Zambia
Legislation
- Mines and Minerals Development Act 2015
- Mines and Minerals Development (Amendment) Act 2016
- Mines and Minerals Development (Amendment) Act 2018
- Environmental Management Act 2011
- EIA Regulations 1997
- Mines and Minerals (Environmental) Regulations 1997
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 |
The 2015 Mines and Minerals Development Act has introduced areas of ambiguity and discretion that were agreeably absent from Zambia’s 2008 mining laws. Moreover, the 2015 law has retained grains of nationalism which infiltrated the previous code, enshrining potential inefficiency for a developer, such as the need for consent to export mineral products, preferential sourcing of Zambian goods and services and the requirement for approval to suspend or curtail operations. Since the failure to observe the law gives rise to the potential for loss of licence, the legal framework introduces substantial risk to an investor and the country’s on-going pursuit of increased revenue from its mineral resources poses further challenges.
Contents
Legislation
- Mines and Minerals Development Act 2015
- Mines and Minerals Development (Amendment) Act 2016
- Mines and Minerals Development (Amendment) Act 2018
- Environmental Management Act 2011
- EIA Regulations 1997
- Mines and Minerals (Environmental) Regulations 1997
Regulatory Risk Rating
Regulatory Risk
Regulatory Corruption Risk
Regulatory Corruption Risk
Corruption Exposure Risk
Corruption Exposure Risk
Overview
According to the World Bank, Zambia had one of the fastest growing economies (at an average of almost 7% per year) until 2014, when falling copper prices began to take its toll on the country’s economy. Though it has recovered somewhat in recent years, Zambia’s lack of economic diversification, issues with electricity supply and high fiscal debt, continue to affect the country’s ability to recognise its economic potential.
When it comes to mineral resources, Zambia is one of Africa’s top three cobalt producers and amongst the top ten copper producing countries in the world. The country is also recognised as a leading emerald producer. Whilst copper dominates the industry, Zambia is also known to produce precious metals, coal and industrial minerals. According to EITI, the extractive industries in Zambia constituted around 47% of all exports and 10% of GDP in 2015.
[ Back to top ]