Finland took the first place in the Fraser Institute 2024 Annual survey among mining companiesThe design of various American states in what analysts call an ever -competitive worldwide investment landscape for mining.
The Nordic nation climbed from 17th to 1st place in the Investment Attractory Index, powered by high figures for both mineral potential and policy stability.
The United States dominated the worldwide top 10 with four entries, while Canada saw fewer provinces among the world leaders than in recent years, despite the fact that Saskatchewan and Newfoundland & Labrador continued to bend that trend.
The report of the Fraser Institute, now in its 26th year, is the most quoted benchmark of the mining industry for investment sentiment. The annual report combines perceptions of the geological potential with policy factors in 82 jurisdictions.
For this year’s iteration, a total of 350 industrial managers and managers were examined between August and December 2024.
“Policy makers around the world should understand that mineral deposits are not enough to attract investments,” said Elmira Aliakbari, director of the Fraser Institute’s Center for Natural Resource Studies, in the Official.
“A good, predictable regime regime in combination with competitive tax policy makes a jurisdiction attractive for investors,” Aliakbari added.
Canada sees a ranging success, US and Australia, a mixed bag
Saskatchewan remained the best performing province of Canada and the only Canadian jurisdiction in the worldwide top 10 next to Newfoundland & Labrador. Saskatchewan is in 7th place in general and was placed 3rd in the Policy Perception index worldwide, thanks to consistent efficiency and institutional support.
Regarding allowing, more than half (56 percent) of the respondents in Saskatchewan reported to obtain permits within two months – before the Canadian average of 27 percent.
Newfoundland and Labrador also gained ground and countries worldwide in 8th place. It had the highest permitted speed in Canada, with 86 percent of the respondents said they received exploration guns within two months. Respondents also praised the province for its transparent environmental regulations and growing political support for mining projects.
Quebec, on the other hand, fell sharply in 22nd place in the worldwide index after enjoying a top 10 position for the past four years. Although 33 percent of the respondents still reported the obtaining of permits in less than two months, the concern about the policy direction outweighs the mineral profession.
Moreover, the report underlines that some Canadian jurisdictions fail to convert mineral wealth into investments due to poor policy frameworks. Yukon, British Columbia and Manitoba are all in the top 10 for mineral potential worldwide, but went to 40th, 32nd and 43rd in general investment attractiveness respectively.
Yukon in particular saw 75 percent of the respondents report that it took more than 11 months to obtain exploratory permits. In Nova Scotia, one of the lower 10 jurisdictions worldwide, 60 percent reported comparable delays, exacerbated by unsolved land disputes and opaque environmental rules.
Nova Scotia is on the bottom next to Ethiopia, Suriname, Niger and Mozambique. While Ethiopia was assessed the lowest worldwide, the Canadian provinces were the only areas of law that appeared in the lower 10.
In the meantime, the US continues to perform better than many worldwide competitors by completing the top spots. Nevada and Alaska were the second and third place respectively, with Wyoming and Arizona just behind. Alaska and Utah led all American jurisdictions in the allowance of speed: 86 and 80 percent of respondents in those states said they received permits within six months.
Australia presented a mixed image. Although it has strong geological donations, it is possible weighted problems. In the Northern Territory, only 9 percent of respondents obtained permits within two months, while Victoria and Queensland register delays of 60 and 50 percent of the respondents respectively.
Methodology and important indicators
The Investment Attractivity Index of the Fraser Institute combines two main indicators: the geological potential of a jurisdiction (weighted 60 percent) and its policy perception index (weighted 40 percent). The latter evaluates a combination of factors, including: tax, legal quality, permit period lines, land access and political risk.
This year the permit speed again emerged as an important distinctive factor between top and bottom-performance regions. In this subsurvey, Newfoundland & Labrador and Saskatchewan were the only Canadian provinces where a majority of respondents obtained in two months or fewer permits. The average throughout the country was only 27 percent.
In the US, and to a lesser extent Finland and Ireland, strong policy environments and predictable timelines have distinguished them. Worldwide were the jurisdictions that are the most punished in the rankings that with observed political instability, inconsistency or slow permit regimes.
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Publication of securities: I, Giann Liguid, has no direct investment interest in a company mentioned in this article.
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