Chinese Lithium miners labeledfrauds as Minister revokes license

Chinese Lithium miners labeledfrauds as Minister revokes license

Chinese Lithium miners labeledfrauds as Minister revokes license

Niël Terblanché The process of awarding a lithium mining license to Xinfeng Investment (Pty) Ltd was flawed from the start while allegations of corruption and other fraudulent dealings eventually led to the complete revocation of the company’s right to mine and export lithium from Namibia’s shores. The Minister of Mines and Energy, Tom Alweendo, in a letter to lithium miner, Zhou Hao informed of his decision to revoke Mining License 243 situated in the Exclusive Prospecting License (EPL) 7228 area near the small desert settlement of Uis. Alweendo said that during the application for ML 243, Xinfeng deliberately included misleading,…
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