B.C. Ranks Among Top Third of Jurisdictions for Mining
Thursday, March 8, 2012 @ 3:57 AM
Prince George, B.C. – B.C. is now ranked number 31 of 93 jurisdictions in the world examined on the merits of being a positive place to conduct mining.
The best jurisdiction in the world? New Brunswick. It scored 95 of a possible 100 points, while B.C. scored 62.5
The results are part of the annual survey conducted by the Fraser Institute.
Since 1997, the Fraser Institute has conducted this survey of metal mining and exploration companies to assess how an mineral endowments and public policy factors such as taxation and regulation affect exploration investment. Survey results represent the opinions of executives and exploration managers in mining and mining consulting companies operating around the world.
In previous surveys, B.C. ranked 36 out of 79 jurisdictions last year, 38 of 72 jurisdictions in the 2010 report, and 24th of 71 in 2009.
According to the report, miners are losing some of the glow about future commodity prices. The survey indicates that with the exception of gold pricing, 49% of miners expect prices to increase by 10% or less over the next two years basically holding to the level of inflation. A further 14% expect prices to decline , about 33% predict increases in the range of 20 to 50% and just 4% think prices will increase more than 50%.
Comments
Biased speculation IMO.
Just goes to show you what some people have been saying all along, that opening your doors and giving huge corporate tax breaks to mulitnationals just to bring in business, does not equate to prosperity, as in the case of New Brunswick, one of Canadas’ poorest provinces, but according to the study New Brunswick is a very friendly and corporation endearing environment.
So we went from top 34% in 2009
to top 53% in 2010
top 46% in 2011
and now back to top 33% …..
What would happen if we went further back?
Is this a trend to stay in the same ball park over 4 years?
Why is NB sitting at a raw mark of 95% while BC is at 62.5%?
So here is the report.
http://www.fraserinstitute.org/uploadedFiles/fraser-ca/Content/research-news/research/publications/mining-survey-2011-2012.pdf
Looking at figure 5, it shows the rating given by mining companies (you know, the ones who make the decisions about where to invest) regarding the question
“Uncertainty concerning the adminstration, interpretation, and enforcement of existing regulations”
BC is number 53 of 93 international jurisdictions. In other words, if this is an impoertant criterium then there are 52 international jurisdiction which have less risk in this important element.
So how do we do nationally with respect to this one?
2New Brunswick5% +
5Yukon10%
6Saskatchewan10% +
8Alberta10% +
10Newfoundland and Labrador10% +
15Manitoba10% +
23Quebec20% +
27Nova Scotia20% +
31Ontario20% +
34Nunavut20% +
53British Columbia40% +
56Northwest Territories40% +
The left is international ranking, the right is % of uncertainty.
Hey, it’s just a survey, right.
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