1 / 12

A Favorable Change Is Needed For The Mining Industry

India is endowed with mineral reserves along its shore line. These heavy minerals are mined and exported out of India. Ilmenite is one such mineral that is present in abundance but, the various regulations and policies of the government do not allow the industry to develop. Therefore, help from the government is needed to relax such regulations such that it creates a favorable trade environment. This will help heavy mineral mining company to grow. VV Minerals is one of the largest companies to export Ilmenite in India.

vvmineral
Download Presentation

A Favorable Change Is Needed For The Mining Industry

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. A favorable change is needed for the mining industry

  2. Ilmenite reserves in India are in abundance along the beach coast. It is estimated to be around 348 million tonnes. http://vvmineralblog.wordpress.com

  3. In India ilmenite accounts for about 24.85 per cent of the global reserves, which are estimated at around 1,400 million tonnesbut,this is just 6% of total world’s ilmenite production. However, the bulk of ilmenite reserves in terms of titanium dioxide percentage is inferior compared to those occurring worldwide. http://vvmineral.wordpress.com

  4. Given the amount of ilmenite reserves in India if utilized to the optimum level can reap great benefits. This can only happen with suitable help from the government. http://vvmineralmining.wordpress.com

  5. One problem that continues to come in way of exports of minerals is taxation. The Ministry of Finance levies 10 per cent export duty on the sale of unprocessed ilmenite and a five per cent export duty on upgraded ilmenite. This adds to the cost and lead to unfavorable trade conditions http://vvmineral-mining.blogspot.in

  6. Technology plays a very important role in the production of ilmenite. In India technology is a barrier and discourages adoption of new and efficient methods. Moreover, power tariffs are not reasonable which again lead to increased costs for companies like VV Minerals http://vvmineralmining.blogspot.in

  7. All these situations are a barrier to the mining industry. Private companies like VV Minerals have to suffer because of this http://vvmineralblog.wordpress.com

  8. VV Minerals, one of the major exporters of ilmenitehas been into this business for quite long and it seems like nothing has changed over the years. A new shift needs to come in to foster this industry http://vvmineral.wordpress.com

  9. When India is bestowed with such valuable resources then it is better that these resources are utilized to the optimum value to give our country benefits out of it. For this to happen the Government will have to extend its support to the private Companies like VV Minerals and create a favorable trade situation http://vvmineralmining.wordpress.com

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

  11. Social Media https://www.facebook.com/vvmineralmining https://twitter.com/vvmineralsindia https://plus.google.com/b/115427745398374600571

  12. THANK YOU

More Related