BOI signs agreement for graphite mining venture

14 November 2012 05:46 am - 0 - {{hitsCtrl.values.hits}}

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The BOI signed an agreement with Plumbago Lanka (Pvt) Ltd facilitating a business venture for mining and to export value added graphite. The company plans to invest US$20 to US $78 million over the next 4 years.

Edna Group of Companies, a local firm with interests in power generation, finance companies and logistics, will hold a 25% stake in the venture. The Chairman of the Esna Group of companies, Eshana De Silva is a Director for Plumbago Lanka.

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BOI signs agreement for graphite mining venture

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