Saskatchewan remains Canada’s most attractive jurisdiction for mining investment, according to a new survey by the Fraser Institute, a Canadian public policy think tank.
The Annual Survey of Mining Companies, which was released on Tuesday, researched and ranked 77 jurisdictions around the world based on their geologic attractiveness (minerals and metals) and government policies that encourage or deter exploration and investment.
Saskatchewan is top-rated Canadian jurisdiction at third overall (up from 11th last year) followed by Quebec (6th up from 18th) and Newfoundland and Labrador (8th up from 28th). Alberta was 22nd overall.
“The Fraser Institute’s mining survey is the most comprehensive report on government policies that either attract or discourage mining investors,” said Elmira Aliakbari, director of the Fraser Institute’s Centre for Natural Resource Studies and co-author of the report.
“Policymakers in every province and territory should understand that mineral deposits alone are not enough to attract precious investment dollars.”
“A sound and predictable regulatory regime coupled with competitive fiscal policies help make a jurisdiction attractive in the eyes of mining investors,” said Jairo Yunis, Fraser Institute policy analyst and report co-author.