The World Nuclear Association is a global body of nuclear industry that declared India to be a home to 300000 tonnes of thorium deposit. Contrary to this report, some studies suggest that the beach minerals in India have depleted considerably. As of today, a staggering 2,00,000 tonnes of thorium oxide is reported missing in India. The monazite quantity has decreased by over 2.1 million tonnes.
A scam surrounding illegal beach mining activity has recently come to light. Being the largest producer of garnet and ilmenite, VV Mineral Mining has by default found itself in the midst of this controversy.
VV Mineral Vaikundarajan, founder, said in an interview, “The mineral rich sand is getting washed away from the Indian coastline in the absence of mining, and as a result, Sri Lanka, located further down, is reaping rich benefits at the cost of Indian industry.” The rising water-level due to global warming is already causing a lot of problems all over the world, and with the water moving in on the shores, India might be losing a lot of mineral reserve. If action is delayed, India will lose its Thorium-rich status.