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Sri Lanka’s Kahatagaha Graphite mine to seek partner to add value

ECONOMYNEXT- Sri Lanka’s state-run Kahatagaha Graphite has been given the clearance to seek an investor to add value to production, the state information office said.

Industries and Supply Chain Management Minister Wimal Weerawansa has proposed to call competitive bids to find a partner to add value to the mined graphite.

The state firm is mining about 65 to 70 tonnes of graphite a year, and the entire output is exported in raw form, he has told the cabinet.

The cabinet of ministers had approved the proposal to seek expressions of interest from prospective investors.

The Sri Lanka Institute of Nano Technology, a public-private partnership research institute, has made advances in creating graphene, a high value product made from oxidizing graphite. (Colombo/Feb06/2020)

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