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Ban On Mining Activities Responsible For Unemployment - VV M

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 M

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  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 lakhtonnes 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

  9. VV Mineral Blogs http://vvmineralblog.wordpress.com http://vvmineral.wordpress.com http://vvmineralmining.wordpress.com http://vvmineral-mining.blogspot.in http://vvmineralmining.blogspot.in

  10. Social Media Sites https://www.facebook.com/vvmineralmining https://twitter.com/vvmineralsindia https://plus.google.com/u/0/b/115427745398374600571/115427745398374600571

  11. THANK YOU

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