REGINA, SASK. — Saskatchewan is the best place in the world for mining investment opportunity, the Mining Journal Intelligence World Risk Report says.
The publication is an annual review of mining risk, including a jurisdiction-by-jurisdiction ratings system and an assessment of general business and operating risks and trends.
“This report confirms that Saskatchewan, through stable policies and regulation, has created among the strongest mining investment climates in the world,” said Bronwyn Eyre, energy and resources minister, in a statement. “The mining sector plays a critical role in our economic recovery, and we will continue to ensure that Saskatchewan is among the top international jurisdictions for investment in the exploration and development of minerals.”
The province took the top spot in the report’s opportunity index section. The section analyzes a combination of perceived mineral potential and investment risk. When ranked for overall investment, Saskatchewan was one of only two jurisdictions that achieved the highest AAA rating. The report weighs five key factors, including legal, governance, social, fiscal and infrastructure performance metrics.
The report, which is published in London, U.K. by an Australian-owned company, uses survey responses from more than 900 mining sector professionals, combined with 10 metrics from established, risk-related indices in determining the rankings. The report ranks 111 jurisdictions across 83 countries.
Saskatchewan is currently at the start of a 10-year growth plan to increase the annual value of uranium sales to $2 billion, potash sales to $9 billion and encouraging the exploration and development of strategic metals and minerals.