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ExxonMobil warns SA on minerals act

THE world’s largest non government-owned oil company, ExxonMobil, has warned Parliament that the proposed changes to the Mineral and Petroleum Resources Development Act would make South Africa less attractive for investment in its fledgling oil and gas sector.

Wednesday was the first of four days of public hearings scheduled by Parliament’s mineral resources committee, which is considering the proposed amendments to the act.

The main objectives of the amendments are to clarify ambiguities in the original act that was passed by Parliament in 2002. Read on BDLive >

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