Region
South Asia
Income group
Lower middle income
Most populous city
Colombo

ACCESS DATA BY
ECONOMY OR TOPIC


or

Disclaimer: Note that the following information is not part of the score that the country receives on the Investing Across Sectors indicators. This information is provided as complementary to the data on the foreign ownership restrictions, and is based on the survey respondents’ comments and assessments. The World Bank Group does not guarantee accuracy of this information.

Sector group:
Mining, oil & gas
Sector:
Mining: A foreign company seeking to develop and exploit a medium-size deposit of metal ore (e.g., iron, copper, nickel, gold, silver, etc.). Note: The following types of mining activities are excluded from the definition, (1) oil and gas extraction, (2) diamond mining, (3) coal / lignite mining, and (4) exploration of a deposit.
Market structure:
 
Survey respondents' answer to the following question, "Define the market structure in your economy for this sector."
Monopoly
Regulatory license:
 
Survey respondents' answer to the following question, "If a foreign company wanted to obtain a sector-specific regulatory license (or a concession contract) to open and operate a new business in that sector, how likely would the government be to issue such a license, provided that the foreign company meets all legal and regulatory requirements?"
Likely
Name of regulatory authority
(1) BOI, (2) Geological & Mines Survey Bureau
Additional comments:
There are no foreign firms currently operating in this sector