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Ceylon Graphite gets nod from Sri Lanka’s Central Environmental Authority for graphite mining project

Bharat Parashar, the firm’s chief executive said: “This is a big step for Ceylon Graphite. The Industrial Mining License A should follow shortly”

Ceylon Graphite - Ceylon Graphite gets nod from Sri Lanka’s Central Environmental Authority for graphite mining project
Environmental approval is mandatory for any mining project in Sri Lanka as it lays out the basic terms under which the mine may be operated

Ceylon Graphite Corp (CVE:CYL) (OTCMKTS:CYLYF) said Wednesday that its wholly owned subsidiary Sarcon Development Pvt Ltd has got the greenlight from Sri Lanka’s Central Environmental Authority (CEA) for its K1 graphite mining project at Karasnagala, in Sri Lanka.

The Vancouver-based explorer said CEA approval is mandatory for any mining project in Sri Lanka as it lays out the basic terms under which the mine may be operated. The approval touches on everything from mining to rehabilitation, control of noise and vibrations, air emissions, transportation, waste disposal, erosion and dewatering of the mine.

READ: Ceylon Graphite takes further step towards mine development at Sri Lanka project with IMLB license award

In a statement, Ceylon Graphite CEO Bharat Parashar said: “This is a big step for Ceylon Graphite. The Industrial Mining License A (IMLA) should follow shortly as environmental approval was the last approval required by the Geological Survey and Mines Bureau, the mining regulator in Sri Lanka.”

Parashar indicated that the company will be able to kick off commercial production once the so called IMLA license is granted by the relevant authority of the Sri Lankan government.

IML is an Industrial Mining License and under category A, typically, some multi-borehole blasting is permitted plus the use of certain machinery and equipment like track drills, rock breakers and front-loaders. It also grants exclusive right to explore mine, process and trade in all minerals mined within the area specified by the license.

Contact Uttara Choudhury at [email protected]

Follow her on Twitter: @UttaraProactive 

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Price: 0.115 CAD

TSX-V:CYL
Market: TSX-V
Market Cap: $7.74 m
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Ceylon Graphite readying for first production in early 2020

Proactive Research analyst Christopher Ecclestone updates on the development of Ceylon Graphite Corp's (CVE:CYL) mines in Sri Lanka. Ecclestone says they've received environmental approvals for its K1 mine and has recently gained an industrial mining licence with first production likely in...

on 8/10/19

2 min read