Sunday Observer Online
   

Home

Sunday, 3 April 2011

Untitled-1

observer
 ONLINE


OTHER PUBLICATIONS


OTHER LINKS

Marriage Proposals
Classified
Government Gazette

Pulmoddai Mineral Sands back in business



Minister Dayashritha Tissera visiting the plant during an inspection tour.

The 30-year-old war against terrorism not only destroyed lives and limbs, but also destroyed valuable national assets and factories. It also destroyed the self-sufficiency of the people in the North and the East.The Atchiveli Industrial Zone in Jaffna was also destroyed while several other factories such as the Kankesanthurai cement plant and Pulmoddai and Elephant Pass salterns were some of the key economic landmarks that were left to gather dust.

With the ending of the conflict, the fisheries and agricultural sectors have now picked up and the Elephant Pass saltern too is up and running.

Though several attempts were made to woo an investor for the cement plant it has not being successful so far.

The Pulmoddai Mineral Sands Factory, which was to be sold during the UNP government, has now resumed production. The factory has the resources to meet the demand for mineral sands.

Minister of State Resources and Enterprise Development, Dayashritha Tissera said that the Pulmoddai deposit is one of the richest mineral deposits in the world, with a very low cost of production. Almost five million tonnes of ilmenite is known to be in the region, which can theoretically be mined at the rate of 150,000 tonnes a year. In addition, rutile and zircon can be mined at the rates of 10,000 tonnes and 6,000 tonnes respectively.

"Tests have shown that this deposit can be used for another 150 years," the minister said.

He said there is another mineral deposit in Kokilai and they are formulating a plan to extract minerals from this area as well. "Unfortunately, the technology for the processing of this raw material cannot be found within the country. Hence, most of the minerals are exported to industrialised nations as raw material. However, we are looking at changing this equation and process the deposits in Sri Lanka so that the country could get more revenue", he said.

Mining in the Pulmoddai region, 52 kilometres north of Trincomalee, came to a halt in the late nineties following the sinking by the LTTE of two ships transporting ore, amid the escalating conflict.

The Minister said that there are 26 State institutions under this Ministry that fall into three categories such as profit-making, those that could be transformed into profit-making ventures, and those still running at a loss.

There are also some institutions that remain closed. "Our aim is to make all these profit-oriented organisations and also earn export revenue".

EMAIL |   PRINTABLE VIEW | FEEDBACK

www.lanka.info
LANKAPUVATH - National News Agency of Sri Lanka
Telecommunications Regulatory Commission of Sri Lanka (TRCSL)
www.army.lk
www.news.lk
www.defence.lk
Donate Now | defence.lk
www.apiwenuwenapi.co.uk
 

| News | Editorial | Finance | Features | Political | Security | Sports | Spectrum | Montage | Impact | World | Obituaries | Junior | Magazine |

 
 

Produced by Lake House Copyright © 2011 The Associated Newspapers of Ceylon Ltd.

Comments and suggestions to : Web Editor