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.