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PRE-FEASIBILITY GRANITE QUARRY PROJECT 2010 3 SUMMARY 1.1 This feasibility study is conducted for establishment of Granite Quarrying Project. 1.2 The initial cost of the project is Rs 81,700,600/=, including initial working capital of Rs. 9,200,600/=. 1.3 The project break-even sales are Rs. 32,133,373 1.4 The internal rate of return is 49.7% per annum.
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The planned facility requires an Environmental and Social Impact Assessment (ESIA). Project Location The cement plant and limestone quarry will be located on a 580 hectare and a 614 hectare sites respectively both adjacent to Onigbedu Community and the near Itori in Ewekoro LGA, Ogun State, Nigeria (refer to Figure 2 below).
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EXECUTIVE SUMMARY - European Investment Bank
The limestone quarry project is being sponsored by Dangote Industries Ltd, which is an indigenous firm headquartered at #1 Alfred Rewane road, Falomo Ikoyi Lagos, Nigeria.
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