Tuesday 13 March 2018

IRE Ltd ignore the low grade beach mineral mining area and thrown it to private players


Indian Rare Earths Ltd (IRE Ltd), a Govt., Company mining the beach minerals and after processing they sold within and outside India. Out of the seven minerals, monazite percentage is high in the above 3 places, hence they build the factory there. In monazite, more than 70% are rare earth elements.  A small portion of Uranium less than 0.1% to 0.3% and Thorium 7% to 9%.  Since Uranium and Thorium has radiation, this monazite is a radioactive mineral. The reason for the exclusive right being given to Indian Rare Earths Limited for handling these radio active substances is borne out of the fact that these Uranium and Thorium have “radiation effects” causing health hazards to the workers.

M/s.IREL has not shown much interest in  other areas in view of the fact that the content of the radio active substance is relatively insignificant and almost Nil.  Since there was not much demand for Garnet , Sillimanite, etc., minerals at those times , M/s.IREL did not have keen interest in searching for those beach minerals.

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