Fountain Holdings Limited Partners Haske Universal Technologies

Ekiti state government through FOUNTAIN HOLDINGS LIMITED and its subsidiary FOUNATIN SOLID MINERALS DEVELOMENT COMPANY has signed a Memorandum of Agreement with HASKE UNIVERSAL TECHNOLOGIES Inc. USA, for a Joint Venture on mining and extraction of major economic solid minerals in the state such as; Granite (aggregate and polishing), Bauxite, Kaolin and some other solid minerals of economic benefit.

This provisional agreement was reached late last year when a team from Haske Universal Technologies visited Ekiti State with a follow up visit by the Managing Director of Fountain Holdings Limited, Mr Olusegun Osinkolu to Haske headquarters in New York late last year.

The project which is expected to commence in April will see Haske committing   about 15million USD to this project within the next one year to fulfil the following:

1. To carry out mining activities within the state
2. To market mineral products of the state to the outside world
3. To set up a quarry for aggregates, dimensional stone cutting and polishing.
4. To set up a Silica Extracting plant for the Bauxitic clay deposit in Orin Ekiti.

Haske has also indicated interest in other areas such as real estate development, telecommunications and other infrastructural projects in the state.

Last modified: February 14, 2013