Philippines? To Shut Down 30 Mines, A Bold Move, Says Vaikundarajan

Posted by Ankush Trivedi on September 29th, 2016

The Philippines have set a standard for players in the mining market. “After suspending 10 mines last month, Philippines have ordered a suspension against 20 more mines for environmental violations. Other top supplier of nickel ore have promised to pursue strict standards to maintain an environmental balance,” says Vaikundarajan who has been at the helm of VV Minerals, a leading sand beach mining company in India, for over 20 years.

The president of Philippines, Rodrigo Duterte, assured that the country could survive without a mining industry and achieving an environmental balance was very necessary.

“18 of the 30 mines to be closed are nickel producers that account for 55.5 percent of Philippines’ total nickel ore output. Considering the numbers alone, this is a very bold move from the authorities and sets a right example for others to follow,” explains Vaikundarajan.

VV Minerals has been in operation for two decades and sets an example for leading players by adhering to environmental clearance in and around their plants. The company has a dedicate cell to ensure the safety of employees as well as environment. “Mining industry is big and important for the GDP of our country. At the same time, we must not take environment for granted. Without a healthy environment, we would not exist. A benchmark has been set for all of us,” states Vaikundarajan.

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