VayuGrid Signs MoU to Establish Green Mine Zones in India

BANGALORE, February 7, 2013 /PRNewswire/ --

Green Mine Zones Will Lead the Way Towards Socially Inclusive and Responsible Mining

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.

About VayuGrid

VayuGrid Marketplace Services Pvt. Ltd. is a Bangalore-based company focused on building biofuel supply chains around Elite Pongamia to address the challenge of Predictability in the renewable fuel supply chain, from upstream plantation to midstream processing to downstream markets. Its elite pongamia planting material branded VayuSap™ is more superior to "ordinary" Pongamia in precocity, yield, disease resistance and specific biochemical products of industrial value.

VayuGrid is focusing its efforts on building BioEnergy Plantations around VayuSap™ in markets such as Asia, Africa and the Middle East. www.vayugrid.com 

About BVM Minerals

Headquartered in Ranchi and led by a former Coal India Director, BVM Minerals provides end-to-end solutions in Mining consultancy, Mining Exploration, Mine Plan development apart from the core business of Global Mining Operations. BVM Minerals and its team members in various capacities have been involved in the business of Mine development and Operations Management for reputed corporates like JSW, Arcellor Mittal and government enterprises like JSMDC.

BVM believes in balancing of forces, which reflects in its Philosophy of "Giving Back to Mother Earth what we take away from Her". BVM strongly endorses efforts of VayuGrid in this regard, which also synergises very well with its own core values.

Primary Media Contact: Ms. Latha Chandradeep, latha.chandradeep@vayugrid.com, 91-9886392770

SOURCE VayuGrid Marketplace Services Pvt. Ltd.