Feb 7 2013
India will soon see Green Coal, thanks to the MoU signed between Bangalore based VayuGrid and BVM Minerals to establish "Green Mine Zones" in all mining areas across the country. BVM Minerals, an established and reputed mine developer and operator based in Ranchi, Jharkhand, and led by J P Singh, has over four decades of experience in the mining sector.
In a first-of-its-kind association, these "Green Mine Zones" will enable mining companies to take their first sure step towards Responsible Mining, which will ensure environment protection by way of improved air, water and soil quality over a period of time while developing sustainable livelihood and employment for the locals.
"The Green Mine Zones will drive compliance with policy documents framed for mandatory conservation of the environment," said J P Singh, Chairman of BVM Minerals. According to him, "VayuGrid's VayuSap™ based Zones have the potential to create a fundamental shift in the way mining and environment will be perceived in future. Most importantly, its Return on Investment (ROI)-based approach makes the Green Mine Zones economically sustainable while being socially relevant."
"J P Singh and BVM's long history in the natural resources sector, and the corporate philosophy for safety, quality and value make it the right company for VayuGrid to partner with for this sector," said Doug Peterson , CEO of VayuGrid. "In addition, BVM's deep experience in mining, trading and minerals processing make this an excellent combination for providing green mining solutions across India," added Peterson.
The first 500-acre or 2 sq.km. stretch of Green Mine Zone is expected to come up within the next six months. The next 24 months is expected to see this expand to over 5,000 acres or 20 sq.km. For mining companies, besieged by the need to be environmentally compliant, socially relevant and economically sustainable, Green Mine Zones is a means of creating value on lands that would otherwise be nothing but barren wasteland.
Source: http://www.vayugrid.com/