Namibian government sued for $10bn.

Position:Law
 
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Allegations that the Namibian government illegally cancelled exclusive prospecting licences (EPLs) on the Skeleton Coast have led to a N$89bn (US$10bn) law suit by a local diamond mining operation. Nambib Resources - an exploration and mining company bankrolled by international investors - are claiming the Ministry of Mines and Energy unilaterally scrapped its EPLs and awarded them Trade Line Namibia, a little-known company that previously traded only in meat...

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