Announcement of Akshardham Stone India Company readiness for mining cooperation with Kowsar Mines Group

Announcement of Akshardham Stone India Company readiness for mining cooperation with Kowsar Mines Group

According to public relations of Kowsar Mining Co, Akshardham Stone India executives and technical experts visited the group's mines last year and expressed their willingness to launch bilateral cooperation and cross-visit with Siasi Rad managing director and Darabi board member. The MOU was signed on 14/05/2019.

In accordance with the terms of this Memorandum, in the first step, Akshardham Stone Company will take part in a limited period of time following the conclusion of the contract as a contractor for preparation, equipment and operation in the new workshops of the Azna Mining Complex. In the second step, based on the results and experiences of the first step, and following the necessary legal and contractual arrangements, a Joint Venture (JV) will be set up to extract, process and trade all types of ornamental stones and prospecting mines on both sides.