News
Entrepreneur sees massive untapped potential in our mineral sector
Sri Lanka’s mineral sector presents significant investment opportunities, particularly in graphite, mineral sands (ilmenite, rutile, zircon), and rare earth elements, driven by investor-friendly policies and the push for value-added processing, with potential exports reaching US $2 billion said Senior Economist and the Chairman of Energise Australia Pvt. Limited, Dr. Arosha Fernando.
Dr. Fernando has participated in a number of recent international investment forums, including in Taipei, the capital city of Taiwan, focusing on global economic trends and fostering new investments, especially in sectors like AI, semi-conductors, and technology, building on Taiwan’s strong economic outlook and efforts to become an Asian asset management hub.
He further learnt Taiwan’s mineral policy focus on securing critical minerals for high-tech manufacturing (semi-conductors, batteries) and clean energy, leveraging its strong downstream processing capabilities (magnets, components) through partnerships.
During the Forum, Dr. Fernando explained that the key areas for investment include high-purity graphite mining, graphene tech, advanced gem operations, and mineral sands development which is fully supported by the Board of Investment (BOI) and the new national mineral policy currently being formulated in Sri Lanka. While challenges, like regulatory clarity and past corruption concerns. exist, the focus is on attracting foreign investment for sustainable, modern mining to capture more of the island’s untapped mineral wealth, he further elaborated.
The government plans to make the maximum utilisation of its mineral resources to bolster the nation’s economic growth, and the potential for creating value-added products from these resources. Given the island nation’s rich mineral resources, the government has devised plans to expand investment opportunities.
Dr. Fernando requested the Sri Lankan government to further foster foreign investments and proposed that the state conduct a comprehensive ore reserves study to maintain transparency and informed decision-making within the industry. An ore reserve study will determine the economically recoverable quantity and quality of minerals in a deposit, involving geological modelling, data analysis (from drilling), and economic assessment to classify resources as reserves for mining, using standards like JORC or SAMREC, and is crucial for mine feasibility and planning.
Sri Lanka’s mineral export potential is as much as US $ 2 billion annually where the realised amount is only US $ 389 million as estimated by the ITC Export Potential Map, a report compiled by the Pathfinder Foundation.
“We think it makes a lot of sense for Sri Lanka as well. In Australia we know the potential of the minerals and the renewable energy sectors because much of it has already been realised. Mining, as many will know, makes a massive contribution to Australia’s economy. It’s roughly 10 percent of our GDP, more than 60 percent of our export revenue. These are huge figures,” Australian High Commissioner Matthew Duckworth said in a recent event held in Colombo that investing in minerals and renewable energy has made a lot of sense for Australia.
Commenting further on the mining sector, he said Sri Lanka had significant export potential here, including for many minerals that are only going to be in greater demand globally. We know there are graphite deposits in Sri Lanka that are renowned for their quality – crucial inputs into modern technology. We also know there are mineral sands deposits in the northern and eastern provinces.
“Now just as Australia has really benefited from the development of our minerals and most recently our renewable energy sectors, we really want Sri Lanka to benefit from this here as well. We see common interests for both our countries in this. On renewable energy for example, our view is that Australia and Sri Lanka share the same interests here,” he further added.
Latest News
Heat Index likely to increase up to ‘Caution level’ at some places in the Western, Sabaragamuwa, Southern, North-western, Northern and North- central provinces and in Monaragala district
Warm Weather Advisory
Issued by the Natural Hazards Early Warning Centre of the Department of Meteorology
Issued at 3.30 p.m. on 26 March 2026, valid for 27 March 2026.
Thw Heat index, the temperature felt on human body is likely to increase up to ‘Caution level’ at some places in the Western, Sabaragamuwa, Southern, North-western, Northern and North-
central provinces and in Monaragala district.
The Heat Index Forecast is calculated by using relative humidity and maximum temperature and this is the condition that is felt on your body. This is not the forecast of maximum
temperature. It is generated by the Department of Meteorology for the next day period and prepared by using global numerical weather prediction model data.

Effect of the heat index on human body is mentioned in the above table and it is prepared on the advice of the Ministry of Health and Indigenous Medical Services.
ACTION REQUIRED
Job sites: Stay hydrated and takes breaks in the shade as often as possible.
Indoors: Check up on the elderly and the sick.
Vehicles: Never leave children unattended.
Outdoors: Limit strenuous outdoor activities, find shade and stay hydrated.
Dress: Wear lightweight and white or light-colored clothing.
Note:
In addition, please refer to advisories issued by the Disaster Preparedness & Response Division, Ministry of Health in this regard as well. For further clarifications please contact 011-7446491
Latest News
A strong Technical and Vocational Education and Training (TVET) system equips individuals with practical, relevant, and future-oriented skills helping to innovate responsibly towards a greener and sustainable future – PM
The Prime Minister, Minister of Education, Higher Education and Vocational Education Dr. Harini Amarasuriya participated as the Chief Guest in the international conference on ’Transforming TVET Systems for climate resilience and green jobs’ organized by Colombo Plan Staff College, Philippines together with the Ministry of Education, Higher Education and Vocational Education Sri Lanka on 24 th of March at Courtyard by Marriott Colombo, Sri Lanka.
The Conference serves as the flagship event of the five-day Regional Programme on “Transforming TVET for a Digital, Green, and Inclusive Economy” (23-27 March 2026), which continues throughout the week, bringing together representatives from CPSC member countries including Bhutan, Fiji, Malaysia, Maldives, Myanmar, Nepal, Philippines, Thailand, Pakistan, and Sri Lanka, fostering high-level dialogue and knowledge sharing on climate-resilient and green skills development.
The Conference features technical and plenary sessions on climate-responsive TVET systems, green skills development, national policy frameworks, and emerging technologies shaping industry transformation.
Addressing at the event, the Prime Minister emphasized the role of Technical and Vocational Education and Training (TVET) that equips individuals with practical, relevant, and future-oriented skills in addressing climate change and shaping a sustainable future.
The Prime Minister reaffirmed that this transformation remains a national priority for Sri Lanka. She stressed that education must go beyond knowledge dissemination to empower individuals with opportunities, dignity, and the capacity to contribute meaningfully to society.
She further emphasized the need to integrate environmental sustainability into education and training systems by embedding green skills in curricula, investing in modern training facilities, promoting innovation, and fostering collaboration between training institutions and emerging green industries.
Highlighting the importance of ensuring equity the Prime Minister further stated, that opportunities arising from the green transition must be accessible to all, including youth, young women, people with special needs, and marginalized communities.
Reaffirming Sri Lanka’s commitment to working closely with regional and international partnerships, the Prime Minister emphasized the importance of transforming them to actual benefits and partnerships.
The occasion was attended by the Secretary to the Ministry of Education, Higher Education and Vocational Education Nalaka Kaluwewa, Additional Secretary (Vocational Training) Ms. Samanthi Senanayake Director General Colombo Plan Staff College Prof. Dr. Suresh K. Dhameja , TVET administrators, institutional leaders, policymakers, instructors, industry representatives, and international delegates from across the region and seniors officials and officials from Ministries.
(Prime Minister’s Media division)
News
PM reviews progress of the committee appointed for the establishment of a National Nursing University
A discussion to review the current progress of the special committee appointed under the government’s policy proposals to establish a National Nursing University aimed at elevating the nursing profession in Sri Lanka to degree level was held on 23rd of March at the Prime Minister’s Office under the patronage of Prime Minister Dr. Harini Amarasuriya.
During the meeting, the Prime Minister inquired into the progress made by the committee in relation to the establishment of the Nursing University and paid attention to the issues and views presented by the committee members.
Emphasizing that establishing a university is a long-term and complex process, the Prime Minister pointed out the importance of advancing this project in line with higher education standards, without hasty decisions, while also taking into account the existing conflicts and challenges within the university system.
The meeting was attended by the Vice Chairman of the University Grants Commission, Professor K. L. Wasantha Kumara, representatives of the All Ceylon Nurses’ Association, and officials from the Ministry of Health and Mass Media.

(Prime Minister’s Media Division)
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