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Three Canadian provinces and two US states rank amongst the top ten mining jurisdictions in the world, according to the industry’s preeminent annual survey.
The Fraser Institute, a top think tank in Canada, compiles an annual survey of worldwide mining jurisdictions to rank the investment attractiveness of each region. The institute uses quantitative responses from mining and exploration companies to assess how mineral endowments and public policy factors such as taxation and regulatory uncertainty affect exploration investment. Countries with significant mining activity, such as Canada, the United States and Australia, are ranked according to states and provinces.
The top jurisdiction in the world for investment based on the Investment Attractiveness Index is Saskatchewan, which moved up to first from second place in 2015. Manitoba moved up to second place this year after ranking 19th the previous year. Western Australia dropped to third, after Saskatchewan displaced it as the most attractive jurisdiction in the world. Rounding out the top ten are Nevada, Finland, Quebec, Arizona, Sweden, the Republic of Ireland, and Queensland.
Mining is one of the most significant drivers of the Canadian economy, contributing $56 billion to Canada’s Gross Domestic Product (GDP) in 2015 according to the Mining Association of Canada.
The Fraser Institute survey is released every year just prior to the Prospectors and Developers Association of Canada convention, an annual gathering of over 25,000 global mining professionals representing more than 200 companies. This year the event runs from March 5-8 in downtown Toronto, Canada.
For more information on the Fraser Institute Survey please visit https://www.fraserinstitute.org/studies/annual-survey-of-mining-companies-2016.