Canada Is The New Top Mining Destination Worldwide - Survey
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(Kitco News) - Canada’s mining industry has something to brag about — it has walked away with the title of the most attractive mining region in the world when it comes to investment, beating Australia in 2017, according to the Fraser Institute’s annual global survey of mining executives.
Canada’s rankings are based on the combined score of all Canadian provinces and territories.
The top ten regions in the Investment Attractiveness Index were: Finland, Saskatchewan, Nevada, Ireland, Western Australia, Quebec, Ontario, Chile, Arizona, and Alaska.
But a closer look at Canada’s provinces reveals that some of them actually fell down in the ranking, including Saskatchewan, which was in a first place in 2016 and dropped to the second place in 2017.
Also, Manitoba, dropped out of the top ten list, while Ontario actually rose from the 18th to the seventh place.
“When considering how Canadian jurisdictions rank on the Investment Attractiveness Index, Canada continues to perform well; it surpassed Australia in 2017 to become the most attractive region in the world for investment. Three Canadian jurisdictions—Saskatchewan (2nd), Quebec (6th), and Ontario (7th) —are all in the top 10 in terms of investment attractiveness,” the survey said.
Fraser Institute’s survey, which was published on Thursday, is based on the sample of 360 responses from 91 jurisdictions.
“The survey is an attempt to assess how mineral endowments and public policy factors such as taxation and regulatory uncertainty affect exploration investment,” the research stated.
The survey also pointed out that overall investment attractiveness edged down in 2017 in comparison to the previous year.
For example, all the jurisdictions in Australia ranked lower due to increasing tensions around government regulations.
On the other hand, South America did better in 2017, with Chile back on the top ten list after falling to 39th place in 2016. In addition, Peru rose to the 19th from the 28th spot.
The worst mining regions based on the index were: Guatemala, Kenya, Mendoza, Chubut, Mozambique, Bolivia, Venezuela, Romania, China, and Nicaragua.