Madagascar 2017-11-26T10:39:11+00:00

Madagascar Project

  • The Madagascar Soalara Limestone Project is one hundred percent owned by Gulf Industrials Limited The Malagasy registered project holding company is SOALARA CALCAIRE SARL.
  • Project is located in the Toliara province of S.W. Mada and 28km south of the port city of Tuléar.
  • The Soalara limestone deposit is located immediately adjacent to the old Soalara Port in the south‐west of Madagascar, south of the Toliara port.
  • The deposit is approachable by sea and by land from the Tuléar – Antananarivo national highway along a metalled road and of late via the St Augustin ferry introduced in May 2011.
  • Apart from the intrinsic value, this location of this limestone resource makes it economically and strategically important for domestic and international supplies.
  • The project presents as a large deposit of limestone. 
  • The concession is adjacent to the port & covers an area of 1875 Hectares •
  • Estimated 765 million tonnes minable reserves to a depth of 20 m •
  • The limestone has been proved beyond 60m depth not included above.
  • The mining method will be simple open pit (quarry) mining.
  • The dimensions of the initial open cast mine will be approximately 800 x 800 x 20 meters deep.
  • The initial production rate could be two million tonnes of product per annum dependent on possible take‐off agreement & potential to 4MT Project focus to mine and sell limestone to the international market.
  • The mined limestone will be crushed and screened to required commercial product sizes and then exported via an adjacent port Temporary port at first but utilizing Government major port envisaged later.
  • There are no plans for chemical processing but the mineral has many uses and further optimization of the value chain is inevitable The various uses are numerous and there is a large shortage worldwide.

Project Details

Tulear, Madagascar



  • The aggregate produced will be of size ranges from 10 mm to 25 mm and following specific orders.
  • Mining will be open pit with 5m benches and with separate entry / exit routes for haulage / conveying of muck from the pit to the crushing plant.
  • Blasting techniques used will be controlled, environment friendly and avoid the spread of fragments and be designed for ease of handling.
  • The initial production planned of 2 million tonnes per annum has further scope to increase the production to 4 million tonnes.
  • A temporary Port will initially be operated to load barges and to transfer the limestone to the transporting vessels at sea for ultimate delivery to the end users
  • Total labour requirement estimated to consist of 78 directly employed staff


James Arkoudis

James has a background of nearly twenty years commercial experience as a solicitor. He has worked a range of practices as well as having been in-house counsel for one of the large property trust groups and a well-known finance company.

James also has wide experience in litigation matters and has acted for a number of corporate clients in this regard. James has also been a director of ASX Listed mining companies, as well as working closely on projects associated with ABSG Consulting.

Anthony Karam

Anthony is Principal and Director at Cassius Mining. He has acted as a managing director of an ASX listed mining company and currently sits on the board of two ASX listed entities in the mining and technology industries respectively. He has been instrumental in identifying, negotiating terms and documenting several significant development opportunities.