Sport Investors League
  • Politics
  • Stocks
  • Investing
  • Business

Sport Investors League

  • Politics
  • Stocks
  • Investing
  • Business
Investing

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

by admin March 26, 2025
March 26, 2025
Terms of Reference for Enviromental Study Provided for Mannar Heavy Mineral Project

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

0
FacebookTwitterGoogle +Pinterest
previous post
Silver Tiger Metals Inc. Announces Bought Deal Financing
next post
High-Grade Discoveries Enhance Scale of Pelé Project

Related Posts

Approval to Mobilise and Commence

October 16, 2024

REPEAT — Independent Survey Confirms Public Support for...

March 19, 2025

RUA GOLD permit and access extended for five...

July 9, 2024

Further High-Grade Gold Results Received from Cork Tree...

July 23, 2024

Thick High-Grade Graphite Drilling Results In New Zone

May 23, 2025

NorthStar Gaming Announces Equity Incentive Awards

June 1, 2024

CNN Fear and Greed Index Plunges to Lowest...

April 12, 2025

Altech Batteries LimitedAcquisition of Additional Investments CERENERGY and...

February 28, 2025

NVIDIA Stock Earnings: What You Need to Know

May 23, 2024

Trump’s Sweeping Tariffs Ignite Global Trade War, Drawing...

April 4, 2025

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


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

    Recent

    • Applying Key Ratios to the Broader Market Surge: Are We at the Threshold of a New Trend?

      May 24, 2025
    • Moving from Thrust Signals to a Bull Market

      May 24, 2025
    • What Happens When the S&P 500 Breaks Below Gap Support?

      May 24, 2025
    • Automate Your Scans with Ease! Sample Scan Library + Scheduled Scans Walkthrough

      May 24, 2025
    • 3 Stocks to Watch While Everyone’s Staring at NVIDIA

      May 24, 2025

    Categories

    • Business (947)
    • Investing (2,236)
    • Politics (2,778)
    • Stocks (1,032)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: sportinvestorsleague.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 sportinvestorsleague.com | All Rights Reserved