Politics

Saskatchewan second most attractive jurisdiction worldwide for mining investment; Quebec and Yukon also in global top 10


Annual Survey of Mining Firms, 2021


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CALGARY—Saskatchewan stays Canada’s top-rated jurisdiction for mining funding, finds a brand new examine launched at present by the Fraser Institute, an unbiased, non-partisan Canadian public coverage think-tank.

“The Fraser Institute’s mining survey is the most comprehensive report on government policies that either encourages or discourages mining investment, and Saskatchewan remains not only the top choice in Canada, but second overall globally,” mentioned Elmira Aliakbari, director of the Fraser Institute’s Centre for Pure Useful resource Research and co-author of the examine.

This yr’s report ranks 84 jurisdictions all over the world based mostly on their geologic attractiveness (minerals and metals) and authorities insurance policies that encourage or discourage exploration and funding.

Annual Survey of Mining Firms, 2021 finds that on the Total Funding Attractiveness Index, Saskatchewan ranks within the world prime three for the fourth time in 5 years (having jumped from third in 2020 to second in 2021), adopted by Quebec at sixth, and the Yukon (additionally jumped from 18th final yr to ninth this yr).

Yukon returns to the highest ten most engaging jurisdictions—for the primary time since 2018—as a result of territory’s strong mineral potential and up to date perceived coverage enhancements. Ontario’s total funding attractiveness rating improved this yr (twentieth in 2020 to twelfth in 2021) largely pushed by its improved coverage efficiency on regulatory elements. Conversely, British Columbia continues to carry out poorly on the coverage entrance largely as a result of investor issues over disputed land claims and guarded areas.

“A sound and predictable regulatory regime coupled with competitive fiscal policies help make a jurisdiction attractive in the eyes of mining investors,” mentioned Aliakbari.

“Overall, senior mining executives continue to cite the uncertainty around protected areas, disputed land claims, and environmental regulations as major areas of concern for Canadian provinces and territories,” mentioned Aliakbari.

“Policymakers in every province and territory should understand that mineral deposits alone are not enough to attract investment.”

Total Funding Attractiveness for Canadian Provinces and Territories

(out of 84 worldwide)

Province Rank
Saskatchewan 2
Quebec 6
Yukon 9
Ontario 12
British Columbia 16
Newfoundland and Labrador 21
Nunavut 28
Alberta 30
Manitoba 32
Northwest Territories 35
New Brunswick 36
Nova Scotia 71

Media Contact:
• Elmira Aliakbari, Director, Centre for Pure Useful resource Research, Fraser Institute
• Jairo Yunis, Coverage Analyst, Fraser Institute

To rearrange media interviews or for extra data, please contact:
Drue MacPherson, Fraser Institute
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Fraser Institute — Bio and Archives

The Fraser Institute is an unbiased Canadian public coverage analysis and academic group with workplaces in Vancouver, Calgary, Toronto, and Montreal and ties to a world community of 86 think-tanks. Its mission is to measure, examine, and talk the impression of aggressive markets and authorities intervention on the welfare of people. To guard the Institute’s independence, it doesn’t settle for grants from governments or contracts for analysis. Go to fraserinstitute.org.

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