Samaka Stones Private Limited Company has reportedly allocated close to 2.9 million USD to commence the production of 131,600 cubic meters of marble annually.

 

During the signing ceremony, State Minister of Mines Dr. Alemu Sime said marble production would contribute to the booming construction industry, the earning of foreign currency, knowledge and technology transfer.

 

As the country needs quality marble to meet the demand of the huge construction industry, we expect Samaka Stones to work toward meeting this, the state minister added.

 

He further pointed out that the government is committed to providing the necessary support and creating conducive environment for investors who engage in the sector.

 

Samaka Stones PLC General Manager, Moju Sambeswar said on his part the company will perform to fulfill the demand triggered by the huge infrastructural work in the country.

 

The agreement concluded would give Samaka Stones an exclusive right to carry out large-scale mining within the license area for the coming 20 years.

 

Source : allafrica.com