Nevada rose to the No. 3 place in a list of the world’s top jurisdictions for mining based on the 2017 Fraser Institute Survey of Mining Companies.
The state moved up from its fourth-place ranking in 2016. This year, Finland took the No. 1 slot, with the Canadian Province of Saskatchewan in second. Fourth is the Republic of Ireland, followed by Western Australia in fifth. Rounding out the top 10 are Quebec, Ontario, Chile, Arizona and Alaska.
“Rich mineral reserves, competitive taxes, efficient permitting procedures and certainty around environmental regulations will still attract significant investment — even with slumping commodity prices,” said Kenneth Green, senior director of the Fraser Institute’s energy and natural resource studies, in a statement.
The survey went out to 2,700 mining executives between Aug. 22 and Nov. 10, 2017.
From the 360 responses, Fraser Institute evaluated 91 jurisdictions using an “Investment Attractiveness Index,” which considers perception of minerals and policy. Regions are ranked on geologic attractiveness and the effect of government policy on attitudes toward exploration investment. The report was released Feb. 22.
When considering just perception of government policies, Ireland takes the lead as the region with the most attractive policies toward mining. Finland, Saskatchewan, Sweden, Nevada, Northern Ireland, Michigan, Wyoming, Quebec, Newfoundland and Labrador also made the top 10.
Guatemala ranked worst for combined policy and mineral potential. Also in the bottom 10 were Kenya; Mendoza, Argentina; Chubut, Argentina; Mozambique; Bolivia; Venezuela; Romania; China; and Nicaragua.
Overall, investment attractiveness decreased worldwide, according to the report.
Canada ranked as the most attractive region overall, followed by Australia and the United States.