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AuthorUnited Nations Conference on Trade and Development
TitleThe New Mining Legislation of Cote d'Ivoire: Some Comparative Features
Imprint Geneva, United Nations. 1997
Descript-

SUMMARY

The competitiveness of the legal framework governing mining activities is one of the major determinants of the level of private investment at any given geographic site. The success of developing countries in competing for mining sector investment thus depends on their ability to off terms at least as attractive as those offered by countries with similar geological potential. since the mid-1980s, over 50 developing nations have adopted a new mining law, made major revision to the law or are currently working on a new draft. Among these, Cote d'Ivoire is opening its doors to increased foreign investment, a country which in the past did not attract a significant share of mining investment, perhaps as a direct consequence of public policies geared essentially towards the development of the agricultural sector. A new mining code was adopted in 1995 with a view to developing the mining industry, and to promoting the exploration, development, utilization and protection of mineral resources. This paper examines the new fiscal and legal background underlying mining in Cote d'Ivoire. A number of measures have been taken to remove administrative bottlenecks, and to improve coordination between the investor and the State. Greater transparency is now provided in the preconditions for investment, rights and obligations of the operator, as well as tax provisions. Subject to the availability of data, a comparison is offered between several mining codes currently in application elsewhere. The mining sector of Cote d'Ivoire is maturing and the future firmly holds the possibility of major developments in that sector. At the institutional level, it remains to create a "one step" mineral agency that will oversee the implementation of new legislative policy and ensure that administrative bottlenecks do not arise


LOCATIONCALL#STATUS
International Institute for Trade and Developement : UNCTAD CollectionUNCTAD/OSG/DP/125CHECK SHELVES

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