SRI LANKA DEPOSITS
June 1st, 2003
BY SWINEETHA DIAS WICKRAMANAYAKATHE PROSPECT of significant underwater monosite, ilmanite, rutile and zircon off the Sri Lankan coast has attracted the attention of 10 international companies, two from Australia, two from India and two from Sri Lanka.Their applications to mine the 11 heavy mineral seabed deposits, whose estimated worth exceeds US$330 million, are being considered by the island's Marine Pollution Prevention Authority (MPPA). The extent of the deposits was surveyed by a United Nations funded study. This revealed that that there are more than l70 ...
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