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.
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.
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