The Federation Declares That Closing Down The Mining Industry Has Procured Losses To 50,000 People

The Federation Declares That Closing Down The Mining Industry Has Procured Losses To 50,000 People

Following the ban imposed on the heavy mineral mining industry due to allegations of malpractices on over 20 private players, a livelihood of about 50,000 families has said to be distraught.

The federation of beach mineral producer’s association has appealed to the government to lift the ban because since this is a labor intensive industry the ban will not only affect the mining companies but also a lot of local people living in areas where mining is conducted. Besides, this will also hamper the international trade and the buyers might settle for other countries since the supply is cut down from India.

Private mining companies like VV Minerals owned by Mr. S. Vaikundarajan, was accused of being involved in a thorium scam. But after the investigation was complete it was found that the scam was a hoax and it was planted by a group of miners in a personal rivalry with the accused mining companies.

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