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Zambia Cancels Five Oil Exploration Licences

Source: Reuters 2/9/2017, Location: Africa

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Zambia revoked five oil exploration licences after the companies failed to comply with the rules, mining minister Christopher Yaluma said, without naming the firms.

"We had given out 17 license and defaulted a few because of non-compliance and not responding to the licence conditions, so now we have 12 left," Yaluma said on the sidelines of a mining conference in Cape Town. "If they donít come at pace with the program we have scheduled for them we will revoke the licences," he said referring to the 12 remaining firms.

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Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


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