best mining by jurisdiction
posted on
Mar 06, 2009 03:52PM
The Company's Eagle Gold Project in Yukon Canada hosts a National Instrument 43-101 compliant Reserve of 2.3 million ounces of gold.
Ranking according to attractiveness of mining policies - The ranking is essentially a composite index that measures the effects on exploration of government policies including uncertainty concerning the administration, interpretation, and enforcement of existing regulations; environmental regulations; regulatory duplication and inconsistencies; taxation; uncertainty concerning native land claims and protected areas; infrastructure; socioeconomic agreements; political stability; labor issues; geological database; and security.
The third column ranks according to whether or not a jurisdiction’s mineral potential under the current policy environment encourages or discourages exploration. Obviously this takes into account mineral potential, meaning that some jurisdictions, which rank high in the policy ranking but have limited hard mineral potential, will rank lower in the mineral potential, while jurisdictions with a weak policy environment but strong mineral potential will do better. This third column is important since "good policies" are of little use if little resources can be expected to be retrieved.
2008/2009 | Ranking of that | |
Ranking according | Name of the | jurisdictions mineral |
to attractiveness | Jurisdiction | potential relative |
of mining policies | to policies | |
1 | Quebec | 2 |
2 | Wyoming | 15 |
3 | Nevada | 4 |
4 | Alberta | 36 |
5 | Nfld. & Labrador | 16 |
6 | New Brunswick | 24 |
7 | Manitoba | 29 |
8 | Chile | 1 |
9 | Saskatchewan | 5 |
10 | Ontario | 32 |
11 | Utah | 8 |
12 | Nova Scotia | 51 |
13 | Sweden | 6 |
14 | Finland | 3 |
15 | Yukon | 28 |
16 | South Australia | 10 |
17 | Alaska | 14 |
18 | Botswana | 17 |
19 | Norway | 31 |
20 | Nth'n Territory | n/a |
21 | Western Australia | 7 |
22 | Spain | 45 |
23 | New South Wales | 12 |
24 | British Columbia | 44 |
25 | Queensland | 13 |
26 | Ireland | 46 |
27 | Arizona | 39 |
28 | Mexico | 9 |
29 | Victoria | 33 |
30 | Peru | 11 |
31 | Tasmania | 25 |
32 | South Dakota | 38 |
33 | Mali | 26 |
34 | Namibia | 34 |
35 | Ghana | 27 |
36 | Idaho | 42 |
37 | Minnesota | 55 |
38 | Colorado | 61 |
39 | Brazil | 21 |
40 | NWT | 49 |
41 | China | 54 |
42 | Burkina Faso | 20 |
43 | Zambia | 23 |
44 | Nunavut | 37 |
45 | New Zealand | 62 |
46 | Colombia | 35 |
47 | Panama | 30 |
48 | Tanzania | 22 |
49 | South Africa | 47 |
50 | Turkey | 18 |
51 | Washington | 66 |
52 | Montana | 63 |
53 | Russia | 53 |
54 | California | 65 |
55 | Mongolia | 57 |
56 | Kazakhstan | 40 |
57 | Argentina | 52 |
58 | New Mexico | 43 |
59 | Philippines | 50 |
60 | Wisconsin | 58 |
61 | Papua New Guinea | 48 |
62 | Indonesia | 41 |
63 | DRC (Congo) | 56 |
64 | Kyrgyzstan | 70 |
65 | Zimbabwe | 71 |
66 | Bolivia | 64 |
67 | India | 60 |
68 | Honduras | 67 |
69 | Guatemala | 59 |
70 | Ecuador | 69 |
71 | Venezuela | 68 |
The rankings above are from a reverse engineered analytical review by Madison Avenue Research of methodology used by the Fraser Institute in it's report, the full mining survey report is available here.