How does heavy mineral mining affect the Economy of the country?
An overview of the heavy mineral mining industry of India
Defining Heavy Mineral Mining
Heavy mineral sands are placer deposits formed most usually in beach environments by concentration due to the specific gravity of the mineral grains
Mining of such minerals is known as Heavy Mineral Mining
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Advantages of Heavy Mineral Mining
It creates employment opportunities for local people which will significantly raise the social status of the people
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Advantages of Heavy Mineral Mining
It also leads to development of various infrastructure projects such as roads, ports, dams and others
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Advantages of Heavy Mineral Mining
The mining activities also contribute significantly to the economies of countries endowed with the minerals by generating significant export and direct government revenues
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Advantages of Heavy Mineral Mining
• Such countries also benefit from direct tax and royalty payments
• Heavy mineral mining can have economic as well as social benefits to the countries that indulge in heavy mineral mining
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Heavy Mineral Mining in Tamil Nadu, India •
Because Tamil Nadu is a coastal state, they have a lot of coastal professions that contribute highly to the state economy
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One of the chief economic contributors can be Garnet mining
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Not just Garnet, even other minerals such as Rutile, Ilmenite, and Zircon mining
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Some Facts about Heavy Mineral Mining •
In 2010, India was the leading Garnet exporter in the world
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In 2012, Tamil Nadu was the leading producer of Rutile accounting for 47% and Ilmenite contributing 52% production
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Top Companies of Heavy Mineral Mining in India
• One of the leading private heavy mineral mining companies in India is VV Mineral • VV Minerals India is a family grown business started by Mr. S Vaikundarajan, Chairman of VV Group of companies
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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
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