Lankapage Logo Recent Top Stories
CP 14 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to LankaPage.com

Leading News from Sri Lanka::

* Australian company acquires licenses for graphite exploration in Sri Lanka
Tue, Feb 11, 2014, 11:13 am SL Time, ColomboPage News Desk, Sri Lanka.

Feb11, Melbourne: Viculus Limited, a Melbourne-based company has reached an agreement to acquire five exploration licenses for graphite exploration in the Western Province of Sri Lanka.

The Company Monday announced that it signed a Heads of Agreement to acquire Euro Petroleum, which holds the contractual rights to acquire 70% of Lanka Graphite, through an issue of one Viculus share for every Euro share.

Lanka Graphite has been granted five exploration licenses over project tenements in the Western Province and has made another four exploration license applications.

Sri Lankan graphite is defined as vein or lump graphite and is unique in the world due to its purity and particle size.

Kahatagaha-Kolongaha Graphite Mine (KKGM) in Sri Lanka has been in operation since 1872, and produced over 300,000 tonnes of graphite at 90% or greater total graphitic carbon (IGC).

Sri Lanka has a longstanding reputation for its high quality crystalline vein graphite with purity levels ranging from 80-99% of carbon compared with the global average grade of 15% TGC.

ColomboPage - Recent 10 Stories
Sri Lanka Navy chief advises strengthening maritime security through a proactive strategy
Sri Lankan government not to accept money from tobacco companies
Sri Lanka to hold National Anti-Corruption Summit in Colombo
Sri Lanka AG withdraws case against Basil Rajapaksa
Jayalalithaa did much to establish a strong sense of fellowship between India and Sri Lanka - PM
Sri Lanka negotiating release of nine sailors in Yemen
Sri Lankan President condoles the demise of Tamil Nadu politician Jayalalithaa
Sri Lanka tourist arrivals increase 16 percent in November 2016
Sri Lanka Tourism kicks off an underground campaign in UK train stations
No cuts of funds from budget for Provincial Councils - Finance Minister

Copyright © 2000, 2014 by LankaPage.com (LLC) :
The news and other contents on ColomboPage are copyrighted property of LankaPage.com, LLC. Any unauthorized use of any information on ColomboPage may constitute a violation of copyright laws. You need written permission to reproduce, republish, post, transmit, broadcast or distribute, material from this site from LankaPage.com, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.