http://www.theindependent-bd.com/details.php?nid=170574
‘Country can earn forex by exporting minerals of Cox’s Bazar’
bss, DHAKA
Bangladesh could earn Taka 14,000 crore foreign exchange by exporting a deposits of at least 1.76 million tonnes of minerals in the beach sand of vast areas stretching of Cox’s Bazar district, experts said.
A total of 17 mineral sands deposits containing 23 per cent heavy minerals for an estimated reserve of about 4.45 million tonnes have been identified.
Only nine are economically viable though, said Bangladesh Atomic Energy Commission (BAEC) Chairman Mosharraf Hossain. They are: titanium, ilmenite, zircon, rutile, magnetite, leucoxene, kyanite, garnet and monazite.
He said the price of the mineral deposit could be realized through exports which have high demand in the global market.
The valuable mineral sands mostly zircon, ilmenite, magnetite, garnet and rutile could be extracted on a commercial basis from the vast areas stretching from Najirartek of Cox’s Bazar sadar to Teknaf, he said.
For a decade or so, BAEC scientists have been studying the sea beach where the minerals were found.
The minerals are scattered in an area of about 8,000 hectares of land in Cox’s Bazar district.
Many heavy minerals found in Bangladesh are in high demand, both at home and abroad. For this reason, exploiting such resources will require cooperation or a joint venture with foreign countries with experience in mineral development, Mosharraf said.
Proper exploitation of mineral resources at the Cox’s Bazar sea beach and other points along the coastal belt will open up a new vista of rapid economic development of Bangladesh, he added.
Researchers said that the world’s longest sand beach is endowed with a vast reserve of titanium, zircon, rotail and monanjitis.
Titanium is mainly used as raw material for building aircraft. It has been found at 17 points at the coastal area of Cox’s Bazar and khulna. It is possible to lift 10 lakh tonnes of elmanite from the coastal belt.
With this quantity of elmanite four lakh tonnes of titanium worth Tk 560 lakh crore can be produced, they mentioned. They further said one kilogram of titanium is now sold at 19,500 US dollars to 22,000 dollars. Mexico, India, North America and Australia are the main buyers of this mineral. Titanium is used not only for building aircraft but also for brightening the colour of paints and lifting coal from the mine.
It can fetch huge foreign currency, researchers said. Exploitation of mineral resources will also generate employment opportunities in the field of research and other sectors, they said.
In an initial survey, researchers found that each ton zircon is worth about Tk 60,000 and others on an average Tk 6,000. The mineral resources were first found in Cox’s Bazar in 1960s and later Bangladesh Atomic Energy Commission started diverse researches.
During early 1970s, a study conducted by the Australian government suggested the Bangladesh government set up a pilot plant in Bangladesh.
Probable extraction saw some development as a pilot plant with the support of the Australian government was set up in Cox’s Bazar in 1975 for segregation of mineral resources from sea beach. BAEC scientists recommended the government set up another plant on a commercial basis but no progress was made so far.
Talking to the BSS, scientific officer M Moshruzzaman of Sea Beach Extraction Centre in Cox’s Bazar said the mineral resources are now being extracted on an experimental basis and these resources are being sold too on a small scale as per the demand of various organisations in Bangladesh.
Locals expressed their opinions in favour of extraction of the valuable mineral resources saying that a number of new industries would be set up in the sea-resource areas generating jobs if the government take any step to extract the resources on a commercial basis.
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