Nevada rises to top of Fraser Institute mining investment attractiveness study

The Fraser Institute’s Annual Survey of Mining Companies has ranked Nevada as the most attractive jurisdiction in the world for mining and investment.

Nevada rose two places on last year to top the latest rankings, ahead of Western Australia in second and the Canadian provinces of Saskatchewan and Quebec in third and fourth place respectively.

North America held eight of the top 10 attractive mining jurisdictions, with Alaska, Utah, Arizona, Yukon and the Northwest Territories also making the cut. However, Canadian mining hub Ontario fell out of the top 10 entirely, dropping to 20th.

Last year’s top jurisdiction Finland slumped to 17th, while Venezuela sank to the bottom of the list below the likes of Neuquen, Nicaragua and Guatemala.

The study – now in its 21st year – rates 83 jurisdictions around the world based on their geologic attractiveness for minerals and metals, and the extent to which government policies encourage or deter exploration and investment.

“The survey is an attempt to assess how mineral endowments and public policy factors such as taxation and regulatory uncertainty affect exploration investment,” the report stated.

Nevada’s reputation as a world-leading mining hub has been further underscored by the findings, and follows Barrick Gold CEO Mark Bristow’s revelation that Nevada is at the crux of its recent hostile bid for rival Newmont Mining.