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For graphite exploration:
BOI signs with Sarcon Development
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Anuka Bandula Anthony, Chairman of Sarcon Development (Pvt) ltd
formally receiving the Certificate of Registration from Anura
Jayasinghe, acting Chairman, BOI.
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The BOI signed an agreement with Sarcon Development (Pvt) Ltd for a
project that will engage in graphite mining and processing. The project
would begin with technical assistance from GSMB, the state body
responsible for graphite and Sarcon Development (Pvt).
It has entered into the agreement to conduct a geological survey for
graphite exploration.
The agreement was signed by Anura Jayasinghe and Sanjeewa
Wickramanayak, Board Members on behalf of the BOI and by the Chairman of
Sarcon Development (Pvt) Ltd, Anuka Bandula Anthony Soza who initiated
the project with Jim Ratnam, Chairman-Assignments (Pvt) ltd. Jody Paul
Lenihan, from Canada will be the Chairman and Managing Director of
Sarcon Development (Pvt) Ltd representing Plumbago refining Corp B.V.
The main investor is Plumbago Refining Corp B.V, a company registered
in Curacao. Initially US $ 15.2 million will be invested in the project.
This is the first company in Sri Lanka that will engage in value
addition of graphite for export and the company will pay 5 % of the
value of the extracted graphite to the Geological Survey and Mines
Bureau, thus bringing revenue to the country. |
