COLOMBO, Oct. 23 -- The Board of Investment (BOI) has received 14 investment proposals worth around one billion US dollars in Sri Lanka's mineral mining sector, reflecting growing investor confidence as the country stabilizes after its 2022 debt default, BOI Chairman Arjuna Herath said.

Explaining that the proposals cover a range of mineral resources, including graphite, ilmenite, and phosphate, he said investors are waiting for the government to finalize a new national mineral policy framework before proceeding.

"So, that policy formulation is happening at this moment," Herath said. "Minerals will be one of the key sectors driving investment and economic development in the country."

Sri Lanka, which holds significant deposits of miner...