The Sri Lanka government has announced plans to reserve the land along the Eastern seaboard from Nilaveli to Mullaitivu for the exploration and mining of heavy beach mineral. Nilaveli was until recently one of the hot spots of unrest caused by the Tamil Tigers' long struggle for an independent state.
On 24 December the Cabinet approved a memorandum submitted by the Minister of Industrial Development, Kumara Welgama, to reserve the land area exclusively for mining by Lanka Mineral Sands Limited (LMSL, a government-owned company established in 1960 as the successor to the Ceylon Mineral Sands Corporation.
The government plans to expand its operations by way of investing and upgrading the mining and processing of heavy beach minerals 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.
Source: colombopage.com
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