Chile’s Mining Costs Highest In The World, Vaikundarajan Explains Why

Tags

, , , ,

Chile is known to be world’s largest producer of copper. However, last year, Chile was also the frontrunner in mining costs despite cutting out on several projects.
“The production cost in Chile last year was 5.4% higher than the rest of the world. Chile produces nearly 6 million tonnes of global annual production of 21 million tonnes,” says Vaikundarajan, founder of VV Minerals, one of the leading sand beach mining companies in India.
Mining cost is not the only issue Chile is affected by currently. It has also been hit by high energy costs.
Experts have predicted a rise in copper prices by the year 2021. “Copper demand is growing at a rate of 2 percent every year. There will be a rise in demand of copper by 2019,” says Vaikundarajan.
Last week, copper exceeded $6000 a tonnes. This has captured the attention of Chinese speculators and the word is out that the newly elected US President will invest in the infrastructure.
The American copper and steel demand is expected to shift, resulting in a 0.4% increase in total demand.

An App To Track Illegal Mining Is A Step Forward, Says Vaikundarajan

Tags

, , , , , ,

A mobile application is being developed to help the authorities track illegal mining activities in and around their work of operation. “The android app will be used to upload photos of suspected mines and help the authorities identify the area. The app will soon be launched by the Union Ministry of Mines,” says Vaikundarajan, founder of VV Minerals India, one of the leading sand beach mining companies in the country.
A team has been set up to investigate and carry out physical verification of every area where the earth is being dug up, irrespective of whether it is for mining activity or some other reason. The team will initiate necessary action against any act of illegal mining with the assistance of civic and other authorities.
“This new way of curbing illegal activities is a step in the right direction. Indian Bureau of Mines and Wipro have signed an agreement for development of online National Mineral Information Systems,” adds Vaikundarajan.
To further help the authorities, a Mining Tenement System is being developed. What is MTS, Vaikundarajan explains, “It will automate the concession life cycle, right from identifying the area to closing of the mine. It will connect the various stakeholders for real-time transfer of electronic files and exchange of data. The MTS will also store important data in text form.”
Today, 1854 mines out of 3844 leases of major minerals are in operation. The system will provide a star rating based on self-certification validated by IBM and vetted by the experts from IITs and IIMs.

V. V. Minerals faces Baseless allegations by activists

Tags

, , ,

V. V. Minerals is India’s largest beach and sand mining company. The position of this company has attracted a lot of attention, both positive and negative. Where on one hand VVM has plans to make India one of the leading exporters of beach minerals; on the other, it has been bombarded with allegations since its rise. Each time these allegations have been proven wrong by the VVM team. S Vaikundarajan, the Chairman and Managing Director of the company, has never given up hope on the judiciary system.

This time, an activist in Tamil Nadu, S. Mugilan has attacked V. V. Minerals with highly absurd allegations. He claims that V. V. Minerals has tried to threaten and harm the officials and social activists. To top it all, Mugilan claims that some officials and politicians are supporting the mining barons, including VVM, in their illegal sand mining activities. Vaikundarajan brushes off all these claims of the activists by saying that they’re just like empty vessels, they will only make much sound but are not backed by any proof, whatsoever.

In another similar case in the Dakshina Kannada area, Minister for Forests, Ecology and Environment, B. Ramanath Rai said, “I cannot accept bland statements that the sand mafia is active here. If there are any political party workers involved in illegal sand mining, provide specific details about the person. Action will certainly be taken against them. The party men who are engaged in sand mining are those who have been doing so for over several years now with authorised permits.” Vaikundarajan believes that every allegation of his adversaries will have to be proven in the court with specific proofs, which is impossible to find if not fabricated.

vaikundarajan-vv-minerals-no-1-heavy-mineral-mining-company-in-india-1-638

Vaikundarajan On PIL Transfer To Chennai

Tags

, , , , ,

The contents of a report submitted by a special team led by IAS officer Gagan Deep Singh Bedi concerning the illegal beach sand mining in southern districts were under scrutiny. An advocate petitioned to make the content public stating that the public had the right to know the details of the report.
Following this petition, The Madras High Court Bench has transferred the public interest petition to Principal Seat of High Court in Chennai. The petitioner in question has been seeking a direction to initiate appropriate action against the illegal mining of garnet, ilmenite and rutile from beach sand.
When several allegations were made against top mining companies, the State Government set up a special investigation team to look into the matter. One of the accused was VV Minerals India, leading sand beach mining companies in India, founded by S Vaikundarajan in the late 1980s. The investigating team conducted a detailed probe in the southern district before submitting the report. The government kept the report confidential and decided to extend the enquiry to other areas.
“The investigation was completed and report submitted in November 2013. However, no evidence of illegal activity was found against VV Minerals,” says Vaikundarajan.

VV Mineral Mining Shows His Support For Investigating Team

Tags

, , , , , , , ,

The recent allegations of illegal sand beach mining has caused quite a stir in the export industry. The state government has set up an investigation team to look into the matter. One company to find itself in the midst of the controversy is VV Minerals. Founded by S Vaikundarajan in the late 1980s, VV Mineral Mining is one of the largest mining companies in the country. It is also known to be the largest producer and exporter of Garnet and Ilmenite.

Being the biggest player in the mining industry, it doesn’t come as a surprise that all allegations are pointed at VV Mineral. However, VV Mineral Vaikundarajan makes a valid point when stating that a scam of this extent is practically impossible for one company to pull off.