Niger's mining code reads very similarly to that of Tunisia, yet precedes Tunisia's and has less of Tunisia's discretionary elements. It has a high level of potential state participation, which weakens its ranking owing to the fact that the interest is a range and will require some negotiation with the miner if a project becomes of interest to the state. That said, an investor is unlikely to encounter obstacles that lead to the loss of title or permanent suspension of mine development activities and in truth Niger ranks rather well for an African country.