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Cuba

Regulatory Risk Rating

Severe
Regulatory Risk

Regulatory Corruption Risk

Very High
Regulatory Corruption Risk

Corruption Exposure Risk

Very High
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

In recent years the Cuban government has sought to revive and strengthen its mining industry - making a push for foreign investment. In order to truly realise this goal the government ought to make amendments to the existing legal framework which currently allows for discretionary decision making on the part of government to pose a substantial risk to the foreign operator. A handful of amendments, largely focused around the right to mine and security of tenure, would significantly improve Cuba's current regulatory risk and would set the country on the right course for the revitalisation of this key economic sector.

Contents

Regulatory Risk Rating

Severe
Regulatory Risk

Regulatory Corruption Risk

Very High
Regulatory Corruption Risk

Corruption Exposure Risk

Very High
Corruption Exposure Risk