Fraser Institute says Saskatchewan first in Canada, second in world for mining

February 25, 2015

5b - 20140805_PLS_Barge_Move_lowresThe Fraser Institute says its annual global survey of mining executives has determined Saskatchewan is the most attractive jurisdiction for mining investment in Canada, and number two in the world.

The survey rates 122 jurisdictions around the world based on their geologic attractiveness and the extent to which government policies encourage exploration and investment.

Finland placed first overall in the world, with Nevada coming in third and Manitoba fourth.

In Canada, Manitoba was second, Quebec third and Newfoundland and Labrador rated fourth, following by Yukon and the Northwest Territories.

Two of Canada’s other geographically large jurisdictions — Ontario and British Columbia — didn’t fare as well.

Internationally, Ontario placed 23rd and B.C. ranked 28th.

“In addition to being blessed with an abundance of mineral potential, Saskatchewan gets credit for having a government with a transparent and productive approach to mining policy,” said Kenneth Green, Fraser Institute senior director of energy and natural resources and director of the Survey of Mining Companies.

“The province offers a competitive taxation regime, good scientific support, efficient permitting procedures and clarity around land claims. That’s what miners look for.”

Green said there’s a reason Ontario dropped nine places in the rankings compared to the previous year.

“In Ontario, the New Mining Act amendments regarding First Nations consultation have resulted in complete incomprehensibility of rights on all sides,” Green said.

“Similarly in British Columbia, uncertainty concerning disputed land claims and ambiguity about what regions will be protected are deterrents to investment and exploration.”

The survey was conducted between Aug. 26 and Nov. 15, 2014, and included the responses of 485 mineral exploration and development company executives from around the world.

(CKRM)

You May Also Like…

Fortune Bay Begins Phase 1 Drilling at Goldfields Project

Fortune Bay Corp. (TSXV: FOR) is pleased to announce that the Phase 1 drilling program has commenced at its 100 per cent owned Goldfields Project located in northern Saskatchewan. The company plans to complete approximately 5,000 metres in 15 holes. A diamond drill...

0 Comments

Submit a Comment

Latest Issue

The Northern Prospector’s Journal newsletter – Current Issue

Advertisement

Get more mining!

Subscribe in our mailing list

Receive our monthly issue of The Northern Prospector’s Journal
e-newsletter and yearly magazine.

Northern Prospector magazine is the official publication of the Manitoba-Saskatchewan Prospectors and Developers Association.

The publication is distributed to all companies with an interest in mining in Manitoba and Saskatchewan, with additional distribution at the Manitoba Mining & Minerals Convention, Saskatchewan Geological Survey Open House, Mineral Exploration Round Up, PDAC Toronto conference, Mid-Canada Mining Corridor, Northwest Ontario Mining Symposium, and mining investment conferences across Canada.

The magazine is published by DEL Communications Inc., a world authority in mining communications, and we are thrilled to provide our extensive experience to the Manitoba and Saskatchewan prospecting industry.

For more information on DEL Communications Inc. please visit our official website, or to view an online library of our other publications, please click here.