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2022
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Where is the best global mining investment environment?
According to the Mining.com website, the Fraser Institute of Canada (Fraser Institute) released the latest annual survey report on mining companies, and the resource-rich Western Australia has replaced Nevada as the best destination for the global mining investment environment.
According to Mining.com website reports, Canada's Fraser Institute (Fraser Institute) released the latest annual mining company research report,Resource-rich Western Australia has replaced Nevada as the best destination for the global mining investment environment.
The Canadian province of Saskatchewan remains in the top spot, rising from third place in 2020 to second place in 2021.
The Fraser Institute's mining investment potential index takes into account both mineral resource potential and policy attractiveness (Policy Perception) two factors.
Nevada, which topped the list in 2020, fell to third place last year, followed by Alaska, Arizona, Quebec, Idaho, Morocco, Yukon and South Australia.
InBest global mining investment environmentthe landAmong the top 10 countries and regions, the United States accounts for 4, ranking first. These regions are Nevada, Alaska, Arizona and Idaho. Three Canadian provinces are in the top 10: Saskatchewan, Quebec and Yukon. Australia has only two states in the top 10, Western Australia and South Australia.
As in previous years, most of the top investment environments are in developed countries, and their mining industries have a long history, but this is not necessarily a good thing.The main problem is that there are not many projects available for investment in the top countries and regions, and some of the largest deposits in the world are often located in places where operations are risky.
Zimbabwe is rich in resources, including gold, platinum, diamond, lithium, chromite and coal, but its investment environment ranks low, followed by Spain, the Democratic Republic of the Congo and Mali.
According to the approval time, the survey also ranked the sub-indicators of the exploration system.
This year's report is not limited to Canada, but also collects data from countries and regions such as Australia, the United States and Scandinavia, where mining, environmental and other policies can be widely compared.
In most of Canada's provinces and territories, the majority of respondents said they were able to obtain the various permits required for the survey within six months. Nevertheless, there are significant differences between regions, especially compared to Manitoba, where 42% of respondents said it takes 24 months or more to obtain all necessary permits, but in British Columbia, most people said it only takes 3 to 6 months.
Elmira Alyakbari, Director of the Natural Resources Research Centre at the Fraser Institute and co-author of the report (Elmira Aliakbari): "Overall, mining executives continue to list protected areas, controversial land claims and uncertainty of environmental regulations as the main risks of investing in Canadian provinces and regions".
"Policymakers in the provinces and regions should understand that mineral resource potential alone cannot attract investment," Alyakbari said.
Quebec performed best in this regard, with 60% of the interviewees believing that they could obtain an exploration permit within two months. Compared with the United States, Australia and Scandinavia and other countries and regions, the average time for Canadian provinces to obtain a license is shorter, generally no more than 6 months.
Source: Global Geology and Mineral Information System
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