Check out the announcement from DYL.
Anybody know how long they waited compared to how long MLS have been waiting?
And again DYL have had to appoint a BEE, how come MLS haven't had to?
"Since March any application to the MME for a new EPL or renewal of any existing EPL once
processed by the MME has appended to it three new conditions, namely that any funds raised in
respect of the EPL be deposited in Namibia; the EPL shall not be issued unless the applicant
proves it has allocated certain previously disadvantaged Namibians (Black Economic
Empowerment or BEE) shares in the applicant; and, have in place a plan and commitment to
empower the nearby community (Broad Based Economic Empowerment or BBEE) once a
mineable deposit is found. No percentages or prescribed formula is given."
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dyl can get epls in namibia
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