Recently, the Mining Engineers Association of India (MEAI) had requested the government of India to give freedom private mineral companies like VV Minerals, India a free hand in carrying out their operations in extracting thorium mining.
VV Minerals, India Supports MEAI’s Stance On India Allowing Heavy Mineral Mining To Grow
1. VV Minerals, India Supports
MEAI’s Stance On India Allowing
Heavy Mineral Mining To Grow
Recently, the Mining Engineers Association
of India (MEAI) had requested the
government of India to give freedom
private mineral companies like VV Minerals,
2. India a free hand in carrying out their
operations in extracting thorium mining.
Some of MEAI’s prominent members believe
that there is no logical explanation or
rational reason as to why private miners are
barred from mining thorium. Added to that,
the licensing and clearances process is time
consuming, which further affects the
progress for the industry.
Currently, Indian has a reserve of nearly
500 million tonnes of ilmenite in various
parts of the country. However, there is only
production of the heavy mineral at a
meagre 800,000 tonne annually. Similarly,
zircon has an estimated reserve of over 32
million tonne in the country, but only
35,000 tonne is being manufactured.
Lately, Justice Kapadia in an article to The
Hindu pointed out that judges should make
a balanced judgment with regard to
environmental concerns and sustainable
development. Just banning mining activities
because of a suspected illegal activity is not
3. fair to the thousands unemployed in these
areas.
Companies like VV Mineral, owned by Mr. S.
Vaikundarajan, who were falsely accused of
being a part of Thorium scam, are still
under the ban, even after the central
governments have given them a clean chit.
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