The following presentation talks about the Business Standard news story which was published on June 3, 2014, stating that the leading industry player, VV Minerals feels that the ban on mining activities has led to the unemployment of 50,000 people in Tamil Nadu. It also provided information about their mining activities in India. They are the largest Ilmenite manufacturers and exporters in India. They are the first private ilmenite exporters of India. VV Minerals India has a huge market share in Europe, Middle East, East Asia, Australia and USA. They are based in Tamil Nadu and the company is owned by Mr. S. Vaikundarajan. Mr. V. Subramanian the Managing Director of VV Minerals, also spoke about a few challenges the industry currently faces.
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Ban On Mining Activities Responsible For Unemployment - VV Mineral V SUBRAMANIAN
1. BAN ON MINING ACTIVITIES
RESPONSIBLE FOR
UNEMPLOYMENT - VV
MINERAL V SUBRAMANIAN
-News Reports On Various Publications
2. Three news stories covered by Business Standard, Financial Express
and Tamil Nadu Everyday published on June 3, 2014, stated that V.
Subramanian, Managing Partner Of VV Minerals, India declares the
ban on mining activities in Tamil Nadu is responsible for
unemployment of 50,000 people.
http://vvmineralblog.wordpress.com
3. What the news stories talk
about…
About a year ago in August 2013
the government of Tamil Nadu
implemented a ban on beach
mineral mining
The leading private mining
companies like VV Minerals, India
were forced to halt their mining
activities in Tamil Nadu
Approximately 50,000 local people
lost their jobs out of which 15,000
worked for VV Mineral
http://vvmineral.wordpress.com
4. The Heavy Mineral Mining Industry:
Overview
In India Tamil Nadu is the largest contributor of heavy minerals,
with about 85% of the total exports of 6.5 lakh tonnes of garnet
75% of the beach mineral mining in Tamil Nadu is conducted by
VV Mineral
VV Mineral is the country’s largest mining manufacturer and
exporter of garnet and ilmenite
http://vvmineralmining.wordpress.com
5. What the Veterans have to say…
Valuable inputs by an eminent
industry player, the Managing
Director of VV Mineral, V.
Subramanian enlightened the
readers about the real
challenges faced by the
company and the industry
overall.
http://vvmineral-mining.blogspot.in
6. The Financial Express, Business Standard and Tamil Nadu everyday news reports
state that the chairman of VV Mineral, V. Subramanian declared the following facts:
• The country is loosing forex amounting to at least Rs 10,000 crore a year
• beach mining is ‘replenishable’; in the absence of mining, such minerals are
being carried away by sea waves and as a result, Sri Lanka, located further down, is
reaping rich benefit at the cost of Indian industry
• The ban on mining is impacting Indian firms' reputation as trusted partners with
customers overseas. It is causing an annual loss of around Rs 300 crore to the state
exchequer as well
• The reopening of the mines could attract some few hundred crore of investment
in the sector in Tamil Nadu
http://vvmineralmining.blogspot.in
7. “The local industry is nearly without job as a result of the ban that was
effected in August last year. It has rendered joblessness to around
50,000 people including 15,000 of ours"
- V. Subramanian, Managing Partner, V. V. Minerals
http://vvmineralblog.wordpress.com
8. More about VV Mineral
VV Mineral is India's largest Mining, Manufacturer and Exporter
of Garnet & Ilmenite. At the global level, VVM is poised to rise
above the number two position.VVM is the first private Ilmenite
Exporter in India.
Established in 1989, the company have achieved significant
market share in Europe, Middle East, East Asia, Australia and
USA.
V.V. Mineral is a family grown business started by Mr. S
Vaikundarajan, Founder, Chairman & Managing Director, VV
Group.
To know more about V. V. Mineral you can visit our website:
http://www.vvmineral.com/about.htm