Gabon
Legislation
- Mining Code 2019
- EIA Guidelines
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 Critiera | 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 |
Gabon’s Mining Code 2019 demonstrates a desire to open the country’s mining industry to foreign investment, yet the law will struggle in achieving this objective primarily because it fails to balance the interests of State, citizen and investor appropriately. Investors will, unfortunately, be left with much the same impression of the existing law as was had with the previous mining code – which was only promulgated some four years earlier. That being the case, the government will likely find themselves frustrated in their efforts to grow the mining sector to its full potential. To effect meaningful change, the government must do better in balancing the interests of all parties, ensuring that reform efforts provide a complete regulatory package, and accepting that over-control of industry does not make for an attractive investment environment.
Contents
Legislation
- Mining Code 2019
- EIA Guidelines
Regulatory Risk Rating
Regulatory Risk
Regulatory Corruption Risk
Regulatory Corruption Risk
Corruption Exposure Risk
Corruption Exposure Risk
Overview
Gabon is rich in natural resources, with reserves of petroleum, natural gas, diamond, niobium, gold and iron ore. The country is a world-leading manganese producer, recognised as the third largest global producer and is home to the second largest deposit in the world. Historically, the country was also a uranium producer. Traditionally, Gabon’s economy was focused mainly on oil and gas, however diversification strategies have resulted in an increased focus on the country’s mining industry. Various international companies have entered into the sector in recent years, including Fortescue Metals and Genmin, who have also entered into a royalty agreement with Anglo American in relation to their Gabonese iron ore project. Gabon is a member of the EITI and has been since 2007, though it lost status in 2013 after failing to submit a validation report. It was readmitted again in 2021.
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