February 2016:
DIC Materials, Limited began Quarry Operations at Elegbeka, Ipele along Owo / Ifon Road, Ondo State, Nigeria. The plant has the capability of producing over 250 Tons Per Hour of crushed aggregate materials of various sizes to be used for Building construction, Ready Mix Concrete, Asphalt and Railroad.

We plan to begin making Granite Slabs and Countertops for Kitchen, Hospital, Offices, Churches Furnishings. Also for Cemeteries and Monuments.

May 2016:
DIC Materials, Limited completed acquisition and licensing of Iron Ore Sites in Ondo State, Nigeria We anticipate over 350 million metric tons of Iron Ore Reserve from these sites.

In the future we plan to build a steel manufacturing plant utilizing these assets. The Iron Ore mining and Steel Manufacturing is expected to generate employment for more than 500 people