RE: EPL 3403Question:
I am the only idiot that actually spend time reading the information the company publish ?
The answer to your question was easily accessible on the web site of the company.
The reason why De Beers has lost EPL 3403 is explained in the last annual report of the Corporation on page 9.:
"Originally EPL 3403 was held By Namdeb. However, in the mid 1990’s, the Government of Namibia,
concerned that the large control exercised by Namdeb over its natural resources caused a lack of
exploration and development of many exploration licences, requested that Namdeb relinquish many of its
concessions. From 1995 to 2005, Namdeb did relinquish many of its concessions, the last of which was
EPL 3403. IMDH and its Namibian partner were granted the EPL 3403 concession in 2006."