To be honest I cannot see the reason for the panic, please read...

To be honest I cannot see the reason for the panic, please read below...[courtesy of the Namibian and posted earlier by Gero - thanks]

FOREIGN investors sitting on exploration rights in Namibia for years and not developing mines is the reason Cabinet decided to give exclusive exploration and mining rights of strategic minerals to State-owned Epangelo.
Cabinet?s decision, which has been causing an investor outcry since Mines and Energy Minister Isak Katali announced it in Cabinet recently, was released by the Ministry of Information and Broadcasting on Friday.
In it, Cabinet said: ?The current licence holders have had exploration rights there for a very long time and little progress has been achieved over the years.?

There is NO WAY this fits Extracts timeline or strategy. So what is the issue ? Maybe and just maybe EXT will have to include Epangelo in the rest of the project zones and so what? JV's can work..and Zones 4,5,6 Salem etc can be part of this system - is there a problem with this? I don't think so, no different from many other countries in the world wrt mining and oil and gas. It is not nationalisation or any more draconian than the proposed Australian mining tax - is it?