The BOI signed an agreement with Plumbago Lanka (Pvt) Ltd facilitating a business venture for mining and to export value added graphite. The company plans to invest US$20 to US $78 million over the next 4 years.

Edna Group of Companies, a local firm with interests in power generation, finance companies and logistics, will hold a 25% stake in the venture. The Chairman of the Esna Group of companies, Eshana De Silva is a Director for Plumbago Lanka.