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Angola

Legislation

  • Mining Code 2011
  • Private Investment Law 2018
  • General Environmental Law 1998

Regulatory Risk Rating

Substantial
Regulatory Risk

Regulatory Corruption Risk

Moderate
Regulatory Corruption Risk

Corruption Exposure Risk

Very High
Corruption Exposure Risk
Regulatory Risk Rating Factors Risk Level
First Come / First Serve Subscribe
Application Criteria Subscribe
Duration Subscribe
Right to Renew Subscribe
Competing Licences Subscribe
Mineral Coverage Subscribe
Right to Mine Subscribe
Criteria for Mining Rights Subscribe
Tenure Subscribe
Surface Rights Subscribe
Government Take Subscribe
Transfer Rights Subscribe
Change of Control Subscribe
EIA Process Subscribe
Power to Revoke Subscribe
Age of Legislation Subscribe
Other Factors Subscribe

Given Angola’s historical reputation for corruption it will be necessary to evaluate the jurisdiction with caution but those with an appetite for risk may find the regulatory environment appealing – with the negotiation of a Mining Investment Contract a real make or break factor for any investment. Project specific risk would need to be assessed on the basis of such contract and it will be imperative to negotiate such agreement effectively in order to limit the State’s ability to interfere, influence or control activities in the country.

Contents

Legislation

  • Mining Code 2011
  • Private Investment Law 2018
  • General Environmental Law 1998

Regulatory Risk Rating

Substantial
Regulatory Risk

Regulatory Corruption Risk

Moderate
Regulatory Corruption Risk

Corruption Exposure Risk

Very High
Corruption Exposure Risk

Overview

Angola’s economy is heavily reliant upon the country’s natural resource wealth. It is the second largest oil producer in Africa, after Nigeria, with the industry contributing over 40% of GDP and over 90% of total exports. Diamonds are also a main export, with the country producing around 7% of the world’s rough diamond output (USGS, 2013). Other known mineral resources include cement, granite, gypsum, limestone and marble (USGS). Since the end of the civil war, Angola’s economy has experienced rapid growth, although the decline in oil prices in recent years has had a considerable impact on the country’s economic forecast. The impact caused by falling oil prices provided momentum for the country to diversify its economy away from oil and, according to the IMF, these efforts have proved relatively successful.

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