At least two major legislative amendments are pending that may affect regulation of the resources sector. The amendments to the Mines and Minerals Development Act and the Constitution have been on the drawing board for the past three years, and both pieces of legislation appear close to being revised in the next few months. However, the proposed amendments are not all positive.
Including: Nationalisation; Privatisation; Supertax; Reaching equilibrium.
Long-awaited changes to environmental regulation in Zambia became law with the repeal and replacement of the Environmental Protection and Pollution Control Act by the Environmental Management Act. The new act shifts the focus from mere protection of the environment to environmental management by all stakeholders. This change in approach imposes greater obligations on operators in the extractive industries
Zambia's regulation of the petroleum sector was overhauled with the enactment of the Petroleum (Exploration and Production) Act 2008. The entry into force of the new act and the granting of the first two licences under its regime has provided a framework for the country's quest for its petroleum reserves.