The state of Nevada has recovered the world’s top-ranked jurisdiction spot for mining and exploration it yielded last year to Western Australia, the Fraser Institute’s 2022 annual survey of the global industry shows.
The new version of the Canadian think-tank’s popular ranking was based on answers from 180 participants, which provided sufficient data to evaluate the overall investment attractiveness of 62 jurisdictions.
The ranking is the result of a combination of two indexes — the jurisdiction’s geologic attractiveness (minerals and metals) and government policies that encourage or discourage exploration and investment, including permit times.
Canada’s Saskatchewan continues to be on the podium for overall investment attractiveness, dropping slightly from a rank of 2nd in 2021 to 3rd in 2022. Rounding out the top 10 are Newfoundland & Labrador, Colorado, Northern Territory, Arizona, Quebec, South Australia, and Botswana.
The US, Canada and Australia each have three jurisdictions in this year’s top 10, followed by Africa.
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MineConnect operates MineConnect USA in Elko, Nevada. It is a consortium of mining supply and service companies from Northern Ontario. Our objective is to seek out opportunities and develop partnerships to help fill gaps in the mining industry’s supply chain throughout Nevada, thereby benefiting both our suppliers and the state.
