ECONOMYNEXT – Sri Lanka’s Board of Funding has seen robust investor curiosity in mineral mining with 14 proposals price billion {dollars} coming into the company, Chairman Arjuna Herath mentioned.
Traders have been awaiting a coverage framework from the federal government.
“So, that coverage formulation is going on at this second,” Herath mentioned. “Minerals can be one other sector and business that actually will drive our investments within the nation and, financial growth on this nation.”
Sri Lanka is seeing investor inquiries and stronger curiosity from overseas buyers because the nation recovers from default they usually see political and financial stability, he mentioned.
Sri Lanka has mineral sands which are actually exported in uncooked and varied graded varieties with royalties on the exported costs and a few complicated worth addition necessities.
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Native mining corporations have mentioned prior to now the royalties are far increased than international locations like Australia and mining licenses are too quick time period, deterring buyers.
Mining licenses in profitable international locations are given for 10 to fifteen years, business officers have mentioned.
Areas like graphite have been among the many first minerals that have been exported by indigenous entrepreneurs throughout British rule however they have been later expropriated.
(Colombo/Oct23/2025)
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