UAE’s Rescom to buy 25,000 MT of ilmenite from Lanka Mineral Sands

18 June 2018 12:41 pm - 0     - {{hitsCtrl.values.hits}}

A A A

Sri Lanka’s State-owned Lanka Mineral Sands Limited is to sell 25, 000 metric tonnes of ilmenite to the United Arab Emirates-based Rescom Mineral Trading FZE.


Government spokesman, Gayantha Karunathileka, who is also the Land and Parliamentary Reforms Minister, said the ilmenite stock would be sold at US$145.25 per tonne.


The Cabinet of Ministers last week approved the sale on a proposal made by Industries Minister Rishad Bathiudeen, under whom Lanka Mineral Sands Limited comes.


Rescom, or Resources and Commodities International, headquartered in Dubai, is one of the region’s leading marketers and producers of various industrial minerals.


Ilmenite, also known as Manaccanite, is a titanium-iron oxide mineral with the idealized formula FeTiO.


From a commercial perspective, ilmenite is the most important ore of titanium. 


Ilmenite is the main source of titanium dioxide, which is used in paints, fabrics, plastics, paper, sunscreen, food and cosmetics.

 

  Comments - 0


Add comment

Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.

Reply To:

Name - Reply Comment




Land acquisitions in Hanthana and Knuckles Mountain ranges

Sri Lankans will soon lose their opportunity to boast about the rich biodiver

Wanathawilluwa forest clearance: Whodunit?

Days after the Anawilundawa Ramsar Wetland, situated in Puttalam District, ma

‘I’m scared to see her face’

On August 13, a woman happened to meet a child who was in desperate need of h

Kidneys that whisper death

A flute version of Beethoven’s ‘Für Elise’ was echoing from a distance