February 2016:
DIC Materials, Limited began Quarry Operations at Elegbeka, Ipele along Owo /
Ifon Road, Ondo State, Nigeria. The plant has the capability of producing over 250
Tons Per Hour of crushed aggregate materials of various sizes to be used for
Building construction, Ready Mix Concrete, Asphalt and Railroad.
We plan to begin making Granite Slabs and Countertops for Kitchen, Hospital,
Offices, Churches Furnishings. Also for Cemeteries and Monuments.
May 2016:
DIC Materials, Limited completed acquisition and licensing of Iron Ore Sites in Ondo
State, Nigeria We anticipate over 350 million metric tons of Iron Ore Reserve from
these sites.
In the future we plan to build a steel manufacturing plant utilizing these assets. The
Iron Ore mining and Steel Manufacturing is expected to generate employment for
more than 500 people