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First Graphite receives industrial mining license for Pandeniya graphite project

First GraphiteLtd. said April 7 that the Geological Survey and Mines Bureau grantedthe industrial mining license for the Pandeniyagraphite project in Sri Lanka.

The approval came a month after the company the nod from the Central EnvironmentalAuthority for the project.

"It is our understanding this will be the first new underground"A" class industrial mining license issued for 25 years and the firstto include a full environmental review," Managing Director Craig McGuckin said.

First Graphite expects to start underground mining operationsat Pandeniya this month.