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Benin

Regulatory Risk Rating

Substantial
Regulatory Risk

Regulatory Corruption Risk

Low
Regulatory Corruption Risk

Corruption Exposure Risk

Moderate
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 Corruption Risk

Low
Regulatory Corruption Risk

Corruption Exposure Risk

Moderate
Corruption Exposure Risk