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::

* Australia's MRL Corporation to commence graphite drilling in Sri Lanka
Tue, Jun 10, 2014, 11:03 am SL Time, ColomboPage News Desk, Sri Lanka.

June 10, Colombo: MRL Corporation, an Australian mining company exploring graphite in Sri Lanka expects to start first drilling at its Pandeniya graphite project in from tomorrow, the company said in a market disclosure today.

MRL Corporation signed a contract with Sri Lanka's Geological Survey and Mines Bureau (GSMB) last month for diamond drilling services at its Warakapola Pandeniya / Bopitiya graphite project.

Accordingly, a drill rig from the Geological Survey and Mining Bureau has arrived on site at the Pandeniya location and the drilling is expected to begin on or around 11 June 2014.

These will test the vein graphite potential in three locations across the Warakapola Pandeniya / Bopitiya area.

The first hole, DH-1, is expected to be drilled to a depth of between 50 meters to 125 meters, while drill holes DH2 and DH3 will be up to 300 meters deep and test the continuity of vein graphite mineralization below the historical shafts and adits, the company said .

MRL Corporation has negotiated an agreement to acquire the shares of a company that holds licenses to exercise the exclusive right to explore and mine for graphite within 45square kilometer of land located in several provinces of Sri Lanka.

MRL holds 6,300 hectares of Exploration Licenses that could potentially produce 5,000tpa of vein graphite and has applied for further exploration areas surrounding its granted licenses.

Lump or Vein graphite is considered to be one of the rarest, commercially valuable, and highest quality types of natural graphite.

Sri Lanka is known as the only major producer of crystalline vein Graphite (or lump Graphite) - the highest quality of naturally occurring material in the world. The purity level of vein Graphite produced in Sri Lanka is in excess of 90% carbon and hence requiring very little upgrading and processing to produce a high quality saleable product, leading to low operating costs and high profit margins.

ColomboPage - Recent 10 Stories
Sri Lankan President hands over Buddhist relics to temples in US and Korea
-- [3 hours ago]
Commercial Bank of Sri Lanka appoints Dheerasinghe as chairman
-- [3 hours ago]
A new political front against the government forming in Sri Lanka
-- [4 hours ago]
Opposition Leader of Sri Lanka promises to create a better future for students taking GCE A/L exam
-- [5 hours ago]
Sri Lanka Chief Justice recuses himself from hearing Golden Key case
-- [6 hours ago]
Sri Lankan asylum seekers are economic migrants, Australian Minister says
-- [6 hours ago]
Sri Lanka a potential location for Japanese SMEs to invest - Japan's State Minister
-- [7 hours ago]
Sri Lanka Marxist party leader injured in an accident
-- [8 hours ago]
British High Commissioner hopes Sri Lankans will come together respecting differences of faith
-- [8 hours ago]
U.S. Embassy concerns on media freedom in Sri Lanka
-- [9 hours ago]

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.