Aug 03, Colombo: Bogala Graphite Lanka PLC is starting an exploration programme at Rangala mines, the company said in a stock market disclosure.
The Rangala mines, which are wholly-owned by the company, are situated eight kilometers southeast of the of the Bogala mines.
The Rangala deposit has been identified as having significant commercial quantities of very high purity graphite. The mines were last operated as an active mine in 1983.
Bogala Graphite Lanka has applied for a mining license from the Sri Lanka Geological Survey & Mines Bureau for the Rangala deposits.
The financial impacts of opening up the mine are yet to be evaluated.
Bogala Graphite Lanka is the largest global producer of high purity vein graphite which has high levels of electrical and thermal conductivity due to its crystalline structure.
AMG Mining AG, one of the world's leading graphite producing and refining companies with mining activities in Asia, Europe and Africa, is the majority shareholder of Bogala Graphite Lanka.
AMG Mining AG is a subsidiary of AMG, Advanced Metallurgical Group NV.