Government Aims To Double Coal Production By 2020. Vaikundarajan Explains How?

The undertaking of commercial mining and sale of dry fuel is on the way as the government allots several coal mines to state-government companies.

“The Baitarni West coal mine in Odhisha, Dahegaon/Makardhokra–IV mine in Maharashtra, Maharashtra State Mining Corp Ltd and Gourangdih ABC block in West Bengal, Patal East in Jharkhand, Penagaddppa mine in Telangana are some of the mines assigned to the companies,” informs Vaikundarjan, founder of VV Minerals India, one of the leading sand beach mining companies in the country.

Furthermore, eight coal mines are earmarked for allotment of PSU’s of non-host states for sale of coal. “The allotment agreement for two coal mines, Madanpur South mine in Chhattisgarh and Suliyari mine in Madhya Pradesh, is already underway,” adds Vaikundarajan.

The Centre has identified 16 blocks for allotment to state PSUs as a means to open up the coal sector for commercial mining. These mines are – 5 in Madhya Pradesh, 3 in Telangana, 2 each in Chattisgarh, Jharkhand and Maharashtra and 1 each in Odhisha and West Bengal.

“The government intends to double the coal production to 1.5 billion tonnes by 2020. With that objective, this move seems to be the right way to go for both the mining companies as well as india’s  mining industry,”concludes Vaikundarajan.

 

 

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Government Aims To Double Coal Production By 2020. Vaikundarajan Explains How?


The undertaking of commercial mining and sale of dry fuel is on the way as the government allots several coal mines to state-government companies.

“The Baitarni West coal mine in Odhisha, Dahegaon/Makardhokra–IV mine in Maharashtra, Maharashtra State Mining Corp Ltd and Gourangdih ABC block in West Bengal, Patal East in Jharkhand, Penagaddppa mine in Telangana are some of the mines assigned to the companies,” informs Vaikundarjan, founder of VV Minerals India, one of the leading sand beach mining companies in the country.

Furthermore, eight coal mines are earmarked for allotment of PSU’s of non-host states for sale of coal. “The allotment agreement for two coal mines, Madanpur South mine in Chhattisgarh and Suliyari mine in Madhya Pradesh, is already underway,” adds Vaikundarajan.

The Centre has identified 16 blocks for allotment to state PSUs as a means to open up the coal sector for commercial mining. These mines are – 5 in Madhya Pradesh, 3 in Telangana, 2 each in Chattisgarh, Jharkhand and Maharashtra and 1 each in Odhisha and West Bengal.

“The government intends to double the coal production to 1.5 billion tonnes by 2020. With that objective, this move seems to be the right way to go for both the mining companies as well as india’s  mining industry,”concludes Vaikundarajan.

 

Jakarta Government Relaxes Export Ban On Mining Sector

“Jakarta government has decided to issue a government regulation on mining to expedite the resolution of issues faced in the mining sector,” says Vaikundarajan, founder of VV Minerals India, one of the largest mining companies in the country.

The 2009 Mining Law draft revision is still being deliberated at the House of Representatives. President Joko Widodo has request to speed up the deliberation. “The law will probably relax the current ore export ban for a limited amount of time,” predicts Vaikundarajan.

When the government of Jakarta imposed the ban on exposed of unprocessed mineral ores in 2015, it was done with an objective of pushing the development of smelters to strengthen the mining downstream sector in the country. Now, the ban has been pushed to January 2017 following complaints from the mining industry.

“Until the revision of 2009 Mining Law, a legal umbrella will be created to avoid any hiatus in the mining sector,” informs Vaikundarajan.

The relaxation of the export ban on mining sector should come as a relief to the Jakarta mining industry.

Mining Industry set to be revived, to boost growth in mineral output

According to a blueprint being prepared by the government for the mining industry, mineral production in India needs to grow by 15% every year, so that mining’s share in India’s economic output can increase by 1 percentage point in the next 2-3 years.

“For mining industry to grow, mining operations need to begin at hundreds of mines which are stalled due to delays by government in providing environmental clearances, approvals and execution of lease deeds”, reflects Vaikundarajan, Founder of VV Minerals.

The mining ministry plans to execute the lease deeds of about 70-80 mines for which approvals were granted before 12 January 2015, when the Mines and Minerals (Development and Regulation) Amendment Act of 2015 came into operation. Additionally, about 100 mines are going be auctioned shortly.

The share of the mining and quarrying industry in gross value addition (GVA) in the economy is 2.4% at present. Minerals currently account for only 0.43% of GVA. Mining output increased by 9% in 2015-16 and 10.6% in the April-July period of 2016-17, according to official estimates.

Though there is uncertainty prevailing over a recovery in mineral prices. Despite this impressive growth in mineral production in Apr-July, growth by value contracted 7.2%.

“A recovery in mineral prices will depend on demand from user industries. But India is a consuming country, where volume of output holds more importance than value”, adds Vaikundarajan.

 

VV Minerals Is Clean Says The Company

VVMineral

VV Minerals is the highest producer of Garnet and Ilmenite today. It has been awarded several national awards for its contribution to the export business.

Lately, VV Minerals reputation has suffered due to the illegal beach mining scam. Being the largest mining company in India, fingers are naturally pointed at VV Mineral. The company has taken legal advice against these allegations. While the investigation committee has been looking into the matter, no evidence has been submitted against the company.

Ashish Kumar, District Collector of Tuticorin was one of the first people to raise his concerns against the company. A raid on one of the company’s warehouse yielded no results. Following this, the distric collector was given the marching orders. However, VV Mineral Vaikundarajan was immediately blamed to have used his political influence in Kumar’s transfer.

VV Minerals’ spokesperson, speaking to NDTV, denied these allegations and claimed that the “charges made by the former District Collector are baseless, motivated and vague.”

VV Minerals has enjoyed 100% monopoly in mining activities and has a huge share in export of Garnet. Former IAS officer V Sundaram accused the company of looting several crore rupees in a letter written to the state. VV Mineral Vaikundarajan was quick to dismiss the allegation as a conspiracy by business rivals.

“Sundaram is passing this as a cruel joke. He is on the payroll of our business rival. Our hands are clean. We will soon be cleared of all allegations,” Ravindram Duraiswami, advocate for VV Mineral told NDTV.

VV Mineral Vaikundarajan Speaks To Governance India On The State Of Heavy Minerals Industry

Founded by S Vaikundarajan in late 1980s, VV Minerals is one of the largest exporters of beach minerals in India today. Ramesh Kumar Raja of Governance Today interviewed VV Mineral VV Mineral Vaikundarajan on India’s current position and its improvement in the world heavy minerals market.

Ramesh Kumar Raja: What is the size of heavy minerals market in India?

VV Mineral Vaikundarajan: India has about 35% of world deposits but contributes a meagre 4% of global production. The total beach sand resources are estimated at 942.58 million tonnes comprising of Ilmenite, Zircon, Rutile, Garnet, Silimanite and Leucoxene.

There Is No Truth About The Illegal Beach Mining Of Minerals In Tamil Nadu Worth Rs 1 Lakh Crore

VV MineralFor the local of Periyasamypuram in Tuticorin district, outrage has become a common way of living. Ever since the rumours of illegal sand beach mining, the locals have started taking the law in their own hands. Recently, some of the locals held hostage a sand mining truck of VV Mineral and battered the driver before letting him go. The police inspector of Surangudi failed to control the situation.

VV Minerals India is one of the largest sand mining companies in India. Naturally, to find itself in the midst of this controversy should not come as a surprise to anyone. However, there is no evidence to prove an illegal action on behalf of the company. VV Minerals, stated that the locals are being fed wrong information to turn them against the company.

The company is accused of illegally amassing INR 1 Lakh Crore through beach sand mining. However, it should be noted that it is practically impossible for one company to pull off a scam of such extent. Having been in existence for over two decades, these allegations surfacing now make no sense.

The company authorities also mentioned that VV Mineral Mining is legally authorised to manufacture and export Garnet with 1% Monazite content. This is due to the lack in technology for the separation of Monazite. Despite being confirmed by official bodies, the company continues to receive allegations of illegal exports.

VV Mineral, Vaikundarajan assured that in the last two decades, the company has never gone beyond the 1% threshold for monazite and has always acted within legal boundaries.