Titanium Sands is a significant step closer to securing a mining licence for its $545 million Mannar Island heavy mineral sands project in Sri Lanka after landowners affected by the operation signed land access agreements. The company describes the agreements as a milestone moment that takes it further towards completing its environmental impact obligations at the site.
The FTSE 100 index closed Thursday down 1.2% to 7499 points, the worst performer among European peers on the back of disappointing trading updates as sentiment remained fragile due to the mounting.