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Home Companies Company News

Company Watch: Multiverse Plc, Chinese Firm Sign Multi Million Dollar Mining Deal

Ugodre Obi-chukwu by Ugodre Obi-chukwu
June 4, 2013
in Company News, Corporate deals
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Multiverse Staffs

A Chinese mining , Unicontinental International Engineering Company Limited has signed a multi-million dollar joint venture agreement with Multiverse Plc to commence work on new mining projects in the country.

Speaking after the signing event at in Lagos, Chairman, Unicontinental International Engineering Company Limited, Mr Alex  Wang,   said  the company plans to build quarries  that  will  supply granite and  minerals to  support infrastructure  projects  across  the country.

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He said his company will also extend mining exploration to other states of the country, adding that the project will allow both partners to supply high quality variety of products to the market.

Mr Wang said the company will establish new mining sites and production facilities using modern exploration techniques and deploying capital.

The Nation: Multiverse, Chinese firm sign mining deal

Tags: News ReviewNigeria
Ugodre Obi-chukwu

Ugodre Obi-chukwu

Ugo Obi-Chukwu "Ugodre" is the Founder, Publisher, and Chief Analyst of Nairametrics, a leading business and financial news online platform in Nigeria. Ugo is also the Chief Editor of the Nairametrics “Blurb” Opinion pages. Follow Ugodre on Twitter @ugodre and Instagram @ugodre Email: ugodre@nairametrics.com

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