Yemen
Regulatory Risk Rating
Substantial
Regulatory Risk
Regulatory Risk
Regulatory Corruption Risk
Moderate
Regulatory Corruption Risk
Regulatory Corruption Risk
Corruption Exposure Risk
Very High
Corruption Exposure Risk
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 |
Yemen's 2010 mining code contains modern concepts of reconnaissance, exploration and mining, as well as quarrying, rights; it is careful to preclude multiple use of land for competing purposes and is quite straightforward in its drafting; weaknesses in the legislation concern several potential "traps" where performance obligations may lead to the loss of a licence (e.g., the obligation to commence mining within two years of certain conditions and to maintain commercial operations) and language needlessly discretion on the part of the Board that overseas the granting of licences.
Contents
Regulatory Risk Rating
Substantial
Regulatory Risk
Regulatory Risk
Regulatory Corruption Risk
Moderate
Regulatory Corruption Risk
Regulatory Corruption Risk
Corruption Exposure Risk
Very High
Corruption Exposure Risk
Corruption Exposure Risk