The company has obtained mineral concessions in Sri Lanka for the mining of heavy mineral sand ores to extract and produce 37,000 metric tonne per annum of minerals such as rutile, Ilmenite, zircon, garnet, sillimanite and monazite, each yielding different quantities of titanium and small quantities of rare earth elements. 

In this regard, the company has incorporated two wholly owned subsidiaries in Sri Lanka — Midwest Heavy Sands (Pvt) Ltd and Trinco Mineral Sands Ltd. It has obtained four mineral concessions (exploration licences) with a potential to explore, develop and exploit the minerals mentioned above. 

Ilmenite and rutile, which constitute the bulk of the ore, are used as feedstocks in the production of titanium oxide and titanium sponge and the company intends to produce intermediate products, titanium slag and titanium di-oxide pigment. Titanium di oxide pigment is used in pigments and paints and titanium sponge in the making metal and alloys. Rare earth elements are key ingredients for the manufacture of high-strength magnets and semi-conductors critical for the manufacture of electronics and medical equipment. 

Monazite is a feedstock for rare earth elements that are critical for the manufacture of high-strength magnets.