Saskatchewan, Manitoba the world’s top mining investment stops
BC, Ontario drop in global ranking over uncertainty surrounding land claims.
CALGARY — Saskatchewan and Manitoba are the two most attractive jurisdictions for mining investment in the world, according to the annual global survey of mining executives.
The report by the Fraser Institute, a Canadian public policy think-tank, puts the Canadian provinces ahead of Western Australia, which fell from first place to third this year.
“Competitive tax regimes, efficient permitting procedures and certainty surrounding environmental regulations and land-claims have vaulted Saskatchewan and Manitoba to the top in the eyes of miners looking to invest,” said Kenneth Green, senior director of the Fraser Institute’s energy and natural resource studies and co-author of the Fraser Institute’s Annual Survey of Mining Companies, 2016.
The study rates 104 jurisdictions around the world based on a combination of their geologic attractiveness for minerals and metals and their policy attractiveness.
Quebec ranks third in Canada and sixth globally – up from eighth spot last year – and is the only other Canadian province in the world’s top 10. The Yukon ranks 15th worldwide.
BC and Ontario dropped in the rankings. Ontario is 18th (down from 15th last year) and BC ranks 27th, falling from 18th last year.
The two provinces fell this year because of uncertainty surrounding land claims, said Taylor Jackson, a senior policy analyst with the Fraser Institute and survey co-author.
Top 10 rankings (worldwide):
3. Western Australia
9. Republic of Ireland
10. Queensland (Australia)