Remove some minerals from atomic list in MMDR Act: Beach miners

Beach sand miners claim move will help create jobs and lead to big forex earnings

For representation
India has large coal reserves but only one pure-play mining company, Coal India
Press Trust of India New Delhi
Last Updated : Nov 22 2015 | 12:59 PM IST
Beach sand mineral (BSM) industry has sought the exclusion of some minerals from the atomic minerals list in the MMDR Act, saying the move will help create jobs and lead to big forex earnings.

It said that excluding ilmenite, rutile, leucoxene and zircon, used in ceramics and hi-tech applications, from atomic minerals list of the Mines and Minerals (Development & Regulation) Act, 2015 will create about 5 lakh jobs and around USD 1.8 billion in foreign exchange earnings.

"They are not used in atomic energy production and the Department of Atomic Energy (DAE) de-listed them from the list of prescribed substances with effect from January 1, 2007. But they have not been de-listed from the MMDR Act," VV Minerals Managing Director S Vaikundarajan told PTI.

"Hence, we met Mines Secretary Balvinder Kumar recently to request to him to remove ilmenite, rutile, leucoxene and zircon from the list of atomic minerals in the MMDR Act," he added.

"Such a step has the potential to direct and indirect employment for 5 lakh people and forex earnings to the tune of USD 1.8 billion in the four states of Tamil Nadu, Kerala, Andhra Pradesh, Odisha and Gujarat," Vaikundarajan.

Another issue that the industry raised was that of Monazite, which contains 0.35 per cent of Uranium and 6-10 per cent of Thorium.

"We urged the government to allow BSM producers to process Monazite, with essential control exercised by the DEA and the Atomic Energy Regulatory Board. The industry can give the Uranium and Thorium to the government and sell the rare earths, which will generate employment and forex," he said.

Monazite, a mineral of Thorium and Rare Earth Element (REE) is the only commercial source of Rare Earths in the country at present.

Atomic Minerals Directorate for Exploration and Research (AMDER), part of DAE carries out exploration, establishment and development of atomic minerals in the country, including Monazite.

Indian Rare Earths, a PSU controlled by DAE, processes Monazite at its Rare Earths Division in Kerala. IREL has been processing Monazite to produce Rare Earths compounds, but in 2004 this was stopped due to lack of market, as materials became available at a much lower cost.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Nov 22 2015 | 11:57 AM IST

Next Story