The company's purpose was the exploitation of all mines or quarries located in all countries, particularly in Madagascar.

As soon as it was formed, it exercised a purchase option that my French Company had brought to it for the exploitation of the Thomson-Houston processes relating to all of the mica deposits belonging to Mr. Abek Louys, the largest producer in the world. island. In 1925, the company supplied 80% of the amber micas exported from Madagascar.

Document signed by Octave Homberg (1876-1941), administrator of the Company, diplomat, historian and French financier, member of Foreign Affairs cabinets, also secretary and administrator of the Bank of Indochina, creator of the Société Financière Française et Coloniale (SFFC) in 1920, then Crédit Foncier de l'Indochina in 1923 and president of numerous French companies with activities in the colonies.