Mining Policy Framework Assessment: Somalia
Examining Somalia's mining laws, policies, and regulations and identifying gaps, strengths, and recommendations for improvement.
Key Messages
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Somalia is making strides to modernize its legal framework governing the mineral sector.
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Somalia's fiscal regime for extractives is clear and simple for both investors and the government administration.
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Somalia's current mining legislation is outdated, and a bill for a modern mining law drafted in 2023 awaits enactment.
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The extent of the artisanal and small-scale mining in Somalia is unknown.
Somalia is a relatively new country with a small mining sector comprising artisanal and small-scale mining operations. The government is seeking to take its first steps toward coherent mining governance while planning for the future.
This report presents an assessment of Somalia's readiness and capacity to implement the Mining Policy Framework (MPF) of the Intergovernmental Forum on Mining, Minerals, Metals and Sustainable Development (IGF). It presents the context for MPF implementation in Somalia and focuses on key policy and legislative strengths and weaknesses.
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