🇱🇰 Govt Charts Roadmap for Mineral Sector Under Export-Driven Policy

The Sri Lankan government hosted high-level talks chaired by President Anura Kumara Dissanayake to develop a roadmap for the mineral sector in alignment with the National Mineral Policy 2026. • Strategic Focus: Transition from exporting unrefined raw materials to establishing domestic value addition and downstream processing to boost export revenues and aid national economic recovery. • Key Minerals Targeted: Prioritizing resources such as ilmenite, rutile, and high-purity quartz. • Policy & Reform Measures: • Addressing operational hurdles, bureaucracy, and delays in mining licensing approvals. • Enhancing institutional coordination and transparency to attract foreign and domestic investors. • Offering investor incentives, improving infrastructure, and promoting R&D for domestic manufacturing. • Industry & Environmental Concerns: • Past Challenges: Sector development previously stalled due to policy inconsistencies and weak regulatory oversight. • Sustainability: Stakeholders urge strict ecological safeguards to prevent coastal erosion and habitat destruction alongside commercial exploitation. <FollowUp label="Want me to track further updates on Sri Lanka's National Mineral Policy 2026?" query="Track further updates and news on Sri Lanka's National Mineral Policy 2026 and mineral export developments."/>