Wednesday, July 3, 2013

Sri Lanka releases 49 Indian fishermen

03rd July 2013 04:38 PM
Forty-nine Indian fishermen arrested by the Sri Lankan navy June 5 have been released and will return home in a couple of days, the Tamil Nadu government said Wednesday.
Tamil Nadu officials took up their issue with the Indian high commission in Colombo on the orders of Chief Minister J. Jayalalithaa, an official statement said.
Sri Lankan authorities Tuesday released 24 fishermen and the others Wednesday.
The Sri Lankan navy routinely arrests Indian fishermen, dominantly from Tamil Nadu, on charges of intruding into Sri Lankan waters.
There have also been clashes between Sri Lankan Tamil and Tamil Nadu fishermen in the sea that divides the two countries.

Bora Bora Resources increases footprint in historical graphite region of Sri Lanka

Wednesday, July 03, 2013 by John Phillips
Bora Bora Resources (ASX: BBR) has been granted exploration licences prospective for high grade graphite in Sri Lanka, with the country known to hosts some of the world’s highest grade graphite – averaging 90% total graphitic carbon (TGC).

This compares to the global average grade of 15% TGC.

The new licenses are over the Baduraliya, Neluwa and Paragoda project areas in central and southern Sri Lanka, and cover in total 156 square kilometres. Bora Bora has a plan to fly Airborne Electromagnetics over central projects.

With these additional exploration licences, Bora Bora has secured a significant ground position over and around several known historical producing, high grade graphite regions including the areas directly to the south of the Kahatagaha-Kolongaha Graphite Mine.

This mine has been in production since 1872 and produced more than 300,000 tonnes of graphite at 90% or TGC.

Bora Bora's Matale Project is directly contiguous to the Kahatagaha Kolongaha Graphite, with the project strategically positioned to potentially capitalise on export markets in China, Japan, South Korea and India.

Exploration to commence

Bora Bora now holds close to 200 square kilometres of exploration licences in Sri Lanka, with the new licenses paving the way for the company to commission airborne electromagnetic surveys.

These surveys will determine the graphite potential of the central project areas. The Matale, Paragoda North and Paragoda South projects will be the first areas targeted for airborne EM surveys.

The company said that expects to announce the commissioning of the airborne EM survey imminently.

Bora Bora has around $2.5 million in cash.
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