Mining News
The top-ranked mining jurisdiction in the world is still Nevada: Fraser Institute
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[WRITTEN WITH MATERIAL FROM FRASER INSTITUTE]
(Kitco News) - Saskatchewan remains Canada's top-rated jurisdiction for mining investment, according to the Annual Survey of Mining Companies released today by the Fraser Institute.
Nevada is the top-ranked jurisdiction worldwide for mining investment in this year's survey, followed by Western Australia.
The Fraser Institute's annual report ranked 62 jurisdictions around the world based on their geologic attractiveness (minerals and metals) and government policies that encourage or discourage exploration and investment, including permit times.
Top Globally
The top jurisdiction in the world for investment based on the Investment Attractiveness Index is Nevada, which moved up from third place in 2021. Western Australia, which topped the ranking last year, ranked second this year. Saskatchewan continues to be on the podium, dropping slightly from a rank of second in 2021 to third this year. Rounding out the top ten are Newfoundland & Labrador, Colorado, Northern Territory, Arizona, Quebec, South Australia, and Botswana. The United States, Canada and Australia each have three jurisdictions in this year's top 10, followed by Africa.
Bottom Globally
When considering both policy and mineral potential in the Investment Attractiveness Index, Zimbabwe ranks as the least attractive jurisdiction in the world for investment followed by Mozambique, South Sudan, and Angola. Also, in the bottom ten (beginning with the least attractive for investment) are Zambia, South Africa, China, the Democratic Republic of Congo, Papua New Guinea, and Tanzania. Africa is the region with the most jurisdictions with eight in the bottom ten. Asia and Oceania both have one jurisdiction each in the bottom ten.
Canada
On overall investment attractiveness, Saskatchewan ranks in the global top three for the fifth time in six years (having dropped from second in last year's survey to third this year), followed by Newfoundland & Labrador at fourth and Quebec at eighth.
However, some provinces and territories are not capitalizing on their strong mineral potential due to a lack of a solid policy environment that would attract investment. Ontario and Manitoba, despite being among the top ten most attractive jurisdictions for mineral potential, rank 18th and 24th respectively when considering policy factors alone. Similarly, Yukon ranks 10th for its mineral potential but 31st on policy factors.
In addition, British Columbia continues to perform poorly on the policy front largely due to investor concerns over disputed land claims and protected areas.
"A sound and predictable regulatory regime coupled with competitive fiscal policies help make a jurisdiction attractive in the eyes of mining investors," said Aliakbari.
"Policymakers in every province and territory should understand that mineral deposits alone are not enough to attract investment."
