Conkrite Capital Corporation Announces Mining Agreement to Operate, Manage and Mine up to Five Billion Tons of Calcium carbonate in the State of Colima Mexico.
COLIMA, MEXICO.- Conkrite Capital Corporation (CCC) and Desarrollos Agropecuarios De Colima (DADC) announced today a definitive management agreement to manage, operate, and mine up to five billion tons of Calcium Carbonate in the State of Colima, Mexico.
The long-term contract will commence on the Calcium carbonate, or CaCO3 concentrate expected to be distributed throughout North America. It is anticipated that production will start at the beginning of the fourth quarter, 2022.
“This is an extremely important milestone for Conkrite Capital Corporation, Calcium Carbonate is an important compound which now more than ever will aid our agricultural production as we move away from toxic chemicals to eliminate plagues and assist plants to grow organically,” said Nicolas W. Del Valle, Chief Executive Officer.
Carla Mendoza, Vice President of Operations for Conkrite Capital Mexico, added: “The agreement with DADC ensures that administration and logistics will be seamlessly coordinated with very low operational risk. We will be creating a large workforce of great jobs and working with local authorities to strengthen and expand our relationships in the state of Colima.”
Alejandro Amezcua, President of DADC, said: “This is a great opportunity for us as an organization and for Colima as a state. We are very pleased to be working with Conkrite Capital Mexico and its head office Conkrite Capital Corporation in this development agreement which will aid and create increased benefits for the local community.”
Under this agreement, Conkrite Capital Corporation will be providing comprehensive services, including management, operations, and the capital infusion needed to meet operational goals. Having signed all paperwork, the parties are in the process of legalizing all documentation to begin work in the fourth quarter. The DADC is intended to assist the Conkrite Capital Mexico team with scheduled supervisions to evaluate, improve and conduct routine audits which will help improve overall performance as the logistical processes are put in place and fully developed.
Nicolas W. Del Valle, Chief Executive Officer for Conkrite Capital Corporation, declared: “Conkrite Capital Mining Division is happy to have concluded agreements with its strategic partners DADC and Conkrite Mexico Mining Services, that provide the Corporation with strong technical and financial capacity to undertake the acquisition and development of mining assets.”
Source: Conkrite Capital Mexico