According to a Fraser Institute report, Ontario ranks fourth in Canada and twelfth in the world
The Fraser Institute has again named Saskatchewan as Canada’s Most Attractive Jurisdiction for Mining Investments in 2022.
The Mining Jurisdiction Report is an annual overview of mining and exploration on a global basis and its impact on mining investments. The Fraser Institute bills itself as an independent, non-partisan Canadian public policy think tank.
The purpose of the annual survey The goal is to assess how mineral deposits and political factors such as taxes and regulatory uncertainties affect exploration investments.
While the most recent survey named Saskatchewan as the top jurisdiction for mining investment in Canada, Nevada was also named the top jurisdiction in the world, followed by Western Australia and then Saskatchewan as the third best country in the world survey. Saskatchewan has ranked in the top three in the world five times in the past six years.
The survey was sent electronically to more than 1,900 people between August and December last year.
Fraser said 180 responses were counted to rank provinces, states and countries on the extent to which government policy factors encourage or discourage mining investment.
Rounding out the top 10 globally are Newfoundland and Labrador, Colorado, Northern Territory (AUS), 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.
Ontario was not in the top 10. It ranked 12th in the world and fourth in Canada.
The survey also produced a Policy Perception Index to characterize things like environmental regulations, legal requirements, taxes, land claim disputes, labor regulations, and political stability.
Nevada took first place, Saskatchewan 15th, and Ontario 18th.
Another ranking was the Best Practice Mineral Potential Index, which is a weighted ranking of actual mineral potential (60 percent) along with policy practices in each jurisdiction (40 percent).
Saskatchewan placed second, Nevada fifth, and Ontario seventh.
A full text copy of the survey may be available can be found online here.
Len Gillis writes for Sudbury.com on mining and health issues.
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