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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

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

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

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

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.

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