• Investing
  • Stock
  • Editor’s Pick
  • Economy
  • Latest News
Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.

    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!
    Popular Topics
    • MACD + ADX: Spot the Pullbacks Worth Trading
    • S&P 500 Slide Explained: What Past Price Action Reveals About Market Dips
    • Trump has not directed administration to declassify Biden documents on health ‘cover-up’
    • White House decries ‘evil of antisemitism,’ vows justice after fatal shooting of Israeli embassy staffers
    • GOP holdouts sound alarm on $36T debt crisis as Trump’s ‘big, beautiful bill’ passes House vote
    • About us
    • Privacy Policy
    • Terms & Conditions
    Safe Retirement News
    • Investing
    • Stock
    • Editor’s Pick
    • Economy
    • Latest News
    • Investing

    Terms of Reference for Enviromental Study Provided for Mannar Heavy Mineral Project

    • March 26, 2025
    • admin

    Titanium Sands Limited (“TSL”) is pleased to announce the progression of the approval processes for its Mannar Heavy Mineral Project in Sri Lanka, following the release by the CEA of the Terms of Reference for the Mannar Island Environmental Impact Assessment (EIA).

    • Central Environment Authority (CEA) has provided the Terms of Reference (ToR) for the environmental assessment of the Mannar Heavy Mineral Project following site visits and input from 35 regulatory bodies and government departments
    • The ToR contains the requirements for the environmental studies for an Environmental Impact Assessment (EIA)
    • On completion of the EIA, the Geological Survey and Mines Bureau (GSMB) will then be in a position to issue an Industrial Mining License (IML) for the Project
    • The ToR outlines environmental, heritage, social and economic requirements necessary for GSMB approval of the IML
    • TSL is focused on delivering economic benefits to the people of Mannar, through job creation and generational wealth, while preserving cultural heritage and protecting the environment

    The release of the ToR on 20 March 2025 followed a series of CEA meetings and presentations, culminating in the Scoping Presentation on 22 August 2024 and the Scoping Site Visit on 19 February 2025 by stakeholders in the Project. Submissions made by stakeholders at both the scoping meetings have been included in the ToR which forms the basis of the requirements of the EIA.

    TSL’s Managing Director, Dr James Searle said“the release of the ToR is a significant step forward in the regulatory approvals process for this Project. The Project will deliver a high-grade mineral sands operation that will create significant employment opportunities and become a source of wealth for local communities, as well as a significant boost in revenues to the Government of Sri Lanka.

    TSL is focused on delivering a low impact environmentally friendly project, with the highest levels of social awareness and inclusion. As heavy minerals have been mined for decades on the Sri Lankan mainland, TSL looks forward to building on the size and quality of the industry making a significant impact to the economic benefits of Sri Lanka”.

    Next Steps

    ToR

    The ToR has been prepared on input from 35 departments and regulatory bodies within Sri Lanka’s Government. TSL’s EIA consultants will be required to address the following as outlined in the ToR:

    • Overview of the proposed project and reasonable alternatives
    • Report on existing environment and surrounds
    • Report on anticipated environmental impacts
    • Prepare an Environmental Management Plan (EMP) and monitoring program
    • Assess all aspects of nature and wildlife restrictions
    • Host community consultation and engagement.

    The ToR also requires a report on any areas beyond the project site where there is potential for environmental impacts.

    Environmental Impact Assessment

    The EIA process will commence immediately. The EIA consultants will now be in a position to prepare a draft EIA to address the requirements of the ToR. The EIA will address baseline and impact assessments, mitigation measures and proposed strategies and management plans culminating in an efficient and environmentally successful project. The final EIA submission for GSMB review and approval is expected mid 2025, with support from government agencies and community groups.

    As part of the EIA process, community consultation and comment will be undertaken with Mannar communities ensuring any other issues or concerns are addressed in the EIA.

    Recent meetings with all of CEA, GSMB and Board of Investment (BoI) in Sri Lanka have led to the understanding that on completion of the EIA, formal IML approval would be granted in a timely manner.

    Click here for the full ASX Release

    This post appeared first on investingnews.com

    admin

    Previous Article
    • Economy

    ‘Eat now, pay later’? DoorDash-Klarna deal fuels concerns around loans for takeout

    • March 26, 2025
    • admin
    View Post
    Next Article
    • Investing

    High-Grade Discoveries Enhance Scale of Pelé Project

    • March 26, 2025
    • admin
    View Post

      Become a VIP member by signing up for our newsletter. Enjoy exclusive content, early access to sales, and special offers just for you! As a VIP, you'll receive personalized updates, loyalty rewards, and invitations to private events. Elevate your experience and join our exclusive community today!


      By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

      Popular News
      • MACD + ADX: Spot the Pullbacks Worth Trading
      • S&P 500 Slide Explained: What Past Price Action Reveals About Market Dips
      • About us
      • Privacy Policy
      • Terms & Conditions

      Input your search keywords and press Enter.