Bogala Graphite Lanka PLC is to begin an exploration programme at its fully owned Rangala mines.

The Rangala mines situated eight kilometers southeast of the of the Bogala mines has been identified as very rich in high purity graphite. It last operated as an active mine in 1983. Bogala Graphite Lanka has applied for a license from the Sri Lanka Geological Survey & Mines Bureau for the Rangala deposits.

The financial impacts of opening up the mine are yet to be evaluated.

Bogala Graphite Lanka is the largest global producer of high purity vein graphite which has high levels of electrical and thermal conductivity due to its crystalline structure.

AMG Mining AG is the majority shareholder of this company. It is one of the world’s leading graphite producing and refining companies with mining activities in Asia, Europe and Africa.

AMG Mining AG is a subsidiary of AMG Advanced Metallurgical Group NV (AMG, EURONEXT AMSTERDAM: ‘AMG’