Wednesday Jan 28, 2026
Wednesday Jan 28, 2026
Wednesday, 28 January 2026 00:03 - - {{hitsCtrl.values.hits}}
The Cabinet of Ministers has approved the next phase of a proposed project to add value to rock phosphate mined by the Lanka Phosphate Company, following investor interest received earlier under a public-private partnership framework.
Cabinet approval was first granted in August 2025 to call for expressions of interest from suitable investors to undertake a value-added rock phosphate project in partnership with the State. In line with that decision, aspirations were invited and 14 submissions were received from interested parties.
Based on the outcome of the evaluation of these submissions, the Cabinet has now approved a resolution submitted by the Minister of Industries and Entrepreneurship Development to invite detailed project proposals from eligible investors shortlisted through the initial process.
The project is aimed at expanding downstream processing of locally mined rock phosphate, with a view to increasing domestic value addition and strengthening the fertiliser supply chain.
