Sri Lanka’s vein graphite continues to attract foreign explorers

By Shruti Salwan
Published: Tuesday, 19 January 2016

The liberalisation of foreign investment rules and the fact that the country has refused to lower its export prices for the high purity material it produces has tempted an increasing number of overseas operators to the sector, but value addition capacity remains underdeveloped.

Sri Lanka’s vein graphite industry has been gaining prominence in the international investment community, as the number of foreign-listed companies seeking exploration licences in the country continues to grow.

According to statistics revealed by the country’s Geological Survey and Mines Bureau (GSMB), 14 international companies now hold permits to explore for...

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