Sri Lanka plans to reserve the liberated eastern coast for sand mining
Wednesday, December 24, 2008, 18:49 GMT, ColomboPage News Desk, Sri Lanka.
Dec 24, Colombo: Sri Lanka government plans to reserve the land along the Eastern seaboard from Nilaveli to Mullaitivu for exploration and mining of heavy beach mineral.
The Cabinet today approved a memorandum submitted by the Minister of Industrial Development, Kumara Welgama, to reserve the land area exclusively for mining by the Lanka Mineral Sands Limited (LMSL).
Lanka Mineral Sands Limited, a fully government owned company was established in 1960 as the successor to the Ceylon Mineral Sands Corporation.
The government plans to expand its operations to by way of investing and upgrading the mining and processing of heavy beach minerals and go for value added products such as Ferro-Titanium, Titanium Slag, Titanium Sponge, TiO2 pigments and welding electrodes, the government said. Currently its activities are limited only to mining and processing ilmanite, rutile and zircon.
The project will be implemented as a joint venture with Stork Handelsges of Austria.
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