The State Resources and Enterprise Development Ministry is currently in engaged in drawing up the plan for the project.

State Resources and Enterprise Development Minister Dayasritha Tissera said that the plan once prepared would be handed over to President Mahinda Rajapaksa. The project would be implemented once President's approval is received.

It has also been planned to set up new machinery worth US$ 70 million in the Pulmoddai Mineral Sands Company to increase its production capacity.

According to Minister Tissera, the Mineral Sands Company had recorded a profit last year and is now aiming at earning revenue of Rs. 7 billion. The enterprise had recorded a Rs. 85 million loss in 2006.

The Corporation currently exports mineral sand to Russia, Japan, US and the UK and is to venture into value added export products.