ASCOM Geology & Mining

Founded in 1981, ASEC Company for Mining (ASCM) operates in the non-metal sector, in which it is engaged in geological exploration, mining and quarrying raw materials, feeding cement and building materials industries. Its services include full geological investigation programs, complete Geotechnical investigations, geological studies, survey works, drilling works, mining planning, quarries total management, supply of raw materials and blasting services. Its products include ground calcium carbonate, glass sand, gravel for aggregates and gypsum. It has strong presence in North and East Africa, the Gulf and the Levant. In March 2011, ASEC Co. for Mining announced the exploration for gold during its excavation in three potential areas at Dish Mountain in Ethiopia.
Egyptian Performance:
To acquire 20.4% stake in UAE Ascom. Increased issued and paid-in capital to EGP350M. Market Cap: EGP 2385.8M.