The Fraser Institute

The Fraser Institute

March 03, 2014 06:15 ET

Fraser Institute: Sweden Top Jurisdiction in Annual Global Mining Survey, Alberta Top Ranked Canadian Province

CALGARY, ALBERTA--(Marketwired - March 3, 2014) - Sweden, Finland and the Canadian province of Alberta remain the most the attractive jurisdictions for mining investment worldwide, according to the annual global survey of mining executives released today by the Fraser Institute, an independent, non-partisan Canadian public policy think-tank.

Sweden, which ranked second last year, leapfrogged Finland, last year's top ranked jurisdiction, to grab the top spot, while Alberta ranked third worldwide for the third consecutive year. This year's survey is based on input from 690 mineral exploration and development company executives, and spotlights 112 jurisdictions worldwide.

"This is the fourth consecutive year that Finland and Sweden have ranked among the global top 10 for mining investment. The confidence miners show in Finland and Sweden proves it's possible to enact sound environmental protections while maintaining a successful mining industry," said Kenneth Green, Fraser Institute senior director of energy and natural resources and director of the Survey of Mining Companies 2013.

Wyoming was the top-ranked U.S. state, coming in a fifth overall, a position it also held in 2012. Nevada was the second highest U.S. state in eighth spot. Nevada was among the top three in 2010-2011.

Western Australia in sixth spot was the top-ranked Australian state, moving up from 15th in 2012. South Australia finished just outside the top 10 in 11th, a move up from the 20th ranking it held last year.

Among South American countries, Chile at 30th continues to be the highest ranked, yet its ranking has steadily declined since 2009-2010 when it ranked seventh.

"Unlike Sweden and Finland, interpretations of environmental regulations and relationships with indigenous peoples remain unclear in Chile, which likely hurt the country's ranking," Green said.

"This is yet another example of how important certainty is to mining investment."

The 10 least attractive jurisdictions for investment worldwide (from the bottom) are Kyrgyzstan, Venezuela, Philippines, Argentina-La Rioja, Angola, Argentina-Mendoza, Zimbabwe, Ivory Coast, Indonesia and Madagascar.

The exploration budgets reported by companies participating in the survey totalled US$4.6 billion in 2012 and US$3.4 billion in 2013. The complete survey is available as a free PDF download at www.fraserinstitute.org.

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The Fraser Institute is an independent Canadian public policy research and educational organization with offices in Vancouver, Calgary, Toronto, and Montreal and ties to a global network of 86 think-tanks. Its mission is to measure, study, and communicate the impact of competitive markets and government intervention on the welfare of individuals. To protect the Institute's independence, it does not accept grants from governments or contracts for research.

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