Angola
Legislation
- Mining Code 2011
- Private Investment Law 2018
- General Environmental Law 1998
Regulatory Risk Rating
Regulatory Risk
Regulatory Corruption Risk
Regulatory Corruption Risk
Corruption Exposure Risk
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
Regulatory Risk
Regulatory Corruption Risk
Regulatory Corruption Risk
Corruption Exposure Risk
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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