Liberia
Legislation
- Minerals and Mining Law 2000
- Exploration Regulations 2010
- Environment Protection and Management Law 2002
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 |
Liberia’s legal framework is not at all sufficiently well-developed to regulate modern mineral projects and provides only the bare bones of a mining law regime. Though the country’s mineral policy describes broad ambitions for its mining sector, these will not be realised under the existing law unless comprehensive reform is undertaken. Engagement with government, the successful negotiation of a detailed and wide-ranging mineral development agreement and the guidance of local counsel will all be critical to positive investment outcomes in the country.
Contents
Legislation
- Minerals and Mining Law 2000
- Exploration Regulations 2010
- Environment Protection and Management Law 2002
Regulatory Risk Rating
Regulatory Risk
Regulatory Corruption Risk
Regulatory Corruption Risk
Corruption Exposure Risk
Corruption Exposure Risk
Overview
According to Liberia’s Mineral Policy, prior to the country’s civil wars, which lasted from 1989-2003, the mineral sector contributed more than 65% of export earnings and 25% of GDP. Throughout the civil war period, all major mines were closed and, where mining was taking place, it was mainly being used as a vehicle to finance warring factions. The country now has hopes to revitalise its natural resource sector, to underpin sustainable development and growth. Liberia is thought to have considerable mineral wealth – similar to that found in neighbouring countries. Traditionally, gold, iron ore and diamond production have formed the backbone of the mining industry, though industrial minerals and base metals are also thought to exist in reasonable quantities.
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