Close Menu
MarketForces AfricaMarketForces Africa
    What's Hot

    Naira Swings Narrow Exchange Rate Gap Across FX Markets

    July 5, 2026

    Recent Nigerian Market Losses Expose Hard Lessons Every Investor Must Learn

    July 5, 2026

    Nigerian Bonds Sell Off as Markets Await Q3 Borrowing Plan

    July 5, 2026
    Facebook X (Twitter) Instagram
    Trending
    • Naira Swings Narrow Exchange Rate Gap Across FX Markets
    • Recent Nigerian Market Losses Expose Hard Lessons Every Investor Must Learn
    • Nigerian Bonds Sell Off as Markets Await Q3 Borrowing Plan
    • Ripple Dips Amidst Surge in XRPUSD Long Position on Bitfinex
    • VAT Income Boosts Nigeria’s Non-Oil Economy, Analysts Positive on Outlook
    • Dangote Cement Plans Capacity Boost, Targets 20% Emission Cut
    • CBN to Open N700bn in Treasury Bills for Subscription, Rates to Stay Elevated
    • Naira Destiny Ties to Hot Money Equation – High Interest Rate, Foreign Capital
    • Home
    • About Us
    Facebook X (Twitter) Instagram LinkedIn WhatsApp TikTok Telegram
    MarketForces AfricaMarketForces Africa
    Subscribe
    Monday, July 6
    • Home
    • News
    • Analysis
    • Economy
    • Mobile Banking
    • Entrepreneurship
    MarketForces AfricaMarketForces Africa
    MarketForces Africa » MarketForces News » Akwa Ibom Shuts Down Illegal Chinese Mining Company

    Akwa Ibom Shuts Down Illegal Chinese Mining Company

    Marketforces AfricaBy Marketforces AfricaAugust 30, 2023Updated:August 30, 2023 News No Comments2 Mins Read
    Akwa Ibom Shuts Down Illegal Chinese Mining Company
    Uno EnO
    Share
    Facebook Twitter LinkedIn Pinterest Email Tumblr Reddit Telegram WhatsApp Copy Link

    Akwa Ibom Shuts Down Illegal Chinese Mining Company

    The Akwa Ibom Government has closed down a Chinese mining firm, Ruitai Mining Company, for failing to produce an operation licence. Chief Uno Etim Eno, the state’s Commissioner for Environment and Mineral Resources, Chief Uno Eno, said this when he briefed newsmen in Uyo.

    Eno said that the firm could not provide authorisation documents for titanium ore mining in Ibeno community of the state. He said that the company had been mining titanium ore quietly in the area, before it was intercepted and ordered to produce relevant documents.

    He added that during an inspection, it was discovered that the firm could not produce a mining license as well as an Environmental Impact Assessment (EIA) report to show impact of its operations on the host community.

    “The joint ministerial inspection team included the Permanent Secretary, Mrs Iquo Abia, on arrival at Ibeno community, were conducted round the mining site by the Chairman of Ibeno Local Government Area, High Chief Williams Mkpa.

    “The team discovered black clay-like minerals contained in sacks of 50kg, which was identified by the miners as titanium ore.

    “On critical examination of the site amidst tight security, the Managing Director and Director of the company, Zeng Zhonghuan and Huang Ying, were not available at the site. The available staff members could not provide any information or documents,” Uno said.

    Uno said that the Ministry of Environment discovered that the company was purely an exploration company while the Board of Directors were all Chinese nationals who were not eligible to acquire the small-scale mining licence as claimed.

    “Ruitai mining company should terminate its mining operations forthwith until due clearance legitimising its operation is completed with the state government,” he said. #Akwa Ibom Shuts Down Illegal Chinese Mining Company Nigeria Eurobond Slumps after CBN Resumes OMO Auction

    Chinese Mining Company
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Marketforces Africa
    • Website
    • Facebook
    • X (Twitter)
    • Instagram
    • LinkedIn

    MarketForces Africa, a Financial News Media Platform for Strategic Opinions about Economic Policies, Strategy & Corporate Analysis from today's Leading Professionals, Equity Analysts, Research Experts, Industrialists and, Entrepreneurs on the Risk and Opportunities Surrounding Industry Shaping Businesses and Ideas.

    Keep Reading

    Naira Swings Narrow Exchange Rate Gap Across FX Markets

    Recent Nigerian Market Losses Expose Hard Lessons Every Investor Must Learn

    Nigerian Bonds Sell Off as Markets Await Q3 Borrowing Plan

    Ripple Dips Amidst Surge in XRPUSD Long Position on Bitfinex

    VAT Income Boosts Nigeria’s Non-Oil Economy, Analysts Positive on Outlook

    Dangote Cement Plans Capacity Boost, Targets 20% Emission Cut

    Add A Comment

    Comments are closed.

    Editors Picks

    Naira Swings Narrow Exchange Rate Gap Across FX Markets

    July 5, 2026

    Recent Nigerian Market Losses Expose Hard Lessons Every Investor Must Learn

    July 5, 2026

    Nigerian Bonds Sell Off as Markets Await Q3 Borrowing Plan

    July 5, 2026

    Ripple Dips Amidst Surge in XRPUSD Long Position on Bitfinex

    July 5, 2026

    VAT Income Boosts Nigeria’s Non-Oil Economy, Analysts Positive on Outlook

    July 5, 2026
    Latest Posts

    Naira Swings Narrow Exchange Rate Gap Across FX Markets

    July 5, 2026

    Recent Nigerian Market Losses Expose Hard Lessons Every Investor Must Learn

    July 5, 2026

    Nigerian Bonds Sell Off as Markets Await Q3 Borrowing Plan

    July 5, 2026

    Ripple Dips Amidst Surge in XRPUSD Long Position on Bitfinex

    July 5, 2026

    VAT Income Boosts Nigeria’s Non-Oil Economy, Analysts Positive on Outlook

    July 5, 2026

    Subscribe to News

    Get the latest sports news from Dmarketforces Africa about finance, business and tech.

    Advertisement
    Facebook X (Twitter) Pinterest Vimeo WhatsApp TikTok Instagram

    News

    • World
    • Politics
    • Economy
    • Business
    • Opinions
    • Fintech
    • Science & Technology

    Company

    • About us
    • Advertising
    • Classified Ads
    • Contact Info
    • Editorial Policy

    Services

    • Subscriptions
    • Research
    • Due Diligence
    • Newsletters
    • Sponsored News
    • Work With Us

    Subscribe to Updates

    Subscribe to updates from MarketForces Africa, an independent financial news service provider.

    © 2026 MarketForces Africa. All rights reserved.
    • Privacy Policy
    • Terms
    • Accessibility

    Type above and press Enter to search. Press Esc to cancel.