World Nuclear Association (WNA), a global body of nuclear industry, reported that India hosts up to 3,00,000 tonnes of Thorium deposit. Unfortunately, the beach minerals in India have seen a significant decline in the last few years. Going by the reports, close to 2,00,000 tonnes of Thorium Oxide stands missing in India. Additionally, monazite quantity along the Indian coastline has seen a decrease by more than 2.1 million tonnes.
It is a known fact that VV Minerals India is one of the largest producer of Garnet an Ilmenite. When the reports of missing Thorium Oxide were circulated, naturally, fingers were pointed at one of the biggest exporters in India. The company finds itself surrounded by allegations concerning illegal beach sand mining as stakeholders scrutinize a possible scam.