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Leone Asset Management to acquire second granite quarry in Sierra Leone

Posted By Amanda Bayhi On February 20, 2014 @ 2:56 pm In Aggbeat Online,News | No Comments

Screen-Shot-2014-01-15-at-5.07.50-PM [1]Leone Asset Management announced Wednesday that it has signed a memorandum of understanding (MOU) to acquire the lease, managerial and operational control of second granite quarry in Sierra Leone.

The company announced in January [2] that it had signed an MOU for managerial and operational control of an operating 89.4-acre granite quarry in the country.

Leone Asset President Tony Khodadad said the new location has about 400 acres of granite.

He added that the agreement gives the company a 25-year lease with an option to renew for another 25 years at the end of the term, as well as 80 percent of the profits generated from the quarry.

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URL to article: http://www.aggman.com/leone-asset-management-to-acquire-second-granite-quarry-in-sierra-leone/

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[1] Image: http://leoneasset.com

[2] announced in January: http://www.aggman.com/leon-asset-management-to-acquire-granite-quarry-in-sierra-leone/

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