capacity and safer handling. In addition, in-house stuffing under the strict supervision of our quality control department enhances the safety aspect.

There are three big warehouses situated near by Tuticorin Sea port i.e. 5 km of the loading berth of the seaport - is the nerve center of our export operations with a capacity to store 300,000 - 450,000 metric tonnes of heavy minerals in our warehouses. With such a high capacity storage space near to the port, VVM assures quick and large shipments.

V.V. Mineral, India is a prestigious mining firm in Tamil Nadu which has the highest production and export rate of Garnet and Ilmenite annually.

Various Facilities Offered to the Workers at V.V. Mineral

V.V. Mineral, India, one of the leading mining companies of India. It is based in Tamil Nadu and has major network all over the state. They are one of the most awarded mining companies of our country. They deal with heavy mineral mining of minerals such as Zircon, Garnet and Titanium dioxide products such as Rutile and Ilmenite. 

V.V. Mineral has five wet plants and six dry plants with huge task force always assuring the best productivity of heavy minerals. To keep these employees satisfied and motivated to produce better results, V.V. Mineral has undertaken various measures. These facilities are to ensure that both the company as well as the people working with them gain benefits of the business.  

Starting from the most basic, many V.V. Mineral employees receive accommodation facilities. They are benefitted with subsidized food prices which cost them Rs. 15-Rs.20 a day. All the employees get free medical insurance for themselves as well as their families. The wages that the employees get are higher than that of any Government body.  Employees who have children in the school going age are provided with educational aid. In addition, there is a medical checkup camp organized once a year for all the employees of V.V. Mineral.

To keep them motivated many recreational and sports activities are conducted all year round on special occasions. This encourages the team building spirit. Also, to attain efficiency in production, training is conducted on regular basis. 

How V.V. Mineral helps give a better life and future to its workers?

V.V. Mineral is India’s premier heavy mineral mining company. Established in 1989, it has gradually but always been growing in its annual performances. The company owes thanks to its remarkable work force for this achievement. In order to keep the customers and industry needs satisfied, V.V. Mineral ensures all necessary provisions are made, from the clients end and also the internal functioning of the company.  

All the employees working for V.V. Mineral India undergo extensive skill training, so as to ensure best quality work is put in to get the best quality product result. The company aspires to be the number one heavy mineral exporter in the world, currently it ranks number two globally. 

The people working in V.V. Mineral, whether from Tamil Nadu or no are provided with free accommodation. They get subsidized meals at just 15 to 20 rupees a day. They have refreshing recreational and events, like sports, safety training, team building and many others. 

They also get medical facilities that are beneficial to them as well as their families for any kind of minor illness to super specialties. Annually, every employee is entitled to one free medical checkup. In addition to that, they are provided with free medical insurance for themselves as well as family. In this facility they have 16 hospitals that they can avail free cash-less medical support. If any medical aid needs to be paid for, then they are re-imbursed by the company.

The objective is to keep the employees healthy, happy and motivated so that they can provide better service to the company.