BUSINESS
Dangote, 3 coys sign cement MoU in Adamawa
Adamawa Commissioner for Solid Minerals, Mrs. Shanti Sashi, has confirmed that Dangote Group of Company and other three foreign firms had signed agreement to establish three large-capacity cement factories in the state.
“We have signed agreement with Dangote Group of Company and three others foreign companies and we are now looking for Federal Government Licence.
“The state government has approved and we are waiting for federal certificate to hand over to the investors,” Sashi said.
According to the Commissioner, the state had huge deposit of limestone and gypsum.
Sashi listed Dangote Group of Company, Smart Group, a US- based firm, BTP Swiss International and a Chinese firm as the companies that had expressed their interest in the cement deal.
She explained that Adamawa was one of the highly rich geographical areas in the world as far as mineral resources were concerned.