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Saskatchewan the best place to invest, Fraser Institute says
Saskatchewan the best place to invest, Fraser Institute says
POSTED BY: SALMA TARIKH
Saskatchewan takes the crown as the most attractive jurisdiction for investment in the Fraser Institute’s Annual survey of mining companies 2016, moving up from second place in 2015, and dethroning Western Australia.
The survey’s authors Taylor Jackson and Kenneth Green compiled 350 responses from mining and exploration companies to assess 104 jurisdictions worldwide on their mineral endowments and policy factors, such as taxation and regulation. In comparison, the 2015 report included 449 responses and 109 jurisdictions.
About half of the 2016 responses came from exploration companies, while the other half came from mainly producers and consulting firms.
Saskatchewan takes the top spot for mining investment, moving up from second place in 2015. Credit: Fraser Institute.
The Canadian think tank started conducting the annual review in 1997, after it noticed mining leaders were uncomfortable with disclosing their investment thoughts around certain jurisdictions and their mining policies in fear of government retribution.
“So, it occurred to us to do an anonymous survey of the people who steer and guide mining investments around the world. We started just with Canada and quickly expanded out,” Green said in a March 2 talk in Toronto.
The Fraser Institute aims to create a “report card” that governments can use to improve their mining-related policy in order to bring in more investments to grow their economic productivity and employment.
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