Fraser Institute’s Annual Survey of Mining Companies, 2020
index, which rates regions based on their geologic attractiveness, and the Policy Perception Index, a composite index that measures the effects of government policy on attitudes toward exploration investment. While it is useful to measure the attractiveness of a jurisdiction based on policy factors such as onerous regulations, taxation levels, the quality of infrastructure, and the other policy related questions that respondents answered, the Policy Perception Index alone does not recognize the fact that investment decisions are often sizably based on the pure mineral potential of a jurisdiction. Indeed, as discussed below, respondents consistently indicate that approximately 40% of their investment decision is determined by policy factors. The top The top jurisdiction in the world for investment based on the Investment Attractiveness Index is Nevada, which moved up from third place in 2019. Arizona, which ranked ninth in 2019, moved into second place this year. Saskatchewan climbed eight spots from 11th in 2019 to third in 2020. Western Australia ranked fourth this year after topping the ranking last year, and Alaska dropped a spot from fourth in 2019 to fifth in 2020. Rounding out
EDITOR’S NOTE: This report is provided courtesy of the Fraser Institute This report presents the results of the Fraser Institute’s 2020 annual survey of mining and exploration companies. The survey is an attempt to assess how mineral endowments and public policy factors such as taxation and regulatory uncertainty affect exploration investment. The survey was circulated to approximately 2,200 individuals. Survey responses were tallied to rank provinces, states and countries according to the extent that public policy factors encourage or discourage mining investment. We received a total of 276 responses for the survey, providing sufficient data to evaluate 77 jurisdictions. By way of comparison, 76 jurisdictions were evaluated in 2019, 83 in 2018, 91 in 2017, and 104 in 2016. The number of jurisdictions that can be included in the study tends to wax and wane as the mining sector grows or shrinks due to commodity prices and sectoral factors. The Investment Attractiveness Index takes mineral and policy perception into consideration An overall Investment Attractiveness Index is constructed by combining the Best Practices Mineral Potential
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