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Senegal

Legislation

  • Mining Code 2016
  • Mining Decree 2017
  • Environmental Code 2001
  • Environmental Decree 2001

Regulatory Risk Rating

Severe
Regulatory Risk

Regulatory Corruption Risk

Extremely High
Regulatory Corruption Risk

Corruption Exposure Risk

Moderate
Corruption Exposure Risk
Regulatory Risk Rating Factors Risk Level
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Tenure Subscribe
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The gaps in Senegal’s legislation could easily be filled through the use of mining conventions, which are mandatory for both exploration and mining. There are few serious red flags in the law and those that do exist appear to be as a result of a lack of detail rather than a serious attempt to ensure full government control over the sector. Additional implementing regulations and some clarifying provisions around decision-making could easily see Senegal’s risk rating fall, though in the wrong hands the Code in its current form could just as easily be used to frustrate project progress. This is reflected in the risk rating awarded but it is perfectly possible for project specific risk, even under a relatively simple mining convention, to be considerably lower.

Contents

Legislation

  • Mining Code 2016
  • Mining Decree 2017
  • Environmental Code 2001
  • Environmental Decree 2001

Regulatory Risk Rating

Severe
Regulatory Risk

Regulatory Corruption Risk

Extremely High
Regulatory Corruption Risk

Corruption Exposure Risk

Moderate
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

Overview

Senegal’s mining industry was traditionally focused primarily on phosphate mining, though iron, zircon and gold exploitation have been increasing considerably in recent years. In fact, Senegal is now one of the top five global producers of zircon. The country is also believed to have strong potential for other base metals, such as copper and nickel, precious metals including platinoids, heavy minerals such as titanium, and industrial minerals such as limestone.  According to the IMF, the mining sector consistently contributes around 2.5% towards GDP and its importance to the country has grown significantly since around 2014. It is regularly highlighted as a target industry for growth by the government and it was hoped that the reform of the mining law in 2016 would result in increased foreign investment interest.

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