Iluka team returns to Sri Lanka for talks on illmenite mining
ECONOMYNEXT – A team from Australian mineral sands miner Iluka Resources Ltd. has returned to Sri Lankan to resume talks on an ilmenite deposit it wants to mine after its plans were disrupted by April’s suicide bombings.
The company, one of the world’s biggest producers of minerals sands, withdrew its project team on the island after April’s bombings of churches and hotels that killed over 250 people.
“This team returned during the quarter following safety reviews,” a statement said.
Iluka has now completed a pre-feasibility study on the Puttalam deposit on the island’s northwest coast, 170 kilometres north of the capital Colombo.
The study included work packages relating to pre-mining or baseline conditions of the Puttalam deposit.
Iluka said it has so far spent 8.3 million dollars on exploration and evaluation of the deposit.
(COLOMBO, 31 October 2019)
Kithmina Hewage- Institute of Policy Studies