Benin
![](https://minehutte.com/content/uploads/2015/02/Benin-2000x500.jpg)
Regulatory Risk Rating
Substantial
Regulatory Risk
Regulatory Risk
Regulatory Corruption Risk
Low
Regulatory Corruption Risk
Regulatory Corruption Risk
Corruption Exposure Risk
Moderate
Corruption Exposure Risk
Corruption Exposure Risk
Regulatory Risk Rating Factors | Risk Level |
---|---|
1st Come / 1st 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 |
Benin is very close to a model mining code; it provides great security of tenure and exclusivity through the mine development process and is let down, in particular, by two key weaknesses, namely, the requirement to negotiate a mining contract with the state and the wide power of the state to revoke a mining licence. Nevertheless, there is nothing more fundamental to a miner than ensuring certainty of commercial terms upon discovery and the right to merely negotiate a contract upon discovery is not the kind of certainty upon which a miner will rest comfortably.
Contents
Regulatory Risk Rating
Substantial
Regulatory Risk
Regulatory Risk
Regulatory Corruption Risk
Low
Regulatory Corruption Risk
Regulatory Corruption Risk
Corruption Exposure Risk
Moderate
Corruption Exposure Risk
Corruption Exposure Risk