Iluka to start test drilling at Sri Lanka ilmenite deposit
ECONOMYNEXT – Australian mineral sands miner Iluka Resources Ltd. has said it is preparing to drill for mineral samples and do other surveys at its Sri Lankan deposit, having completed initial environmental appraisals.
The company, one of the world’s biggest producers of minerals sands, said it is currently assessing the development of the mineral sands deposit in Puttalam on the island’s northwest coast, 170 kilometres north of the capital Colombo.
“The Puttalam project’s focus remained on government negotiations in relation to the legal and investment terms for the development,” the company said.
Iluka said funds had been approved this year to undertake a limited number of work packages.
These include collection and processing of metallurgical bulk samples, hydrogeology, drilling of boreholes and subsequent monitoring, geology and soil surveys.
The company, which produces zircon and rutile used in paints, ceramics and other products, acquired access to the Puttalam deposit before the ethnic war, left when the war intensified, and resumed exploration after the war ended in 2009.
(COLOMBO, June 07 2016)