Annual Survey of Mining Companies 2020 Tables and Figures

Mining Survey 2020 - Figures and Tables
Figure 1 - The Position Survey Respondents Hold in Their Company, 2020

Figure 2 - Company Focus as Indicated by Respondents, 2020
Table 1 - Investment Attractiveness Index
Figure 3 - Investment Attractiveness Index
Table 2 - Policy Perception Index
Figure 4 - Policy Perception Index
Table 3 - Best Practices Mineral Potential Index
Figure 5 - Best Practices Mineral Potential Index
Figure 6 - Investment Attractiveness Index-Canada
Table 6 - Explorers vs. Producers in British Columbia, Ontario, and Quebec
Figure 7 - Investment Attractiveness Index-United States
Figure 8 - Investment Attractiveness Index-Australia and Oceania
Figure 9 - Investment Attractiveness Index-Africa
Figure 10 - Investment Attractiveness Index-Argentina, and Latin America and the Caribbean Basin
Figure 11 - Investment Attractiveness Index-Asia
Figure 12 - Investment Attractiveness Index-Europe
Figure 13 - Regional Median Investment Attractiveness Scores 2019 and 2020
Figure 14 - Regional Median Policy Perception Index Scores 2019 and 2020
Single Factor Barriers
Figure 15 - Uncertainty Concerning the Administration, Interpretation and Enforcement of Existing Regulations
Figure 16 - Uncertainty Concerning Environmental Regulations
Figure 17 - Regulatory Duplication and Inconsistencies
Figure 18 - Legal System
Figure 19 - Taxation Regime
Figure 20 - Uncertainty Concerning Disputed Land Claims
Figure 21 - Uncertainty Concerning Protected Areas
Figure 22 - Quality of Infrastructure
Figure 23 - Socioeconomic Agreements/ Community Development Conditions
Figure 24 - Trade Barriers
Figure 25 - Political Stability
Figure 26 - Labor Regulations/Employment Agreements and Labour Militancy/Work Disruptions
Figure 27 - Geological Database
Figure 28 - Security
Figure 29 - Availability of Labor/Skills
Additional Tables
Table A1 - Mineral Potential, Assuming Policies Based on Best Practices

Table A2 - Uncertainty Regarding the Administration, Interpretation, and Enforcement of Existing Regulations
Table A3 - Uncertainty Concerning Environmental Regulations
Table A4 - Regulatory Duplication and Inconsistencies
Table A5 - Legal System
Table A6 - Taxation Regime
Table A7 - Uncertainty Concerning Disputed Land Claims
Table A8 - Uncertainty over which Areas will be Protected as Wilderness, Parks or Archeological Sites
Table A9 - Quality of Infrastructure
Table A10 - Socioeconomic Agreements/Community Development Conditions
Table A11 - Trade Barriers
Table A12 - Political Stability
Table A13 - Labor Regulations/Employment Agreements and Labour Militancy/Work Disruptions
Table A15 - Security
Table A16 - Availability of Labor and Skills
Regulations
egulations
Back to index
Figure 1: The Position Survey Respondents Hold in Their

Company president 43.61%
Vice president 13.16%
Manager 13.91%
Other Senior Management 10.90%
Consultant 7.14%
Other 11.28%
Consulta
7%
Other Senior Management

11%
Mana
14
Respondents Hold in Their Company, 2020
Other
11%
Consultant
7%
Company president
44%
her Senior Management
11%
Manager
14%
Vice president
13%
sident
Back to index
Figure 2: Company Focus as Indicated by Respo
An exploration company 50.37%

A producer company with less than US$50M 5.88%
A producer company with more than US$50M 19.49%
A consulting company 15.81%
Other 8.46%
A consulting com
16%
A producer company with more than US

19%
Focus as Indicated by Respondents, 2020
Other
8%
A consulting company
16%
An exploration company
50%
company with more than US$50M

19%
A producer company with less than US$50M

6%
company
Back to index
Table 1: Investment Attractiv
Score
2020 2019 2018 2017 2016
Alberta 75.47 71.11 62.12 61.77 68.55
British Columbia 77.94 77.47 78.09 74.01 74.15
Manitoba 69.61 68.01 81.78 74.50 89.05
New Brunswick 71.42 53.65 73.42 68.87 69.45
Newfoundland and Labrador 85.17 71.73 82.14 80.58 78.94
Canada
Northwest Territories 65.10 67.93 82.46 73.20 75.77

Nova Scotia 51.56 61.01 59.38 60.41 66.80
Nunavut 68.93 73.24 80.59 70.58 72.52
Ontario 76.43 79.29 78.07 82.15 78.65
Quebec 85.97 77.49 88.38 83.08 85.02
Saskatchewan 89.38 81.75 90.00 87.18 89.91
Yukon 77.30 75.56 83.35 79.67 79.61
Alaska 88.06 84.17 86.08 80.74 80.27
Arizona 90.45 82.43 83.94 81.11 84.91
California 55.47 46.44 56.59 56.84 67.81
Colorado 79.82 68.46 69.28 71.38 68.85
Idaho 85.00 82.78 79.89 70.12 81.34
United States
Michigan* 50.91 ** 70.70 75.67 74.38

Minnesota* 59.29 61.52 70.41 68.89 74.18
Montana 70.51 61.87 72.50 65.90 71.16
Nevada 91.05 87.54 92.99 85.45 87.48
New Mexico* 79.24 54.89 73.98 66.38 75.03
Utah 73.41 80.51 84.29 78.19 81.39
Washington* 65.37 51.55 52.93 49.88 48.58
Wyoming* 72.82 71.41 74.45 58.35 75.26
New South Wales 72.64 62.78 65.56 62.31 61.84
Northern Territory 77.27 81.43 75.93 70.47 77.61
Australia
Queensland 78.00 79.33 81.67 80.53 81.40

South Australia 85.64 83.31 75.46 79.30 81.03
Tasmania* 55.46 75.70 60.31 61.69 64.27
Victoria 58.82 64.27 60.74 51.82 63.96
Western Australia 88.82 92.45 91.47 83.56 88.88
Indonesia* 44.32 73.09 63.10 66.84 50.16
Oceania
New Zealand* 56.12 64.59 66.47 60.51 57.47

Papua New Guinea* 54.67 58.84 66.32 63.91 63.48
Botswana* 81.48 63.39 71.66 63.14 77.62
Burkina Faso* 59.68 61.19 ** 52.64 68.18
Democratic Republic of Congo (DRC)* 58.12 39.20 54.92 61.51 72.80
frica
Ghana* 71.85 ** 54.91 72.13 75.56
Guinea (Conakry)* 65.92 76.64 ** ** **
Mali* 76.27 39.53 62.18 70.74 69.32
Africa
Mauritania* 63.39 ** ** ** **
Mozambique* 61.24 ** ** 30.78 41.87
Namibia* 59.72 58.22 56.66 60.67 66.11
South Africa 56.33 64.79 65.30 62.06 53.62
Tanzania* 42.08 32.82 55.04 46.79 60.45
Zambia* 60.83 37.90 63.60 59.34 72.78
Zimbabwe* 49.52 44.81 56.57 54.32 41.84
Catamarca 65.49 63.93 68.39 53.91 50.38
Chubut 40.58 33.13 54.83 30.54 31.47
Jujuy 63.55 51.21 52.61 58.57 24.83
Argentina
La Rioja* 44.44 34.48 48.70 46.06 33.94

Mendoza 48.98 44.46 50.15 29.29 35.51
Rio Negro* 54.79 44.76 ** ** **
Salta 74.69 67.19 54.09 62.51 69.25
San Juan 63.35 76.20 55.90 63.21 63.69
Latin America and the Caribbean Basin
Santa Cruz 67.39 60.49 62.46 60.98 54.80

Bolivia 45.16 62.36 49.53 33.68 48.74
Brazil 69.29 63.36 58.63 55.12 62.51
Chile 72.11 77.72 84.90 81.51 69.66
Colombia 72.29 57.99 62.58 56.10 59.52
Dominican Republic* 56.54 35.85 45.77 51.33 42.82
Ecuador 57.95 56.80 59.79 52.09 50.38
Guyana* 51.54 65.17 67.27 50.42 68.97
Mexico 66.87 65.43 73.91 63.03 67.06
Peru 70.41 75.14 81.55 74.26 73.47
Venezuela* 17.14 38.18 27.69 36.43 27.86
Finland 82.75 92.00 79.04 89.04 85.56
Greenland* 66.91 64.68 55.93 66.97 64.63
Ireland, Republic of 80.40 83.22 78.07 84.40 83.13
Northern Ireland* 70.23 ** 75.28 62.29 72.41
Europe
Norway 59.65 70.26 61.65 63.24 70.59

Portugal* 72.26 83.92 63.12 67.80 70.86
Russia* 74.53 ** 74.23 67.51 69.02
Spain* 49.76 ** 64.99 66.69 70.39
Sweden 69.66 82.00 77.89 76.88 84.26
Turkey* 79.27 81.60 56.72 52.60 60.67
* Between 5 and 9 responses on one or more questions

** Not Available
e 1: Investment Attractiveness Index
Rank
2020 2019 2018 2017 2016
22/77 30/76 51/83 49/91 47/104
17/77 19/76 18/83 20/91 27/104
37/77 34/76 12/83 18/91 2/104
32/77 60/76 30/83 30/91 40/104
8/77 28/76 11/83 11/91 16/104
46/77 35/76 10/83 21/91 21/104
66/77 52/76 57/83 56/91 52/104
39/77 26/76 15/83 26/91 31/104
20/77 16/76 20/83 7/91 18/104
6/77 18/76 4/83 6/91 6/104
3/77 11/76 3/83 2/91 1/104
18/77 23/76 9/83 13/91 15/104
5/77 4/76 5/83 10/91 14/104
2/77 9/76 8/83 9/91 7/104
62/77 63/76 61/83 62/91 49/104
13/77 32/76 35/83 23/91 46/104
9/77 8/76 16/83 28/91 12/104
68/77 ** 33/83 17/91 25/104
55/77 50/76 34/83 29/91 26/104
33/77 49/76 31/83 38/91 35/104
1/77 3/76 1/83 3/91 4/104
15/77 59/76 28/83 37/91 24/104
25/77 14/76 7/83 15/91 11/104
45/77 61/76 71/83 76/91 84/104
26/77 29/76 26/83 60/91 23/104
27/77 47/76 42/83 46/91 62/104
19/77 13/76 23/83 27/91 20/104
16/77 15/76 13/83 12/91 10/104
7/77 6/76 24/83 14/91 13/104
63/77 22/76 55/83 50/91 56/104
56/77 43/76 54/83 71/91 57/104
4/77 1/76 2/83 5/91 3/104
74/77 27/76 47/83 35/91 78/104
61/77 42/76 40/83 55/91 67/104
65/77 54/76 41/83 40/91 59/104
11/77 45/76 32/83 43/91 19/104
53/77 51/76 ** 68/91 48/104
57/77 69/76 67/83 51/91 29/104
31/77 ** 68/83 22/91 22/104
43/77 20/76 ** ** **
21/77 68/76 50/83 25/91 42/104
48/77 ** ** ** **
50/77 ** ** 87/91 95/104
52/77 55/76 60/83 54/91 53/104
60/77 40/76 43/83 48/91 74/104
75/77 76/76 66/83 79/91 64/104
51/77 71/76 45/83 58/91 30/104
70/77 64/76 62/83 66/91 96/104
44/77 44/76 37/83 67/91 77/104
76/77 75/76 69/83 88/91 101/104
47/77 62/76 72/83 59/91 104/104
73/77 74/76 75/83 80/91 99/104
71/77 66/76 73/83 89/91 98/104
64/77 65/76 ** ** **
23/77 36/76 70/83 45/91 43/104
49/77 21/76 64/83 42/91 58/104
40/77 53/76 49/83 52/91 72/104
72/77 48/76 74/83 86/91 83/104
38/77 46/76 58/83 65/91 61/104
30/77 17/76 6/83 8/91 39/104
28/77 56/76 48/83 64/91 65/104
59/77 72/76 76/83 72/91 92/104
58/77 57/76 56/83 70/91 76/104
67/77 39/76 39/83 74/91 45/104
42/77 38/76 29/83 44/91 50/104
34/77 24/76 14/83 19/91 28/104
77/77 70/76 83/83 85/91 102/104
10/77 2/76 17/83 1/91 5/104
41/77 41/76 63/83 34/91 55/104
12/77 7/76 19/83 4/91 9/104
35/77 ** 25/83 47/91 32/104
54/77 31/76 53/83 41/91 37/104
29/77 5/76 46/83 32/91 36/104
24/77 ** 27/83 33/91 44/104
69/77 ** 44/83 36/91 38/104
36/77 10/76 21/83 16/91 8/104
14/77 12/76 59/83 69/91 63/104
Back to index
Figure 3: Investment Attractiveness Index
Jurisdiction Score
Venezuela* 17.14
Chubut 40.58
Tanzania* 42.08
Indonesia* 44.32
La Rioja* 44.44
Bolivia 45.16
Mendoza 48.98
Zimbabwe* 49.52
Spain* 49.76
Michigan* 50.91
Guyana* 51.54
Nova Scotia 51.56
Papua New Guinea* 54.67
Rio Negro* 54.79
Tasmania* 55.46
California 55.47
New Zealand* 56.12
South Africa 56.33
Dominican Republic* 56.54
Ecuador 57.95
Democratic Rep. of Congo (DRC)* 58.12
Victoria 58.82
Minnesota* 59.29
Norway 59.65
Burkina Faso* 59.68
Namibia* 59.72
Zambia* 60.83
Mozambique* 61.24
San Juan 63.35
Mauritania* 63.39
Jujuy 63.55
Northwest Territories 65.10
Washington* 65.37
Catamarca 65.49
Guinea (Conakry)* 65.92
Mexico 66.87
Greenland* 66.91
Santa Cruz 67.39
Nunavut 68.93
Brazil 69.29
Manitoba 69.61
Sweden 69.66
Northern Ireland* 70.23
Peru 70.41
Montana 70.51
New Brunswick 71.42
Ghana* 71.85
Chile 72.11
Portugal* 72.26
Colombia 72.29
New South Wales 72.64
Wyoming* 72.82
Utah 73.41
Russia* 74.53
Salta 74.69
Alberta 75.47
Mali* 76.27
Ontario 76.43
Northern Territory 77.27
Yukon 77.30
British Columbia 77.94
Queensland 78.00
New Mexico* 79.24
Turkey* 79.27
Colorado 79.82
Ireland, Republic of 80.40
Botswana* 81.48
Finland 82.75
Idaho 85.00
Newfoundland & Labrador 85.17
South Australia 85.64
Quebec 85.97
Alaska 88.06
Western Australia 88.82
Saskatchewan 89.38
Arizona 90.45
Nevada 91.05
nt Attractiveness Index
Nevada
Arizona
Saskatchewan
Western Australia
Alaska
Quebec
South Australia
Newfoundland & Labrador
Idaho
Finland
Botswana*
Ireland, Republic of
Colorado
Turkey*
New Mexico*
Queensland
British Columbia
Yukon
Northern Territory
Ontario
Mali*
Alberta
Salta
Russia*
Utah
Wyoming*
New South Wales

Salta
Russia*
Utah
Wyoming*
New South Wales
Colombia
Portugal*
Chile
Ghana*
New Brunswick
Montana
Peru
Northern Ireland*
Sweden
Manitoba
Brazil
Nunavut
0 10 20 30 40 50 60 70 80 90 100
Santa Cruz
Greenland*
Mexico
Guinea (Conakry)*
Catamarca
Washington*
Northwest Territories
Jujuy
Mauritania*
San Juan
Mozambique*
Zambia*
Namibia*
Burkina Faso*
Norway
Minnesota*
Victoria
Democratic Rep. of Congo (DRC)*
Ecuador
Dominican Republic*
South Africa
New Zealand*
California
Tasmania*
Rio Negro*
Papua New Guinea*

California
Tasmania*
Rio Negro*
Papua New Guinea*
Nova Scotia
Guyana*
Michigan*
Spain*
Zimbabwe*
Mendoza
Bolivia
La Rioja*
Indonesia*
Tanzania*
Chubut
Venezuela*
80 90 100
0 20 40 60 80 100
100
Back to index
Table 2: Policy Perceptio
Score
2020 2019 2018 2017
Alberta 90.24 92.05 94.37 84.42
British Columbia 75.36 71.80 75.98 73.80
Manitoba 65.40 61.42 83.29 78.76
New Brunswick 88.55 87.24 96.04 86.47
Newfoundland and Labrador 95.93 90.69 92.85 87.46
Canada
Northwest Territories 67.55 63.24 77.16 69.37

Nova Scotia 82.48 85.87 94.89 82.28
Nunavut 70.33 67.19 74.55 67.58
Ontario 80.70 82.46 84.87 82.96
Quebec 90.50 83.57 95.11 87.47
Saskatchewan 95.24 90.25 100.00 91.81
Yukon 76.80 76.40 86.87 82.69
Alaska 92.65 86.52 85.48 76.85
Arizona 96.33 89.83 91.67 85.28
California 63.67 62.52 69.60 59.61
Colorado 79.56 81.16 85.16 74.87
Idaho 100.00 91.57 94.72 84.52
United States
Michigan* 82.26 ** 90.20 89.18

Minnesota* 80.71 69.43 90.31 76.77
Montana 81.27 72.87 81.24 66.06
Nevada 98.64 95.00 99.31 90.50
New Mexico* 94.97 82.68 93.87 82.61
Utah 97.00 94.14 96.25 86.73
Washington* 79.05 70.54 77.77 69.71
Wyoming* 99.54 86.85 93.83 87.55
New South Wales 72.13 66.96 71.60 63.21
Northern Territory 78.48 77.26 77.32 75.31
Australia
Queensland 81.12 76.91 84.64 75.78

South Australia 90.88 85.55 89.65 80.39
Tasmania* 82.40 73.33 84.11 75.65
Victoria 77.40 67.81 76.85 63.93
Western Australia 94.77 93.99 96.68 83.51
Indonesia* 54.54 47.74 54.64 39.92
Oceania
New Zealand* 80.29 72.83 85.40 64.43
Papua New Guinea* 53.35 49.60 60.81 47.27

Botswana* 91.20 83.48 94.77 82.84
Burkina Faso* 61.70 55.48 ** 62.84
Democratic Republic of Congo (DRC)* 53.64 38.00 34.18 35.03
Africa
Ghana* 74.62 ** 62.27 64.42
Guinea (Conakry)* 74.81 41.60 ** **
Mali* 78.18 45.27 60.00 66.86
Africa
Mauritania* 62.03 ** ** **
Mozambique* 63.11 ** ** 51.96
Namibia* 74.30 87.22 80.71 71.11
South Africa 60.81 59.71 64.57 42.66
Tanzania* 48.94 28.47 56.83 45.11
Zambia* 64.56 38.50 65.25 53.34
Zimbabwe* 39.42 26.31 47.68 29.54
Catamarca 74.67 68.17 79.31 70.50
Chubut 38.94 30.89 37.07 26.34
Jujuy 70.63 57.44 56.53 54.75
Argentina
La Rioja* 54.84 42.44 46.76 52.66

Mendoza 47.45 36.14 50.37 43.22
Rio Negro* 83.40 70.23 ** **
Salta 87.87 77.97 67.72 71.89
San Juan 75.04 80.21 64.76 66.96
Santa Cruz 76.17 63.73 65.09 61.38

Bolivia 44.73 37.15 48.81 40.45
Brazil 66.65 69.75 64.43 55.66
Chile 83.06 86.86 88.61 80.55
Colombia 64.83 58.73 58.96 44.80
Dominican Republic* 66.35 57.48 64.42 61.66
Ecuador 54.87 49.69 51.64 42.18
Guyana* 68.84 59.80 68.18 61.76
Mexico 64.41 62.72 71.32 65.13
Peru 75.16 67.02 79.66 68.99
Venezuela* 0.00 0.00 0.00 0.00
Finland 99.07 100.00 99.16 98.84
Greenland* 67.27 64.20 55.46 63.07
Ireland, Republic of 98.72 95.54 97.68 100.00
Northern Ireland* 92.24 ** 96.55 89.56
Europe
Norway 81.61 84.00 85.38 77.75

Portugal* 93.16 89.81 93.50 87.01
Russia* 73.83 ** 67.71 60.44
Spain* 79.40 ** 79.13 83.39
Sweden 88.42 89.62 96.28 91.11
Turkey* 69.60 78.99 59.98 52.74

** Not Available
Table 2: Policy Perception Index
e Rank
2016 2020 2019 2018 2017 2016
83.89 18/77 6/76 14/83 16/91 28/104
76.57 41/77 36/76 44/83 36/91 41/104
96.62 58/77 53/76 33/83 27/91 6/104
94.21 19/77 13/76 9/83 13/91 8/104
89.01 8/77 8/76 18/83 10/91 18/104
72.77 54/77 50/76 42/83 42/91 48/104
91.99 24/77 18/76 11/83 24/91 11/104
68.80 51/77 44/76 45/83 44/91 58/104
84.69 31/77 24/76 30/83 20/91 26/104
89.82 17/77 21/76 10/83 9/91 17/104
98.87 9/77 9/76 1/83 3/91 2/104
84.81 39/77 32/76 24/83 22/91 25/104
85.42 13/77 17/76 26/83 29/91 23/104
90.64 7/77 10/76 19/83 14/91 14/104
57.04 62/77 52/76 49/83 61/91 74/104
73.02 33/77 25/76 29/83 35/91 47/104
90.86 1/77 7/76 13/83 15/91 13/104
90.49 26/77 ** 21/83 7/91 15/104
78.31 30/77 40/76 20/83 30/91 37/104
71.16 28/77 34/76 35/83 47/91 52/104
97.64 5/77 3/76 2/83 5/91 5/104
81.89 10/77 23/76 15/83 23/91 30/104
88.09 6/77 4/76 8/83 12/91 20/104
63.13 35/77 37/76 40/83 41/91 67/104
94.40 2/77 16/76 16/83 8/91 7/104
63.91 49/77 46/76 47/83 53/91 66/104
85.70 36/77 30/76 41/83 33/91 22/104
78.50 29/77 31/76 31/83 31/91 36/104
87.05 16/77 19/76 22/83 26/91 21/104
81.51 25/77 33/76 32/83 32/91 32/104
73.80 38/77 43/76 43/83 52/91 42/104
93.20 11/77 5/76 5/83 17/91 9/104
29.93 69/77 64/76 70/83 84/91 99/104
77.51 32/77 35/76 27/83 50/91 39/104
47.99 71/77 63/76 61/83 77/91 83/104

91.79 15/77 22/76 12/83 21/91 12/104
72.37 65/77 60/76 ** 55/91 51/104
60.58 70/77 70/76 82/83 87/91 70/104
81.76 46/77 ** 60/83 51/91 31/104
** 44/77 68/76 ** ** **
65.48 37/77 65/76 63/83 46/91 61/104
** 64/77 ** ** ** **
59.66 63/77 ** ** 74/91 72/104
77.77 47/77 14/76 36/83 39/91 38/104
47.50 66/77 56/76 56/83 81/91 84/104
66.13 72/77 74/76 66/83 78/91 59/104
73.61 60/77 69/76 53/83 71/91 43/104
18.06 75/77 75/76 76/83 89/91 102/104
59.28 45/77 41/76 38/83 40/91 73/104
31.79 76/77 73/76 80/83 90/91 98/104
37.07 50/77 59/76 67/83 69/91 93/104
37.96 68/77 67/76 77/83 73/91 92/104
34.23 73/77 72/76 73/83 80/91 96/104
** 22/77 38/76 ** ** **
83.13 21/77 29/76 51/83 38/91 29/104
73.50 43/77 27/76 55/83 45/91 46/104
62.00 40/77 49/76 54/83 58/91 69/104
42.16 74/77 71/76 75/83 83/91 87/104
64.97 56/77 39/76 57/83 66/91 64/104
78.68 23/77 15/76 23/83 25/91 35/104
45.68 59/77 57/76 65/83 79/91 86/104
62.04 57/77 58/76 58/83 57/91 68/104
34.28 67/77 62/76 72/83 82/91 95/104
72.44 53/77 55/76 50/83 56/91 50/104
69.97 61/77 51/76 48/83 49/91 53/104
69.54 42/77 45/76 37/83 43/91 54/104
0.00 77/77 76/76 83/83 91/91 104/104
97.64 3/77 1/76 3/83 2/91 4/104
65.14 55/77 48/76 69/83 54/91 63/104
100.00 4/77 2/76 4/83 1/91 1/104
92.97 14/77 ** 6/83 6/91 10/104
88.98 27/77 20/76 28/83 28/91 19/104
90.30 12/77 11/76 17/83 11/91 16/104
64.22 48/77 ** 52/83 60/91 65/104
85.18 34/77 ** 39/83 18/91 24/104
98.15 20/77 12/76 7/83 4/91 3/104
54.61 52/77 28/76 64/83 72/91 78/104
Back to index
Figure 4: Policy Perception Index
Jurisdiction PPI
Venezuela* 0.00
Chubut 38.94 Idaho
Zimbabwe* 39.42
Wyoming*
Bolivia 44.73
Mendoza 47.45 Finland
Tanzania* 48.94
Papua New Guinea* 53.35 Ireland, Republic of
Democratic Rep. of Congo (DRC)* 53.64 Nevada
Indonesia* 54.54
La Rioja* 54.84 Utah
Ecuador 54.87
South Africa 60.81
Arizona
Burkina Faso* 61.70 Newfoundland & Labrador
Mauritania* 62.03
Mozambique* 63.11 Saskatchewan
California 63.67
New Mexico*
Mexico 64.41
Zambia* 64.56 Western Australia
Colombia 64.83
Manitoba 65.40 Portugal*
Alaska
Brazil 66.65
Greenland* 67.27 Northern Ireland*
Northwest Territories 67.55
Guyana* 68.84 Botswana*
Turkey* 69.60 South Australia
Nunavut 70.33
Jujuy 70.63 Quebec
Russia* 73.83
Alberta
Namibia* 74.30 New Brunswick
Ghana* 74.62
Catamarca 74.67 Sweden
Guinea (Conakry)* 74.81
Salta
San Juan 75.04
Peru 75.16 Rio Negro*
British Columbia 75.36
Santa Cruz 76.17 Chile
Yukon 76.80
Nova Scotia
Victoria 77.40
Mali* 78.18 Tasmania*
Northern Territory 78.48
Michigan*
Norway
Montana
Nova Scotia
Tasmania*
Washington* 79.05 Michigan*

Spain* 79.40 Norway
Colorado 79.56
New Zealand* 80.29 Montana
Ontario 80.70
Minnesota* 80.71
Queensland
Queensland 81.12 Minnesota*
Montana 81.27
Norway 81.61 Ontario
Michigan* 82.26
New Zealand*
Tasmania* 82.40
Nova Scotia 82.48 Colorado
Chile 83.06
Rio Negro* 83.40 Spain*
Salta 87.87
Washington*
Sweden 88.42
New Brunswick 88.55 Northern Territory
Alberta 90.24
Quebec 90.50 Mali*
South Australia 90.88
Victoria
Botswana* 91.20
Northern Ireland* 92.24 Yukon
Alaska 92.65
Portugal* 93.16 0 10 20 30 40
New Mexico* 94.97
Saskatchewan 95.24
Newfoundland & Labrador 95.93
Arizona 96.33
Utah 97.00
Nevada 98.64
Ireland, Republic of 98.72
Finland 99.07
Wyoming* 99.54
Idaho 100.00
ception Index
Santa Cruz
daho
British Columbia
ming*
Peru
nland
San Juan
lic of
vada Guinea (Conakry)*
Utah Catamarca
izona Ghana*
rador Namibia*
ewan Russia*
xico* New South Wales
tralia Jujuy
ugal* Nunavut
laska Turkey*
and* Guyana*
ana*
tralia
Greenland*
uebec
Brazil
berta
Dominican Republic*
wick
Manitoba
eden
Colombia
Salta
Zambia*
egro*
Mexico
Chile
California
cotia
Mozambique*
ania*
Mauritania*
gan*
rway Burkina Faso*
ntana South Africa

California
cotia
Mozambique*
ania*
Mauritania*
gan*
rway Burkina Faso*
ntana South Africa
sland Ecuador
sota* La Rioja*
ntario Indonesia*
and* Democratic Rep. of Congo (DRC)*
orado Papua New Guinea*

pain* Tanzania*
gton* Mendoza
ritory Bolivia
Mali* Zimbabwe*
ctoria
Chubut
ukon
Venezuela*
0 10 20 30 40 50 60 70 80 90 100
0 20 40
uz
ia
ru
an
)*
ca
a*
a*
a*
es
uy
ut
y*
a*
es
d*
zil
c*
ba
ia
a*
co
ia
e*
a*
o*
ca
ia
e*
a*
o*
ca
or
a*
a*
)*
a*
a*
za
ia
e*
ut
a*
0 20 40 60 80 100
Back to index
Table 3: Best Practices Mineral Pote
Score
2020 2019 2018 2017 2016
Alberta 65.63 57.14 40.63 46.67 58.33
British Columbia 79.66 81.25 79.49 74.16 72.53
Manitoba 72.41 72.41 80.77 71.67 84.00
New Brunswick 60.00 31.25 58.33 57.14 52.94
Newfoundland and Labrador 78.00 59.09 75.00 76.00 72.22
Canada
Northwest Territories 63.46 71.05 86.00 75.76 77.78

Nova Scotia 30.95 44.44 35.71 45.83 50.00
Nunavut 68.00 77.27 84.62 72.58 75.00
Ontario 73.58 77.17 73.53 81.62 74.62
Quebec 82.95 73.44 83.90 80.16 81.82
Saskatchewan 85.48 76.09 83.33 84.09 83.93
Yukon 77.63 75.00 81.00 77.66 76.14
Alaska 85.00 82.61 86.49 83.33 76.83
Arizona 86.54 77.50 78.79 78.33 81.08
California 50.00 35.71 47.92 55.00 75.00
Colorado 80.00 60.00 58.70 69.05 66.07
Idaho 75.00 76.92 70.00 60.53 75.00
United States
Michigan* 30.00 ** 57.69 66.67 63.64

Minnesota* 45.00 56.25 57.14 63.64 71.43
Montana 63.33 54.55 66.67 65.79 71.15
Nevada 86.00 82.56 88.78 82.08 80.70
New Mexico* 68.75 36.36 60.71 55.56 70.45
Utah 57.69 71.43 76.32 72.50 76.92
Washington* 56.25 38.89 36.36 36.67 38.89
Wyoming* 55.00 61.11 61.54 38.89 62.50
New South Wales 72.97 60.00 61.54 61.70 60.47
Northern Territory 76.47 84.21 75.00 67.24 72.22
Australia
Queensland 75.93 80.95 79.69 83.70 83.33

South Australia 82.14 81.82 66.00 78.57 77.03
Tasmania* 37.50 77.27 44.44 52.38 52.78
Victoria 46.43 61.90 50.00 43.75 57.41
Western Australia 84.85 91.43 88.00 83.59 86.00
Indonesia* 37.50 90.00 68.75 84.78 63.64
Oceania
New Zealand* 40.00 59.09 53.85 57.89 44.12
Papua New Guinea* 55.56 65.00 70.00 75.00 73.81

Botswana* 75.00 50.00 56.25 50.00 68.18
Burkina Faso* 58.33 65.00 ** 45.83 65.38
Democratic Republic of Congo (DRC)* 61.11 40.00 68.75 79.17 80.95
Africa
Ghana* 70.00 ** 50.00 77.27 71.43
Guinea (Conakry)* 60.00 100.00 ** ** **
Mali* 75.00 35.71 63.64 73.33 71.88
Africa
Mauritania* 64.29 ** ** ** **
Mozambique* 60.00 ** ** 16.67 30.00
Namibia* 50.00 38.89 40.63 53.70 58.33
South Africa 53.33 68.18 65.79 75.00 57.69
Tanzania* 37.50 35.71 53.85 47.92 56.67
Zambia* 58.33 37.50 62.50 63.33 72.22
Zimbabwe* 56.25 57.14 62.50 70.83 57.69
Catamarca 59.38 61.11 61.11 42.86 44.44
Chubut 41.67 34.62 66.67 33.33 31.25
Jujuy 58.82 47.06 50.00 61.11 16.67
Argentina
La Rioja* 37.50 29.17 50.00 41.67 31.25

Mendoza 50.00 50.00 50.00 20.00 36.36
Rio Negro* 35.71 27.78 ** ** **
Salta 65.91 60.00 45.00 56.25 60.00
San Juan 55.56 73.53 50.00 60.71 57.14
Santa Cruz 61.54 58.33 60.71 60.71 50.00

Bolivia 45.45 79.17 50.00 29.17 53.13
Brazil 71.05 59.09 54.76 54.76 60.87
Chile 64.81 71.62 82.43 82.14 63.64
Colombia 77.27 57.50 65.00 63.64 68.75
Dominican Republic* 50.00 21.43 33.33 44.44 30.00
Ecuador 60.00 61.54 65.22 58.70 61.11
Guyana* 40.00 68.75 66.67 42.86 66.67
Mexico 68.52 67.24 75.64 61.63 65.12
Peru 67.24 80.56 82.81 77.78 76.09
Venezuela* 28.57 63.64 46.15 60.71 46.43
Finland 71.88 86.67 65.63 82.50 77.50
Greenland* 66.67 65.00 56.25 69.57 64.29
Ireland, Republic of 68.18 75.00 65.00 74.00 71.88
Northern Ireland* 55.56 ** 61.11 44.12 58.70
Europe
Norway 45.00 61.11 45.83 53.57 58.33

Portugal* 58.33 80.00 42.86 55.00 57.89
Russia* 75.00 ** 78.57 72.22 72.22
Spain* 30.00 ** 55.56 55.56 60.53
Sweden 57.14 76.92 65.63 67.39 75.00
Turkey* 85.71 83.33 54.55 52.50 64.71

** Not Available
Practices Mineral Potential Index
Rank
2020 2019 2018 2017 2016
33/77 54/76 74/83 69/91 61/104
10/77 10/76 13/83 22/91 24/104
22/77 26/76 11/83 28/91 2/104
42/77 72/76 49/83 52/91 74/104
11/77 50/76 18/83 18/91 25/104
36/77 29/76 4/83 19/91 11/104
74/77 61/76 79/83 70/91 76/104
29/77 16/76 5/83 25/91 18/104
20/77 18/76 20/83 9/91 22/104
7/77 25/76 6/83 10/91 5/104
4/77 21/76 7/83 2/91 3/104
12/77 22/76 10/83 16/91 16/104
5/77 7/76 3/83 5/91 15/104
1/77 15/76 14/83 13/91 6/104
58/77 69/76 67/83 57/91 19/104
9/77 45/76 48/83 31/91 41/104
17/77 19/76 21/83 46/91 20/104
75/77 ** 51/83 34/91 47/104
64/77 55/76 52/83 37/91 31/104
37/77 56/76 28/83 35/91 34/104
2/77 8/76 1/83 8/91 8/104
26/77 67/76 45/83 55/91 35/104
49/77 28/76 16/83 26/91 14/104
51/77 65/76 78/83 82/91 93/104
56/77 43/76 42/83 81/91 51/104
21/77 47/76 41/83 40/91 56/104
14/77 5/76 19/83 33/91 26/104
15/77 11/76 12/83 3/91 4/104
8/77 9/76 29/83 12/91 13/104
72/77 17/76 71/83 63/91 75/104
62/77 40/76 66/83 77/91 68/104
6/77 2/76 2/83 4/91 1/104
69/77 3/76 25/83 1/91 48/104
68/77 49/76 58/83 51/91 86/104
54/77 38/76 23/83 20/91 23/104

16/77 59/76 53/83 64/91 38/104
46/77 37/76 ** 71/91 42/104
39/77 63/76 24/83 11/91 7/104
25/77 ** 61/83 17/91 33/104
40/77 1/76 ** ** **
18/77 70/76 38/83 24/91 29/104
35/77 ** ** ** **
41/77 ** ** 90/91 99/104
61/77 64/76 75/83 60/91 62/104
57/77 34/76 30/83 21/91 66/104
71/77 68/76 59/83 68/91 71/104
48/77 66/76 39/83 39/91 27/104
52/77 53/76 40/83 29/91 67/104
44/77 44/76 43/83 78/91 85/104
66/77 71/76 26/83 85/91 97/104
45/77 60/76 62/83 42/91 103/104
70/77 73/76 63/83 80/91 98/104
60/77 58/76 64/83 89/91 95/104
73/77 74/76 ** ** **
32/77 46/76 70/83 54/91 59/104
55/77 24/76 65/83 43/91 69/104
38/77 51/76 46/83 44/91 78/104
63/77 14/76 60/83 87/91 73/104
24/77 48/76 56/83 59/91 54/104
34/77 27/76 9/83 7/91 49/104
13/77 52/76 34/83 38/91 36/104
59/77 76/76 80/83 74/91 100/104
43/77 41/76 33/83 47/91 53/104
67/77 32/76 27/83 79/91 40/104
27/77 35/76 17/83 41/91 43/104
30/77 12/76 8/83 14/91 17/104
77/77 39/76 68/83 45/91 83/104
23/77 4/76 31/83 6/91 12/104
31/77 36/76 54/83 30/91 46/104
28/77 23/76 35/83 23/91 30/104
53/77 ** 44/83 76/91 60/104
65/77 42/76 69/83 61/91 64/104
47/77 13/76 72/83 58/91 65/104
19/77 ** 15/83 27/91 28/104
76/77 ** 55/83 56/91 55/104
50/77 20/76 32/83 32/91 21/104
3/77 6/76 57/83 62/91 44/104
Back to index Figure 5: Best Practices Mineral
Jurisdiction Encourages InvestmWeighted--Not a Sum - Best Practices Mineral Potential Index

Venezuela* 29% 0% 28.57
Michigan* 0% 30% 30.00 Arizona
Spain* 0% 30% 30.00
Nova Scotia 19% 12% 30.95 Nevada
Rio Negro* 14% 21% 35.71 Turkey*
Indonesia* 13% 25% 37.50
La Rioja* 13% 25% 37.50 Saskatchewan
Tanzania* 25% 13% 37.50
Alaska
Tasmania* 13% 25% 37.50
Guyana* 20% 20% 40.00 Western Australia
New Zealand* 40% 0% 40.00
Quebec
Chubut 25% 17% 41.67
Minnesota* 10% 35% 45.00 South Australia
Norway 10% 35% 45.00
Colorado
Bolivia 36% 9% 45.45
Victoria 29% 18% 46.43 British Columbia
California 23% 27% 50.00
Dominican Republic 20% 30% 50.00 Newfoundland & Labrador
Mendoza 36% 14% 50.00 Yukon
Namibia* 17% 33% 50.00
South Africa 40% 13% 53.33 Colombia
Wyoming* 20% 35% 55.00 Northern Territory
Northern Ireland* 44% 11% 55.56
Papua New Guinea* 44% 11% 55.56 Queensland
San Juan 44% 11% 55.56 Russia*
Washington* 38% 19% 56.25
Zimbabwe* 38% 19% 56.25 Mali*
Sweden 29% 29% 57.14
Idaho
Utah 38% 19% 57.69
Burkina Faso* 17% 42% 58.33 Botswana*
Portugal* 17% 42% 58.33
Ontario
Zambia* 50% 8% 58.33
Jujuy 47% 12% 58.82 New South Wales
Catamarca 56% 3% 59.38
Manitoba
Ecuador 47% 13% 60.00
Guinea (Conakry)* 40% 20% 60.00 Finland
Mozambique* 20% 40% 60.00
New Brunswick 40% 20% 60.00 Brazil
Democratic Rep. of 56% 6% 61.11 Ghana*
Santa Cruz 54% 8% 61.54
Montana 40% 23% 63.33 New Mexico*
Northwest Territorie 54% 10% 63.46 Mexico
Nunavut
Ghana*
New Mexico*
Mexico
Mauritania* 43% 21% 64.29
Chile 44% 20% 64.81 Ireland, Republic of
Alberta 50% 16% 65.63 Nunavut
Salta 50% 16% 65.91
Greenland* 50% 17% 66.67 Peru
Peru 52% 16% 67.24
Greenland*
Nunavut 56% 12% 68.00
Ireland, Republic of 55% 14% 68.18 Salta
Mexico 52% 17% 68.52
Alberta
New Mexico* 50% 19% 68.75
Ghana* 40% 30% 70.00 Chile
Brazil 42% 29% 71.05
Mauritania*
Finland 50% 22% 71.88
Manitoba 55% 17% 72.41 Northwest Territories
New South Wales 57% 16% 72.97
Ontario 53% 21% 73.58 Montana
Botswana* 50% 25% 75.00 Santa Cruz
Idaho 57% 18% 75.00
Mali* 50% 25% 75.00 Democratic Rep. of Congo (DRC)*
Russia* 67% 8% 75.00
0%
Queensland 56% 20% 75.93
Northern Territory 53% 24% 76.47
Colombia 73% 5% 77.27
Yukon 66% 12% 77.63
Newfoundland & Lab 60% 18% 78.00
British Columbia 64% 15% 79.66
Colorado 67% 13% 80.00 Encourages
South Australia 64% 18% 82.14 investment
Quebec 70% 13% 82.95
Weighted--
Western Australia 76% 9% 84.85 Not a deterrent
Alaska 73% 12% 85.00
Saskatchewan 77% 8% 85.48
Turkey* 86% 0% 85.71
Nevada 76% 10% 86.00
Arizona 73% 13% 86.54
Best Practices Mineral Potential Index
Arizona New Brunswick
Nevada Mozambique*
Turkey* Guinea (Conakry)*
Saskatchewan Ecuador
Alaska Catamarca
Western Australia Jujuy
Quebec Zambia*
South Australia Portugal*
Colorado Burkina Faso*
British Columbia Utah
oundland & Labrador Sweden

Yukon Zimbabwe*
Colombia Washington*
Northern Territory San Juan
Queensland Papua New Guinea*
Russia* Northern Ireland*
Mali* Wyoming*
Idaho
South Africa
Botswana*
Namibia*
Ontario
Mendoza
New South Wales
Dominican Republic*
Manitoba
California
Finland
Victoria
Brazil
Bolivia
Ghana*
Norway
New Mexico*
Minnesota*
Mexico
Chubut
New Zealand*
Nunavut
Guyana*
Ghana*
Norway
New Mexico*
Minnesota*
Mexico
Chubut
New Zealand*
Nunavut
Guyana*
Peru
Tasmania*
Greenland*
Tanzania*
Salta
La Rioja*
Alberta
Indonesia*
Chile
Rio Negro*
Mauritania*
Nova Scotia
Encourages
Spain* investment
Montana
Michigan* Weighted--
Santa Cruz
Not a deterrent
ep. of Congo (DRC)* Venezuela*
0% 20% 40% 60% 80% 100% 0% 20% 40% 60% 80% 100%
Encourages
investment
Weighted--
Not a deterrent
40% 60% 80% 100%

Back to index
Figure 6: Investment Attractiveness Index-Canada
JurisdictionInvestment Attractiveness
Nova Scotia 51.56 Saskatchewan
Northwest T 65.10
Nunavut 68.93 Quebec
Manitoba 69.61
New Brunsw 71.42 Newfoundland & Labrador
Alberta 75.47
British Columbia
Ontario 76.43
Yukon 77.30
Yukon
British Col 77.94
Newfoundla 85.17
Ontario
Quebec 85.97
Saskatchew 89.38 Alberta
Median 75.95 New Brunswick
Manitoba
Nunavut
Nova Scotia
0 10 20 30
ex-Canada
20 30 40 50 60 70 80 90 100
Back to index
Figure 7: Investment Attractiveness Index-United States
JurisdictionScore
Nevada
Michigan* 50.91
California 55.47
Arizona
Minnesota 59.29
Washingto 65.37 Alaska
Montana 70.51
Wyoming* 72.82 Idaho
Utah 73.41
New Mexic 79.24 Colorado
Colorado 79.82
Idaho 85.00 New Mexico*
Alaska 88.06
Arizona 90.45 Utah
Nevada 91.05
Wyoming*
Median 73.41
Montana
3.48
Washington*
Minnesota*
California
Michigan*
0 10 20 30 40
40 50 60 70 80 90 100
Back to index
Figure 8: Investment Attractiveness Index-Australia and Oce
Jurisdiction Score
Western Australia
Indonesia* 44.32
Papua New Guinea* 54.67
Tasmania* 55.46 South Australia
New Zealand* 56.12
Victoria 58.82 Queensland
Northern Territory 77.27 Northern Territory
Queensland 78.00
South Australia 85.64 New South Wales
Victoria
Median 65.73 New Zealand*
Median (Aus) 77.27 Tasmania*

Median (Oceania) 54.67
Papua New Guinea*
Indonesia*
0 10 20 30
ex-Australia and Oceania
30 40 50 60 70 80 90 100
100
Back to index
Figure 9: Investment Attractiveness Index-Africa
Jurisdiction Score
Tanzania* 42.08 Botswana*
Zimbabwe* 49.52
South Africa 56.33 Mali*
Democratic Rep 58.12
Burkina Faso* 59.68 Ghana*
Namibia* 59.72
Zambia* 60.83 Guinea (Conakry)*
Mozambique* 61.24
Mauritania* 63.39 Mauritania*
Guinea (Conakr 65.92
Ghana* 71.85 Mozambique*
Mali* 76.27
Botswana* 81.48 Zambia*
Median 60.83 Namibia*
Burkina Faso*
South Africa
Zimbabwe*
Tanzania*
0 10 20 30
20 30 40 50 60 70 80 90
Back to index
Figure 10: Investment Attractiveness Index-Argentina, and Lati
Jurisdiction Score
Salta
Venezuela* 17.14
Chubut 40.58 Colombia
La Rioja* 44.44
Bolivia 45.16 Chile
Mendoza 48.98
Peru
Guyana* 51.54
Rio Negro* 54.79 Brazil
Ecuador 57.95 Santa Cruz
San Juan 63.35 Mexico
Jujuy 63.55
Catamarca 65.49 Catamarca
Mexico 66.87
Jujuy
Santa Cruz 67.39
Brazil 69.29 San Juan
Peru 70.41
Chile 72.11 Ecuador
Colombia 72.29
Dominican Republic*
Salta 74.69
Rio Negro*
Guyana*
Mendoza
Bolivia
Median 63.35
La Rioja*
Median (Argentina) 63.35 Chubut
Median (Latin America) 62.41
Venezuela*
0 10 20 30
dex-Argentina, and Latin America and the Caribbean Basin
20 30 40 50 60 70 80
Back to index
Figure 11: Investment Attractiveness Index-Europe
Jurisdiction Score
Finland
Spain* 49.76
Norway 59.65
Greenland* 66.91 Ireland, Republic of
Sweden 69.66
Northern Ireland 70.23 Turkey*
Portugal* 72.26
Russia* 74.53
Russia*
Turkey* 79.27
Ireland, Republic 80.40
Finland 82.75 Portugal*
Northern Ireland*
Median 71.25
Sweden
Greenland*
Norway
Spain*
0 10 20 30 40
dex-Europe
30 40 50 60 70 80 90
Back to index
Figure 12: Regional Median Investment Attracti
Region 2019 2020

Oceania 64.59 54.67
Africa 51.52 60.83
Latin America and Caribbean 62.36 62.41
Argentina 53.6 63.35 90
Europe 81.6 71.25
United States 69.93 73.41 80
Canada 72.49 75.95
70
Australia 79.33 77.27
60
50
40
30
20
10
*Asia was not in
*Asia was not included this year, as no jurisdction in this re

ional Median Investment Attractiveness Scores 2019 and 2020
90
2019
80
2020
70
60
50
40
30
20
10
*Asia was not included this year, as no jurisdction in this region received sufficient responses.
s year, as no jurisdction in this region received sufficient responses.

sponses.
Back to index
Figure 13: Regional Median Policy Perception Index Scores 2019 and 2
Region 2019 2020

Oceania 49.6 54.54 100
Africa 43.44 63.11
Latin Amer 58.73 65.59 90 2019
Argentina 64.36 74.67 2020
80
Australia 76.91 81.12
Canada 83.01 81.59 70
Europe 84 85.02
United Stat 84.6 92.65 60
50
40
30
20
10
*Asia was not included this year, as no jurisdctio
*Asia was not included this year, as no jurisdiction in this re

on Index Scores 2019 and 2020
019
020
d this year, as no jurisdction in this region received sufficient responses.
, as no jurisdiction in this region received sufficient responses.

Back to index Figure 16: Uncertainty Concerning the Administrati
Jurisdiction EncouragesNot a DeterSum

Venezuela* 0% 0% 0%
Mendoza 0% 0% 0%
Chubut 0% 0% 0%
California 0% 0% 0%
Bolivia 0% 7% 7%
Tanzania* 0% 11% 11%
Dominican Republic* 20% 0% 20%
Democratic Rep. of Congo (DRC)* 0% 20% 20%
Zimbabwe* 0% 22% 22%
New Zealand* 25% 0% 25%
South Africa 0% 28% 28%
Ecuador 0% 28% 28%
New South Wales 11% 18% 29%
Indonesia* 0% 30% 30%
Minnesota* 10% 20% 30%
La Rioja* 11% 22% 33%
Colorado 10% 25% 35%
Russia* 13% 25% 38%
Michigan* 0% 40% 40%
Guyana* 0% 40% 40%
Guinea (Conakry)* 20% 20% 40%
Norway 17% 25% 42%
Manitoba 16% 26% 42%
Zambia* 0% 43% 43%
Montana 5% 38% 43%
Burkina Faso* 14% 29% 43%
British Columbia 17% 27% 44%
Washington* 11% 33% 44%
Mexico 7% 40% 47%
Northwest Territories 15% 33% 48%
Turkey* 13% 38% 50%
Spain* 0% 50% 50%
Papua New Guinea* 17% 33% 50%
Greenland* 33% 17% 50%
Colombia 29% 21% 50%
Nunavut 19% 35% 54%
Victoria 36% 21% 57%
Mauritania* 29% 29% 57%
Ontario 27% 32% 59%
Nova Scotia 23% 36% 59%
Queensland 29% 32% 61%
Northern Territory 28% 33% 61%
Jujuy 33% 28% 61%
Mali* 25% 38% 63%
Yukon 31% 33% 64%
Sweden 24% 41% 65%
San Juan 35% 30% 65%
Northern Ireland* 33% 33% 67%
Peru 29% 38% 68%
Brazil 26% 42% 68%
Alaska 47% 24% 71%
New Brunswick 33% 38% 71%
Catamarca 22% 50% 72%
Alberta 33% 39% 72%
Ghana* 0% 73% 73%
Namibia* 13% 63% 75%
Ireland, Republic of 67% 8% 75%
Chile 36% 39% 76%
Santa Cruz 36% 43% 79%
Quebec 57% 21% 79%
Mozambique* 20% 60% 80%
Utah 38% 44% 81%
Wyoming* 50% 33% 83%
Portugal* 50% 33% 83%
New Mexico* 31% 54% 85%
Newfoundland & Labrador 63% 22% 85%
Rio Negro* 43% 43% 86%
Botswana* 57% 29% 86%
Idaho 56% 31% 88%
South Australia 59% 29% 88%
Tasmania* 44% 44% 89%
Finland 33% 56% 89%
Arizona 28% 62% 90%
Saskatchewan 63% 28% 91%
Nevada 47% 44% 91%
Western Australia 72% 19% 92%
Salta 54% 46% 100%
nty Concerning the Administration, Interpretation and Enforcement of Existing Regulations
Salta
Western Australia
Nevada
Saskatchewan
Arizona
Finland
Tasmania*
South Australia
Idaho
Botswana*
Rio Negro*
New Mexico*
Portugal*
Wyoming*
Utah
Mozambique*
Quebec
Santa Cruz
Chile
Namibia*
Ghana*
Alberta
Catamarca
New Brunswick
Alaska
Brazil
Peru
Northern Ireland*
Catamarca
New Brunswick
Alaska
Brazil
Peru
Northern Ireland*
San Juan
Sweden
Yukon
Mali*
Jujuy
Northern Territory
Queensland
Nova Scotia
Ontario
0% 20% 40% 60
Mauritania*
Victoria
Nunavut
Colombia
Greenland*
Papua New Guinea*
Spain*
Turkey*
Mexico
Washington*
British Columbia
Burkina Faso*
Montana
Zambia*
Manitoba
Norway
Guinea (Conakry)*
Guyana*
Michigan*
Russia*
Colorado
La Rioja*
Minnesota*
Indonesia*
New South Wales
Ecuador
South Africa
New Zealand*
Indonesia*
New South Wales
Ecuador
South Africa
New Zealand*
Zimbabwe*
Dominican Republic*
Tanzania*
Bolivia
California
Encourages
Chubut investment
Not a deterrent
Mendoza to Investment
Venezuela*
20% 40% 60% 80% 100% 0% 20% 40% 60% 80% 100%
courages
estment
t a deterrent
nvestment
60% 80% 100%

Back to index Figure 17: Uncertainty Concerning Environmental Regulations

Mendoza 0% 0% 0%
Chubut 0% 0% 0%
California 0% 0% 0%
Venezuela* 0% 11% 11%
Ecuador 0% 11% 11%
Bolivia 0% 20% 20%
La Rioja* 11% 11% 22%
Spain* 0% 25% 25%
Montana 0% 29% 29%
Colombia 7% 21% 29%
Colorado 5% 33% 38%
Yukon 13% 33% 47%
Victoria 7% 40% 47%
Ontario 14% 35% 49%
Tasmania* 20% 30% 50%
Portugal* 17% 33% 50%
Nunavut 4% 46% 50%
Norway 8% 42% 50%
Brazil 10% 40% 50%
Mexico 10% 43% 53%
Zambia* 14% 43% 57%
Rio Negro* 43% 14% 57%
Sweden 6% 53% 59%
Democratic Rep. of Congo (DRC 10% 50% 60%
Guyana* 20% 40% 60%
Jujuy 22% 39% 61%
Turkey* 0% 63% 63%
Russia* 25% 38% 63%
Namibia* 13% 50% 63%
Chile 9% 55% 64%
Alaska 29% 37% 66%
Finland 26% 42% 68%
San Juan 35% 35% 70%
Alberta 18% 53% 71%
Quebec 31% 40% 71%
Arizona 24% 48% 72%
Utah 20% 53% 73%
Peru 15% 59% 74%
Idaho 13% 63% 75%
New Mexico* 8% 69% 77%
Ghana* 10% 70% 80%
Nevada 33% 49% 82%
Botswana* 14% 71% 86%
Wyoming* 8% 83% 92%
Salta 50% 46% 96%
Mali* 13% 88% 100%
onmental Regulations
Guinea (Conakry)*
Mali*
Salta
Wyoming*
Botswana*
Western Australia
Nevada
New Brunswick
Ghana*
Santa Cruz
Saskatchewan
New Mexico*
Idaho
Peru
Utah
Arizona
Quebec
Alberta
Catamarca
San Juan
South Australia
Finland
Alaska
Chile
Papua New Guinea*
Burkina Faso*
Namibia*
Russia*
Chile
Papua New Guinea*
Burkina Faso*
Namibia*
Russia*
Turkey*
Jujuy
Northern Territory
Guyana*
Mozambique*
Sweden
Manitoba
South Africa
Mauritania*
0% 20% 40% 60% 80% 100%

Rio Negro*
Zambia*
Nova Scotia
Queensland
Mexico
Brazil
Greenland*
Norway
Nunavut
Portugal*
Tasmania*
Ontario
Victoria
Yukon
Tanzania*
Indonesia*
Colorado
Northern Ireland*
Zimbabwe*
British Columbia
Minnesota*
Colombia
Montana
New Zealand*
Spain*
La Rioja*
Colombia
Montana
New Zealand*
Spain*
La Rioja*
Bolivia
Dominican Republic*
Michigan*
Ecuador
Venezuela*
Washington*
New South Wales

Encourages
California investment
Chubut Not a deterrent

to Investment
Mendoza
% 80% 100% 0% 20% 40% 60% 80% 100%
Encourages
investment
Not a deterrent
to Investment
Back to index Figure 18: Regulatory Duplication and Inconsistencies

Venezuela* 0% 0% 0%
Tanzania* 0% 0% 0%
Mendoza 0% 0% 0%
Chubut 0% 0% 0%
Bolivia 0% 7% 7%
California 0% 13% 13%
Russia* 13% 13% 25%
Ecuador 6% 22% 28%
La Rioja* 11% 22% 33%
Montana 0% 35% 35%
Turkey* 13% 25% 38%
Namibia* 13% 25% 38%
Brazil 0% 42% 42%
Zambia* 0% 43% 43%
Colombia 7% 36% 43%
Victoria 7% 40% 47%
Spain* 0% 50% 50%
Norway 0% 50% 50%
Yukon 16% 36% 51%
Ontario 13% 44% 56%
Mexico 3% 53% 57%
Nunavut 0% 58% 58%
San Juan 42% 16% 58%
Sweden 12% 47% 59%
Tasmania* 30% 30% 60%
Alaska 23% 37% 60%
Guyana* 20% 40% 60%
Jujuy 22% 39% 61%
Chile 21% 45% 67%
Peru 12% 56% 68%
Quebec 28% 41% 70%
Wyoming* 20% 50% 70%
Rio Negro* 29% 43% 71%
Alberta 17% 56% 72%
Idaho 20% 53% 73%
Finland 32% 42% 74%
Utah 25% 50% 75%
New Mexico* 25% 50% 75%
Arizona 36% 43% 79%
Salta 54% 25% 79%
Ghana* 10% 70% 80%
Portugal* 17% 67% 83%
Botswana* 29% 57% 86%
Mali* 0% 88% 88%
Nevada 29% 60% 89%
tion and Inconsistencies
Nevada
Northern Ireland*
Mali*
New Brunswick
Western Australia
Botswana*
Saskatchewan
Portugal*
Guinea (Conakry)*
Mozambique*
Ghana*
Salta
Arizona
New Mexico*
Utah
Finland
Idaho
Alberta
Mauritania*
Rio Negro*
Wyoming*
Quebec
South Australia
Nova Scotia
Peru
Chile
Burkina Faso*
Jujuy
Nova Scotia
Peru
Chile
Burkina Faso*
Jujuy
Guyana*
Alaska
Tasmania*
Sweden
San Juan
Nunavut
Santa Cruz
Mexico
Ontario
0% 20% 40% 60% 80%

Colorado
Yukon
Catamarca
Greenland*
Norway
Spain*
Queensland
Northern Territory
Victoria
Manitoba
Washington*
Colombia
Zambia*
Brazil
Namibia*
New Zealand*
Turkey*
British Columbia
Papua New Guinea*
Montana
La Rioja*
South Africa
Indonesia*
Minnesota*
Ecuador
Russia*
Zimbabwe*
Indonesia*
Minnesota*
Ecuador
Russia*
Zimbabwe*
Dominican Republic*
Michigan*
New South Wales
California
Bolivia
Chubut Encourages
investment
Mendoza
Not a deterrent
Tanzania* to Investment
Venezuela*
40% 60% 80% 100% 0% 20% 40% 60% 80% 100%

nt
0% 100%
Back to index Figure 19: Legal System

Venezuela* 0% 0% 0%
Bolivia 0% 0% 0%
Chubut 0% 8% 8%
Democratic Rep. of Congo 0% 10% 10%
Mendoza 0% 15% 15%
Ecuador 0% 22% 22%
Zambia* 0% 29% 29%
Colombia 0% 29% 29%
Russia* 0% 38% 38%
Guyana* 0% 40% 40%
Mexico 3% 40% 43%
La Rioja* 22% 22% 44%
Brazil 5% 40% 45%
Spain* 13% 38% 50%
Namibia* 13% 38% 50%
Jujuy 17% 33% 50%
Peru 12% 41% 53%
Ghana* 18% 36% 55%
Turkey* 29% 29% 57%
Mali* 0% 63% 63%
San Juan 25% 40% 65%
Portugal* 17% 50% 67%
Montana 15% 55% 70%
Salta 46% 25% 71%
Rio Negro* 29% 43% 71%
Chile 18% 55% 73%
Nunavut 19% 56% 74%
Norway 17% 58% 75%
Yukon 36% 42% 78%
Michigan* 20% 60% 80%
Quebec 45% 36% 81%
Wyoming* 64% 18% 82%
Ontario 26% 56% 82%
Botswana* 43% 43% 86%
Nevada 48% 39% 88%
Sweden 47% 41% 88%
Alberta 50% 39% 89%
Arizona 54% 36% 89%
Tasmania* 27% 64% 91%
Alaska 46% 46% 91%
New Mexico* 33% 58% 92%
Utah 50% 44% 94%
Idaho 63% 31% 94%
Finland 63% 32% 95%
Northern Ireland* New
Finland
Northern Territory
Western Australia Guin

Idaho
Utah
New Mexico*
Alaska
New Brunswick
Tasmania*
Saskatchewan
Arizona
Alberta
Sweden
Nevada
South Australia
Nova Scotia
Botswana*
British Columbia
Domini
Ontario
Queensland
Wyoming*
Quebec
Colorado
Michigan*
Victoria
Papua
Yukon
Norway
Colorado
Michigan*
Victoria
Papua
Yukon
Norway
Nunavut
Chile
Rio Negro*
Manitoba
Salta Democratic Rep. of C
Montana
Portugal*
Washington*
0% 20% 40% 60% 80% 100%

New South Wales
San Juan
Mali*
Guinea (Conakry)*
Minnesota*
Mozambique*
Santa Cruz
Turkey*
Catamarca
Ghana*
Peru
Greenland*
Jujuy
Namibia*
New Zealand*
Spain*
Brazil
La Rioja*
Mexico
South Africa
Dominican Republic*
Guyana*
Burkina Faso*
Russia*
California
Colombia
Zambia*
Papua New Guinea*
Ecuador
California
Colombia
Zambia*
Papua New Guinea*
Ecuador
Tanzania*
Mendoza
Mauritania*
Zimbabwe*
Indonesia*
Encourages
Chubut investment
Bolivia Not a deterrent

to Investment
Venezuela*
0% 20% 40% 60% 80% 100%
Encourages
investment
Not a deterrent
to Investment
errent
ment
Back to index Figure 20: Taxation Regime

Venezuela* 0% 0% 0%
Tanzania* 0% 0% 0%
Chubut 8% 8% 15%
Bolivia 0% 15% 15%
Mendoza 8% 17% 25%
Zambia* 17% 17% 33%
Russia* 17% 17% 33%
Namibia* 0% 33% 33%
La Rioja* 22% 11% 33%
Guyana* 20% 20% 40%
Ecuador 6% 35% 41%
San Juan 16% 26% 42%
Brazil 5% 37% 42%
Rio Negro* 43% 0% 43%
Mexico 4% 39% 43%
Jujuy 17% 33% 50%
Salta 29% 25% 54%
Colombia 9% 45% 55%
Turkey* 29% 29% 57%
Manitoba 6% 52% 58%
Mali* 13% 50% 63%
Victoria 0% 64% 64%
Chile 10% 55% 66%
Peru 16% 50% 66%
Portugal* 33% 33% 67%
Ontario 9% 59% 68%
Spain* 14% 57% 71%
Ghana* 18% 55% 73%
Quebec 28% 46% 74%
Nunavut 4% 70% 74%
Tasmania* 13% 63% 75%
Finland 24% 53% 76%
Yukon 13% 65% 78%
New Mexico* 33% 44% 78%
Sweden 7% 73% 80%
Norway 9% 73% 82%
Montana 12% 71% 82%
Wyoming* 30% 60% 90%
Nevada 33% 58% 90%
Utah 23% 69% 92%
Idaho 47% 47% 93%
Alaska 39% 58% 97%
Michigan* 20% 80% 100%
Botswana* 29% 71% 100%
Arizona 26% 74% 100%
Alberta 18% 82% 100%
Alberta
Arizona
Botswana*
Michigan*
Alaska
Idaho
Utah
Nevada
Wyoming*
Northern Ireland*
Western Australia
Montana
Norway
New Zealand*
South Australia
Sweden
Nova Scotia
Saskatchewan
New Mexico*
Yukon
New Brunswick
Finland
Tasmania*
Nunavut
Quebec
Ghana*
Burkina Faso*
Spain*
Nunavut
Quebec
Ghana*
Burkina Faso*
Spain*
Ontario Dem
Portugal*
Queensland
Peru
Chile
Victoria
British Columbia
Colorado
Mali*
0% 20% 40% 60% 80% 100%

New South Wales
Minnesota*
Manitoba
Turkey*
Washington*
Colombia
Salta
Greenland*
Indonesia*
Jujuy
South Africa
Mexico
Rio Negro*
Brazil
San Juan
Ecuador
Northern Territory
Dominican Republic*
Guinea (Conakry)*
Guyana*
Mozambique*
California
Catamarca
La Rioja*
Namibia*
Papua New Guinea*
Russia*
Zambia*
La Rioja*
Namibia*
Papua New Guinea*
Russia*
Zambia*
Mauritania*
Santa Cruz
Mendoza
Zimbabwe*
Bolivia
Encourages
Chubut investment
Tanzania* Not a deterrent

to Investment
Venezuela*
0% 20% 40% 60% 80% 100%
Encourages
investment
Not a deterrent
to Investment
Encourages
investment
Not a deterrent
to Investment
Back to index Figure 21: Uncertainty Concerning Disputed Land Claims

Venezuela* 0% 0% 0%
Bolivia 0% 8% 8%
Manitoba 6% 19% 26%
Yukon 10% 17% 27%
Ecuador 0% 29% 29%
Ontario 5% 30% 36%
Colombia 9% 27% 36%
Mexico 0% 41% 41%
Turkey* 14% 29% 43%
Namibia* 0% 50% 50%
Alberta 6% 44% 50%
Nunavut 15% 37% 52%
Peru 10% 45% 55%
Democratic Rep. of Congo ( 11% 44% 56%
Mendoza 8% 50% 58%
Ghana* 0% 60% 60%
Jujuy 6% 56% 61%
Chubut 8% 54% 62%
Tasmania* 0% 63% 63%
Quebec 24% 39% 63%
Brazil 5% 58% 63%
Norway 18% 45% 64%
Victoria 7% 57% 64%
Zambia* 17% 50% 67%
Russia* 17% 50% 67%
La Rioja* 22% 44% 67%
Rio Negro* 43% 29% 71%
Chile 14% 59% 72%
Sweden 13% 60% 73%
San Juan 21% 53% 74%
Alaska 39% 39% 77%
Salta 29% 50% 79%
Michigan* 20% 60% 80%
Guyana* 20% 60% 80%
Finland 29% 53% 82%
Spain* 43% 43% 86%
New Mexico* 29% 57% 86%
Wyoming* 25% 63% 88%
Mali* 13% 75% 88%
Utah 27% 64% 91%
Idaho 36% 57% 93%
Montana 33% 60% 93%
Nevada 38% 58% 96%
Arizona 40% 56% 96%
Portugal* 17% 83% 100%
Botswana* 57% 43% 100%
ning Disputed Land Claims
Botswana*
Northern Ireland*
Portugal*
Arizona
Nevada
Montana
Idaho
Utah
Mali* Democratic
Washington*
Wyoming*
Colorado
New Mexico*
Spain*
Greenland*
Finland
Dominican Republic*
Guyana*
Michigan*
Salta
Santa Cruz
Alaska
Saskatchewan
San Juan
Sweden
Chile
Catamarca
Burkina Faso*
San Juan
Sweden
Chile
Catamarca
Burkina Faso*
Rio Negro*
Nova Scotia
Minnesota*
New Brunswick
La Rioja*
Russia*
Western Australia
Zambia*
Victoria
0% 20% 40% 60% 80% 100%

Norway
Brazil
Quebec
Tasmania*
Chubut
Jujuy
New Zealand*
Ghana*
Mendoza
Peru
California
South Australia
Northern Territory
Nunavut
Alberta
Indonesia*
Namibia*
Queensland
Mauritania*
Turkey*
Mexico
Mozambique*
Tanzania*
Colombia
Ontario
New South Wales
South Africa
Colombia
Ontario
New South Wales
South Africa
Ecuador
Yukon
Manitoba
Papua New Guinea*
British Columbia
Guinea (Conakry)*
Encourages
Zimbabwe* investment

to Investment
Venezuela*
0% 20% 40% 60% 80% 100%

Encourages
investment
Not a deterrent
to Investment
Back to index Figure 22: Uncertainty Concerning Protected Areas
Jurisdiction Encourages I Not a DeterSum

Chubut 15% 8% 23%
Ecuador 0% 24% 24%
Mendoza 17% 8% 25%
Manitoba 0% 26% 26%
Yukon 5% 22% 27%
Colombia 8% 25% 33%
Nunavut 0% 37% 37%
Bolivia 0% 38% 38%
Michigan* 20% 20% 40%
Ontario 6% 35% 41%
Victoria 0% 43% 43%
Montana 6% 38% 44%
Brazil 0% 47% 47%
San Juan 33% 17% 50%
Alaska 23% 32% 55%
La Rioja* 33% 22% 56%
Turkey* 0% 57% 57%
Spain* 0% 57% 57%
Mexico 4% 54% 57%
Peru 3% 55% 58%
Guyana* 40% 20% 60%
Jujuy 17% 44% 61%
Chile 7% 55% 62%
Norway 0% 64% 64%
Quebec 13% 52% 65%
Portugal* 0% 67% 67%
Namibia* 17% 50% 67%
Utah 23% 46% 69%
Alberta 0% 71% 71%
Rio Negro* 43% 29% 71%
Idaho 36% 36% 71%
Salta 29% 46% 75%
Arizona 27% 50% 77%
New Mexico* 33% 44% 78%
Sweden 7% 73% 80%
Ghana* 10% 70% 80%
Nevada 29% 52% 81%
Finland 12% 71% 82%
Zambia* 17% 67% 83%
Russia* 17% 67% 83%
Mali* 13% 75% 88%
Wyoming* 40% 50% 90%
Botswana* 17% 83% 100%
ning Protected Areas
Botswana*
Wyoming*
Mali*
Mauritania*
Russia*
Zambia*
Finland
South Africa
Nevada
Dominican Republic*
Guinea (Conakry)*
Mozambique*
Ghana*
Sweden
New Mexico*
Arizona
Indonesia*
Salta
Tanzania*
Burkina Faso*
Idaho
Rio Negro*
Alberta
Utah
Saskatchewan
New Brunswick
Catamarca
Alberta
Utah
Saskatchewan
New Brunswick
Catamarca
Namibia*
Northern Ireland*
Papua New Guinea*
Portugal*
Quebec
Norway
Zimbabwe*
Chile
Jujuy
0% 20% 40% 60% 80% 100%

Western Australia
Guyana*
Peru
Mexico
Spain*
Turkey*
La Rioja*
Washington*
Alaska
Greenland*
San Juan
South Australia
Queensland
Nova Scotia
Brazil
Northern Territory
Colorado
Montana
Victoria
Ontario
Michigan*
Minnesota*
New Zealand*
Bolivia
Tasmania*
Nunavut
Colombia
Santa Cruz
Tasmania*
Nunavut
Colombia
Santa Cruz
Venezuela*
New South Wales
Yukon
Manitoba
Mendoza
British Columbia
Encourages
Ecuador investment
Chubut Not a deterrent
to Investment
California
80% 100% 0% 20% 40% 60% 80% 100%
Encourages
investment
Not a deterrent
to Investment
Encourages
investment
Not a deterrent
to Investment
Back to index Figure 23: Quality of Infrastructure

Venezuela* 0% 0% 0%
Greenland* 0% 0% 0%
Nunavut 0% 4% 4%
Democratic Rep. of Congo (DRC) 0% 10% 10%
Guyana* 0% 20% 20%
Bolivia 0% 23% 23%
Colombia 8% 17% 25%
Ecuador 18% 12% 29%
Yukon 7% 24% 32%
Russia* 0% 33% 33%
Namibia* 17% 17% 33%
Mali* 0% 38% 38%
Chubut 8% 31% 38%
Alaska 16% 25% 41%
Rio Negro* 29% 14% 43%
Botswana* 14% 29% 43%
La Rioja* 11% 33% 44%
Jujuy 17% 28% 44%
Salta 21% 25% 46%
San Juan 11% 42% 53%
Peru 6% 48% 55%
Mendoza 8% 50% 58%
Ghana* 10% 50% 60%
Brazil 16% 47% 63%
Ontario 15% 49% 64%
Zambia* 0% 67% 67%
Mexico 11% 57% 68%
Turkey* 29% 43% 71%
Norway 45% 27% 73%
Tasmania* 25% 50% 75%
Quebec 48% 28% 76%
Michigan* 20% 60% 80%
Chile 31% 55% 86%
Sweden 40% 47% 87%
Alberta 35% 53% 88%
New Mexico* 22% 67% 89%
Arizona 62% 35% 96%
Nevada 63% 35% 98%
Wyoming* 50% 50% 100%
Utah 54% 46% 100%
Spain* 29% 71% 100%
Portugal* 67% 33% 100%
Montana 19% 81% 100%
Idaho 50% 50% 100%
Finland 71% 29% 100%
Finland
Idaho
Montana
Northern Ireland*
Portugal*
Spain*
Utah
Washington*
Wyoming*
Nevada
Arizona
Colorado
California
Nova Scotia
New Brunswick
New Mexico*
Alberta
Sweden
Chile
Queensland
Western Australia
New South Wales
Michigan*
Minnesota*
New Zealand*
South Australia
Victoria
Quebec
Tasmania*
New Zealand*
South Australia
Victoria
Quebec
Tasmania*
Norway
Saskatchewan
Turkey*
British Columbia
Mexico Democ
Zambia*
Ontario
Brazil
0% 20% 40% 60% 80% 100%

South Africa
Manitoba
Ghana*
Mendoza
Peru
San Juan
Northern Territory
Santa Cruz
Salta
Jujuy
La Rioja*
Botswana*
Rio Negro*
Alaska
Mozambique*
Chubut
Mali*
Zimbabwe*
Namibia*
Russia*
Yukon
Ecuador
Burkina Faso*
Mauritania*
Catamarca
Colombia
Bolivia
Dominican Republic*
Guinea (Conakry)*
Catamarca
Colombia
Bolivia
Dominican Republic*
Guinea (Conakry)*
Guyana*
Indonesia*
Tanzania*
Papua New Guinea*
Democratic Rep. of Congo (DRC)* Encourages

investment
Nunavut
Not a deterrent
Greenland* to Investment
Venezuela*
0% 20% 40% 60% 80% 100%
Encourages
investment
Not a deterrent
to Investment
rrent
ment
Back to index Figure 24: Socioeconomic Agreements/ Comm

Venezuela* 0% 0% 0%
Bolivia 0% 9% 9%
Chubut 8% 8% 17%
Mendoza 0% 18% 18%
Ecuador 6% 13% 19%
Ghana* 20% 0% 20%
Mexico 4% 18% 21%
Peru 0% 29% 29%
Democratic Rep. of Congo (DR 0% 33% 33%
Nunavut 8% 27% 35%
Colombia 9% 27% 36%
Manitoba 7% 30% 37%
Brazil 5% 32% 37%
Tanzania* 13% 25% 38%
La Rioja* 13% 25% 38%
Guyana* 20% 20% 40%
Turkey* 14% 29% 43%
Rio Negro* 29% 14% 43%
Jujuy 12% 35% 47%
Zambia* 17% 33% 50%
San Juan 17% 33% 50%
Russia* 0% 50% 50%
Yukon 15% 38% 54%
Victoria 7% 50% 57%
Ontario 15% 44% 59%
Tasmania* 38% 25% 63%
Chile 12% 54% 65%
Namibia* 17% 50% 67%
Salta 32% 41% 73%
Mali* 13% 63% 75%
Quebec 27% 51% 78%
Spain* 20% 60% 80%
Norway 20% 60% 80%
Michigan* 40% 40% 80%
Alaska 33% 47% 80%
Alberta 44% 38% 81%
Utah 33% 50% 83%
Botswana* 17% 67% 83%
New Mexico* 29% 57% 86%
Montana 21% 64% 86%
Sweden 21% 71% 93%
Finland 47% 47% 93%
Arizona 28% 68% 96%
Nevada 39% 57% 96%
Wyoming* 67% 33% 100%
Portugal* 50% 50% 100%
Idaho 43% 57% 100%
nomic Agreements/ Community Development Conditions
Idaho
Portugal*
Wyoming*
Nevada
Arizona
Finland
Sweden
New Brunswick
Washington*
Nova Scotia
Montana
New Mexico*
Botswana*
Utah
Alberta
Alaska
Michigan*
New Zealand*
Norway
Spain*
Western Australia
Saskatchewan
Northern Ireland*
Quebec
California
Mali*
Salta
Minnesota*
Quebec
California
Mali*
Salta
Minnesota*
Colorado
Greenland*
Namibia*
Queensland
Chile
Northern Territory
Tasmania*
Guinea (Conakry)*
Ontario
0% 20% 40% 60% 80% 100%

Santa Cruz
Mauritania*
Victoria
British Columbia
Papua New Guinea*
New South Wales
South Australia
Yukon
Russia*
San Juan
Zambia*
Jujuy
Rio Negro*
Turkey*
Dominican Republic*
Guyana*
Mozambique*
Catamarca
Indonesia*
La Rioja*
Tanzania*
Brazil
Manitoba
Colombia
Nunavut
Burkina Faso*
Peru
Nunavut
Burkina Faso*
Peru
Mexico
Ghana*
South Africa
Ecuador
Mendoza
Chubut
Encourages
Zimbabwe* investment

to Investment
Venezuela*
% 100% 0% 20% 40% 60% 80% 100%
Encourages
investment
Not a deterren
to Investment
%
Encourages
investment
Not a deterrent
to Investment
Back to index Figure 25: Trade Barriers

La Rioja* 0% 0% 0%
Jujuy 6% 0% 6%
Catamarca 6% 0% 6%
Salta 5% 5% 9%
Mendoza 0% 9% 9%
Rio Negro* 0% 14% 14%
Chubut 0% 17% 17%
San Juan 6% 17% 22%
Ecuador 0% 31% 31%
Zambia* 0% 33% 33%
Russia* 0% 33% 33%
Bolivia 0% 36% 36%
Guyana* 0% 40% 40%
Brazil 16% 32% 47%
Turkey* 14% 43% 57%
Ghana* 10% 50% 60%
Mexico 11% 50% 61%
Botswana* 17% 50% 67%
Tasmania* 25% 50% 75%
Chile 15% 62% 77%
Spain* 0% 80% 80%
Michigan* 20% 60% 80%
Peru 23% 58% 81%
Namibia* 17% 67% 83%
Nunavut 31% 54% 85%
Montana 47% 40% 87%
Mali* 13% 75% 88%
Alberta 44% 44% 88%
Quebec 33% 56% 89%
New Mexico* 44% 44% 89%
Yukon 31% 59% 90%
Wyoming* 70% 20% 90%
Arizona 50% 42% 92%
Idaho 50% 43% 93%
Alaska 53% 40% 93%
Nevada 42% 52% 94%
Ontario 23% 72% 94%
Utah 62% 38% 100%
Sweden 23% 77% 100%
Portugal* 33% 67% 100%
Norway 30% 70% 100%
Finland 44% 56% 100%
Trade Barriers
Finland
Norway
Portugal*
Sweden
Utah
Washington*
Nova Scotia
Ontario
Nevada
Saskatchewan
Alaska
Idaho
Arizona
New South Wales
Western Australia
New Brunswick
Wyoming*
British Columbia
Yukon
New Mexico*
Northern Ireland*
Quebec
Queensland
Alberta
Mali*
Montana
South Australia
Queensland
Alberta
Mali*
Montana
South Australia
Nunavut
Namibia*
Northern Territory
Colorado
Peru
Guinea (Conakry)*
Michigan*
Minnesota*
New Zealand*
0% 20% 40% 60% 80% 10

Spain*
Manitoba
Victoria
Chile
Tasmania*
California
Botswana*
Colombia
Mexico
Ghana*
Turkey*
Burkina Faso*
Greenland*
Brazil
Papua New Guinea*
Dominican Republic*
Guyana*
South Africa
Bolivia
Russia*
Zambia*
Ecuador
Santa Cruz
Mauritania*
Indonesia*
Tanzania*
San Juan
Mozambique*
Mauritania*
Indonesia*
Tanzania*
San Juan
Mozambique*
Chubut
Rio Negro*
Venezuela*
Zimbabwe*
Mendoza
Salta
Encourages
Catamarca investment
Not a deterrent
Jujuy
to Investment
La Rioja*
0% 60% 80% 100% 0% 20% 40% 60% 80% 100%

80% 100%
Encourages
investment
Not a deterrent
to Investment
Back to index Figure 26: Political Stability

Zimbabwe* 0% 0% 0%
Venezuela* 0% 0% 0%
Chubut 0% 8% 8%
Bolivia 0% 18% 18%
Ecuador 0% 19% 19%
Guyana* 0% 20% 20%
Mexico 7% 21% 29%
Peru 0% 35% 35%
Mendoza 9% 27% 36%
Mali* 13% 25% 38%
La Rioja* 0% 38% 38%
Zambia* 0% 50% 50%
San Juan 33% 17% 50%
Brazil 16% 37% 53%
Jujuy 18% 35% 53%
Rio Negro* 14% 43% 57%
Chile 15% 44% 59%
Ghana* 10% 50% 60%
Spain* 40% 20% 60%
Michigan* 40% 20% 60%
Namibia* 17% 50% 67%
Nunavut 32% 36% 68%
Salta 41% 27% 68%
Turkey* 29% 43% 71%
Yukon 38% 33% 72%
Montana 25% 50% 75%
Russia* 60% 20% 80%
Quebec 49% 33% 82%
Ontario 41% 43% 83%
Nevada 56% 29% 85%
Idaho 60% 27% 87%
Norway 60% 30% 90%
Arizona 59% 33% 93%
Sweden 57% 36% 93%
Alberta 56% 38% 94%
Alaska 61% 35% 97%
Wyoming* 50% 50% 100%
Utah 54% 46% 100%
Tasmania* 13% 88% 100%
Portugal* 33% 67% 100%
New Mexico* 44% 56% 100%
Finland 81% 19% 100%
Botswana* 83% 17% 100%
Botswana*
Finland
New Mexico*
New Zealand*
Portugal*
South Australia
Tasmania*
Utah
Wyoming*
Western Australia
Alaska
Alberta
Saskatchewan
Sweden
Arizona
New Brunswick
Norway
D
Northern Territory
Idaho
Queensland
Nevada
Ontario
Quebec
Russia*
New South Wales
Montana
Nova Scotia
Yukon
Russia*
New South Wales
Montana
Nova Scotia
Yukon
Turkey*
British Columbia
Salta
Nunavut
Namibia*
Northern Ireland* Democratic Re

Washington*
Manitoba
0% 20% 40% 60% 80% 100%

Catamarca
Michigan*
Mozambique*
Spain*
Ghana*
Minnesota*
Chile
Santa Cruz
California
Rio Negro*
Victoria
Colorado
Jujuy
Brazil
Colombia
Greenland*
San Juan
Zambia*
Dominican Republic*
La Rioja*
Mali*
Mendoza
Peru
Burkina Faso*
Mauritania*
Mexico
South Africa
Indonesia*
Tanzania*
Mauritania*
Mexico
South Africa
Indonesia*
Tanzania*
Papua New Guinea*
Guinea (Conakry)*
Guyana*
Ecuador
Bolivia

Encourages
Chubut investment Encourages
investment
Venezuela* Not a deterrent
to Investment Not a deterrent
Zimbabwe* to Investment
0% 20% 40% 60% 80% 100%

Encourages
investment
Not a deterrent
to Investment
Back to index Figure 27: Labor Regulations/Employment Ag

Venezuela* 0% 0% 0%
Bolivia 0% 9% 9%
Chubut 8% 17% 25%
Mexico 4% 25% 29%
Jujuy 6% 29% 35%
Ecuador 0% 38% 38%
Guyana* 20% 20% 40%
Democratic Rep. of Congo (D 0% 44% 44%
Mendoza 9% 36% 45%
Brazil 0% 47% 47%
Zambia* 17% 33% 50%
Tanzania* 13% 38% 50%
Namibia* 17% 33% 50%
Ghana* 10% 40% 50%
Peru 16% 35% 52%
San Juan 18% 35% 53%
Chile 8% 48% 56%
Spain* 40% 20% 60%
La Rioja* 13% 50% 63%
Colombia 8% 58% 67%
Salta 18% 50% 68%
Nunavut 15% 54% 69%
Turkey* 43% 29% 71%
Rio Negro* 43% 29% 71%
Montana 40% 33% 73%
Mali* 25% 50% 75%
Quebec 33% 47% 80%
Russia* 17% 67% 83%
Portugal* 50% 33% 83%
Ontario 22% 61% 83%
Yukon 21% 64% 85%
Sweden 7% 79% 86%
Tasmania* 13% 75% 88%
Arizona 46% 42% 88%
Wyoming* 50% 40% 90%
Norway 10% 80% 90%
Alaska 47% 47% 93%
Alberta 31% 63% 94%
Nevada 49% 47% 96%
Utah 54% 46% 100%
New Mexico* 56% 44% 100%
Michigan* 40% 60% 100%
Idaho 57% 43% 100%
Finland 19% 81% 100%
Botswana* 50% 50% 100%
ulations/Employment Agreements and Labour Militancy/Work Disruptions
Botswana*
Finland
Idaho
Michigan*
New Mexico*
Utah
Nevada
New Brunswick
Alberta
Saskatchewan
Alaska
Nova Scotia
Norway
Wyoming*
Arizona
Tasmania*
South Australia
Victoria
Sweden
Western Australia
Yukon
Ontario
Manitoba
Portugal*
Russia*
Northern Territory
Queensland
Guinea (Conakry)*
Russia*
Northern Territory
Queensland
Guinea (Conakry)*
Minnesota*
New Zealand*
Quebec
Washington*
British Columbia
Mali*
Montana
Rio Negro*
0% 20% 40% 60% 80% 100%

Turkey*
Nunavut
Salta
New South Wales
Colombia
Greenland*
Northern Ireland*
Papua New Guinea*
California
Catamarca
Colorado
La Rioja*
Dominican Republic*
Mozambique*
Spain*
Chile
San Juan
Peru
Burkina Faso*
Ghana*
Namibia*
Tanzania*
Zambia*
Brazil
Mendoza
Guyana*
Santa Cruz
Ecuador
Mendoza
Guyana*
Santa Cruz
Ecuador
Indonesia*
Jujuy
Mauritania*
Mexico
Chubut
Zimbabwe*
Encourages
Bolivia investment
South Africa Not a deterrent

to Investment
Venezuela*
% 80% 100% 0% 20% 40% 60% 80% 100%
Encourages
investment
Not a deterr
to Investme
%
Encourages
investment
Not a deterrent
to Investment
Back to index Figure 28: Geological Database

Venezuela* 0% 0% 0%
Democratic Rep. of Congo (DR 0% 22% 22%
Bolivia 0% 27% 27%
Ecuador 0% 33% 33%
Botswana* 33% 0% 33%
Mendoza 9% 27% 36%
Zimbabwe* 13% 25% 38%
Guyana* 0% 40% 40%
Zambia* 17% 33% 50%
Chubut 17% 33% 50%
Brazil 5% 47% 53%
Ghana* 11% 44% 56%
Nunavut 16% 40% 56%
Colombia 0% 58% 58%
La Rioja* 25% 38% 63%
Russia* 0% 67% 67%
Portugal* 17% 50% 67%
Montana 27% 40% 67%
Utah 38% 31% 69%
Peru 30% 40% 70%
Jujuy 35% 35% 71%
Turkey* 14% 57% 71%
Rio Negro* 29% 43% 71%
Nevada 37% 39% 76%
Idaho 46% 31% 77%
San Juan 33% 44% 78%
Mexico 15% 63% 78%
Spain* 20% 60% 80%
Norway 40% 40% 80%
Arizona 44% 36% 80%
Sweden 50% 36% 86%
New Mexico* 38% 50% 88%
Mali* 0% 88% 88%
Alberta 50% 38% 88%
Chile 33% 56% 89%
Yukon 58% 32% 89%
Wyoming* 50% 40% 90%
Salta 45% 45% 91%
Quebec 66% 25% 91%
Alaska 52% 41% 93%
Ontario 44% 54% 98%
Tasmania* 38% 63% 100%
Namibia* 33% 67% 100%
Michigan* 20% 80% 100%
Finland 88% 13% 100%
l Database
Finland
Michigan*
Namibia*
Newfoundland & Labrador N

Northern Ireland*
Northern Territory
Queensland
Tasmania*
Ontario
New South Wales
Western Australia
Saskatchewan
British Columbia
Nova Scotia
Alaska
South Australia
Quebec
Salta
Wyoming*
Yukon
Chile
Alberta
Mali*
New Mexico*
Sweden
D
New Brunswick
Santa Cruz
Greenland*
Arizona
Sweden
D
New Brunswick
Santa Cruz
Greenland*
Arizona
Colorado
Minnesota*
New Zealand*
Norway
Spain*
Victoria
Mexico Democratic Re
San Juan
Idaho
0% 20% 40% 60% 80% 100%

Nevada
Catamarca
Tanzania*
South Africa
California
Manitoba
Rio Negro*
Turkey*
Jujuy
Peru
Utah
Montana
Portugal*
Russia*
La Rioja*
Guinea (Conakry)*
Colombia
Nunavut
Ghana*
Brazil
Chubut
Washington*
Zambia*
Papua New Guinea*
Dominican Republic*
Guyana*
Mozambique*
Zimbabwe*
Papua New Guinea*
Dominican Republic*
Guyana*
Mozambique*
Zimbabwe*
Mendoza
Botswana*
Ecuador
Mauritania*
Bolivia
Indonesia*
Encourages
Democratic Rep. of Congo (DRC)* investment
Burkina Faso* Not a deterrent

to Investment
Venezuela*
0% 20% 40% 60% 80% 100%
Encourages
investment
Not a deterrent
to Investment
errent
ment
Back to index Figure 29: Security

Zimbabwe* 0% 0% 0%
Venezuela* 0% 0% 0%
Mexico 4% 4% 7%
Mali* 0% 13% 13%
Bolivia 0% 18% 18%
Colombia 0% 25% 25% Irela
Brazil 16% 21% 37%
Guyana* 0% 40% 40%
Ecuador 13% 44% 56%
Turkey* 14% 43% 57%
Peru 14% 48% 62% Newfoundl
Zambia* 0% 67% 67%
No
Russia* 33% 33% 67%
Ghana* 10% 60% 70% North
Chile 41% 37% 78%
Mendoza 45% 36% 82%
Jujuy 53% 29% 82%
San Juan 50% 33% 83%
Namibia* 17% 67% 83%
Chubut 50% 33% 83%
Salta 82% 5% 86%
La Rioja* 50% 38% 88%
Arizona 68% 24% 92%
W
Nunavut 60% 36% 96% W
Quebec 68% 30% 98%
Ontario 65% 33% 98%
Yukon 63% 37% 100%
Wyoming* 100% 0% 100%
Victoria 36% 64% 100%
Utah 92% 8% 100%
Tasmania* 38% 63% 100%
Sweden 86% 14% 100% B
Spain* 80% 20% 100%
South Australia 71% 29% 100% N
Rio Negro* 71% 29% 100%
Portugal* 100% 0% 100%
Norway 80% 20% 100%
New Mexico* 88% 13% 100%
Nevada 78% 22% 100%
Montana 73% 27% 100%
Michigan* 40% 60% 100%
Idaho 85% 15% 100%
Greenland* 83% 17% 100%
Finland 94% 6% 100%
Botswana* 50% 50% 100%
Alberta 81% 19% 100%
Alaska 90% 10% 100%
Alaska Washington*
Alberta Colorado
Botswana* Salta
Finland Manitoba
Greenland* Chubu
Idaho Namibia*
Ireland, Republic of San Juan
Michigan* Jujuy
Montana
Mendoza
Nevada
Catamarca
New Brunswick
California
New Mexico*
Chile
New Zealand*
Northern Ireland*
Santa Cruz
Northern Territory
Ghana*
Russia*
Norway
Zambia*
Nova Scotia
Peru
Portugal*
Dominican Republic*
Queensland
Guinea (Conakry)*
Rio Negro*
Mozambique*
Saskatchewan
Turkey*
South Australia
Ecuado
Spain*
Guyana*
Sweden
Indonesia*
Tasmania*
Tanzania*
Utah
Brazi
Victoria
Mauritania*
Western Australia
Colombia
Sweden
Indonesia*
Tasmania*
Tanzania*
Utah
Brazi
Victoria
Mauritania*
Western Australia
Colombia
Wyoming*
Yukon South Africa
Ontario Bolivia
Quebec Mali*
Nunavut Papua New Guinea*
British Columbia Mexico
New South Wales Burkina Faso*
Arizona Democratic Rep. of Congo (DRC)*
Minnesota* Venezuela*
La Rioja* Zimbabwe*
0% 20% 40% 60% 80% 100%

Washington*
Colorado
Salta
Manitoba
Chubut
Namibia*
San Juan
Jujuy
Mendoza
Catamarca
California
Chile
Northern Ireland*
Santa Cruz
Ghana*
Russia*
Zambia*
Peru
Dominican Republic*
Guinea (Conakry)*
Mozambique*
Turkey*
Ecuador
Guyana*
Indonesia*
Tanzania*
Brazil
Mauritania*
Colombia
Indonesia*
Tanzania*
Brazil
Mauritania*
Colombia
South Africa
Bolivia
Mali*
Papua New Guinea*
Mexico
Burkina Faso*
Encourages
Rep. of Congo (DRC)* investment
Venezuela* Not a deterrent

to Investment
Zimbabwe*
0% 20% 40% 60% 80% 100%
Encourages
investment
Not a deterrent
to Investment
Back to index Figure 30: Availability of Labor/Skills

Guyana* 0% 20% 20%
La Rioja* 0% 25% 25%
Ecuador 6% 19% 25%
Chubut 18% 9% 27%
Namibia* 17% 17% 33%
Bolivia 9% 27% 36%
Ghana* 10% 30% 40%
Rio Negro* 29% 14% 43%
Mendoza 9% 36% 45%
Nunavut 8% 40% 48%
Zambia* 0% 50% 50%
Brazil 33% 22% 56%
Colombia 0% 67% 67%
Yukon 32% 39% 71%
Turkey* 29% 43% 71%
San Juan 39% 33% 72%
Mali* 13% 63% 75%
Jujuy 18% 59% 76%
Spain* 40% 40% 80%
Montana 20% 60% 80%
Salta 36% 45% 82%
Mexico 41% 44% 85%
Peru 45% 41% 86%
Ontario 40% 47% 87%
Tasmania* 50% 38% 88%
New Mexico* 50% 38% 88%
Alaska 45% 45% 90%
Wyoming* 70% 20% 90%
Norway 20% 70% 90%
Quebec 50% 41% 91%
Arizona 68% 24% 92%
Idaho 77% 15% 92%
Finland 50% 44% 94%
Nevada 57% 39% 96%
Chile 48% 48% 96%
Utah 54% 46% 100%
Sweden 43% 57% 100%
Russia* 33% 67% 100%
Portugal* 50% 50% 100%
Alberta 44% 56% 100%
Availability of Labor/Skills
Alberta
Northern Ireland*
Portugal*
Russia*
Sweden
Utah
Chile
Nevada
Finland
Idaho
Arizona
British Columbia
Quebec
Minnesota*
New Brunswick
Norway
Wyoming*
Alaska
Queensland
New Mexico*
Tasmania*
Saskatchewan
Ontario
New South Wales
Peru
Victoria
South Australia
Mexico
Ontario
New South Wales
Peru
Victoria
South Australia
Mexico
Western Australia
Salta
Colorado
Michigan*
Montana
New Zealand*
Spain*
Jujuy
Northern Territory
0% 20% 40% 60% 80% 100%

Nova Scotia
Manitoba
Mali*
San Juan
Turkey*
Yukon
Botswana*
Colombia
California
South Africa
Mozambique*
Indonesia*
Brazil
Catamarca
Greenland*
Tanzania*
Washington*
Zambia*
Nunavut
Santa Cruz
Mendoza
Rio Negro*
Dominican Republic*
Ghana*
Guinea (Conakry)*
Bolivia
Namibia*
Mauritania*
Ghana*
Guinea (Conakry)*
Bolivia
Namibia*
Mauritania*
Chubut
Ecuador
La Rioja*
Zimbabwe*
Papua New Guinea*

Encourages
Guyana* investment
Burkina Faso* Not a deterrent

to Investment
Venezuela*
0% 100% 0% 20% 40% 60% 80% 100%

Encourages
investment
Not a deterrent
to Investment
Table A1: Mineral Potential, Assuming Policies Based on Best Practices (i.e. world class regulat
environment, highly competitive taxation, no political risk or uncertainty, and a fully stable mini
regime)
Back to index
1: Encourages investment 2: Not a deterrent to investment
3: Mild deterrent to investment 4: Strong deterrent to investmen
5: Would not pursue investment due to this factor
Response 1 2 3
Alberta 50% 31% 6%
Manitoba 55% 34% 7%
Newfoundland and Labrador 60% 36% 4%
Canada

Nunavut 56% 24% 20%
Ontario 53% 42% 6%
Quebec 70% 25% 5%
Yukon 66% 24% 5%
Alaska 73% 23% 3%
Arizona 73% 27% 0%
Colorado 67% 27% 7%
Idaho 57% 36% 7%
United States

Montana 40% 47% 13%
Nevada 76% 20% 4%
New Mexico* 50% 38% 13%
Utah 38% 38% 15%
Wyoming* 20% 70% 10%
Australia

Tasmania* 13% 50% 38%
Oceania

Democratic Republic of Congo (DRC)* 56% 11% 33%
ica
Ghana* 40% 60% 0%
Mali* 50% 50% 0%
Africa
Namibia* 17% 67% 17%
Zambia* 50% 17% 17%
Zimbabwe* 38% 38% 13%
Chubut 25% 33% 25%
Jujuy 47% 24% 24%
Argentina
La Rioja* 13% 50% 38%

Mendoza 36% 27% 9%
Rio Negro* 14% 43% 29%
Salta 50% 32% 14%
San Juan 44% 22% 17%

Bolivia 36% 18% 27%
Brazil 42% 58% 0%
Chile 44% 41% 15%
Colombia 73% 9% 9%
Ecuador 47% 27% 20%
Guyana* 20% 40% 40%
Mexico 52% 33% 11%
Peru 52% 31% 7%
Finland 50% 44% 6%

Europe
Norway 10% 70% 10%

Russia* 67% 17% 17%
Spain* 0% 60% 20%
Sweden 29% 57% 7%
Turkey* 86% 0% 14%
Notes:
ices (i.e. world class regulatory
ainty, and a fully stable mining
ot a deterrent to investment
rong deterrent to investment
factor
4 5
13% 0%
0% 0%
0% 3%
0% 0%
0% 0%
8% 0%
5% 0%
0% 0%
0% 0%
0% 0%
0% 0%
3% 3%
0% 0%
0% 0%
0% 0%
0% 0%
0% 0%
20% 0%
0% 0%
0% 0%
0% 0%
0% 0%
8% 0%
0% 0%
0% 0%
0% 0%
0% 0%
0% 0%
0% 0%
0% 0%
7% 0%
0% 0%
13% 0%
0% 0%
0% 0%
0% 0%
0% 0%
0% 0%
0% 0%
0% 0%
0% 0%
0% 0%
0% 0%
0% 0%
20% 0%
25% 25%
17% 0%
13% 0%
13% 0%
17% 0%
6% 0%
0% 0%
27% 0%
14% 0%
5% 0%
17% 0%
15% 0%
9% 9%
0% 0%
0% 0%
9% 0%
0% 0%
7% 0%
0% 0%
4% 0%
10% 0%
0% 43%
0% 0%
0% 0%
0% 0%
11% 0%
0% 10%
0% 0%
0% 0%
20% 0%
7% 0%
0% 0%
Table A2: Uncertainty Regarding the Administration, Interpretation, and Enforcement of Existing
Back to index Regulations
3: Mild deterrent to investment 4: Strong deterrent to investment
Response 1 2 3
Alberta 33% 39% 11%
Canada

Nunavut 19% 35% 31%
Ontario 27% 32% 30%
Quebec 57% 21% 13%
Yukon 31% 33% 18%
Alaska 47% 24% 29%
Arizona 28% 62% 3%
Idaho 56% 31% 13%
United States

Montana 5% 38% 38%
Nevada 47% 44% 7%
Utah 38% 44% 13%
Wyoming* 50% 33% 8%
Australia

Tasmania* 44% 44% 11%
Oceania

Botswana* 57% 29% 14%
Ghana* 0% 73% 27%
Africa
Mali* 25% 38% 25%
Africa
Namibia* 13% 63% 25%
Zambia* 0% 43% 29%
Chubut 0% 0% 15%
Jujuy 33% 28% 17%
Argentina
La Rioja* 11% 22% 11%

Mendoza 0% 0% 31%
Rio Negro* 43% 43% 14%
Salta 54% 46% 0%
San Juan 35% 30% 25%

Bolivia 0% 7% 53%
Brazil 26% 42% 16%
Chile 36% 39% 21%
Ecuador 0% 28% 33%
Guyana* 0% 40% 40%
Mexico 7% 40% 30%
Peru 29% 38% 15%
Finland 33% 56% 6%
Europe
Norway 17% 25% 25%

Portugal* 50% 33% 17%
Russia* 13% 25% 50%
Spain* 0% 50% 13%
Sweden 24% 41% 24%
Turkey* 13% 38% 38%
Notes:
, and Enforcement of Existing
factor
4 5
17% 0%
20% 2%
19% 16%
5% 0%
4% 0%
19% 4%
18% 5%
12% 4%
9% 2%
6% 2%
6% 0%
16% 2%
0% 0%
7% 0%
47% 20%
20% 0%
0% 0%
0% 0%
0% 0%
14% 5%
2% 0%
8% 0%
6% 0%
11% 11%
0% 8%
21% 13%
6% 6%
11% 4%
6% 0%
0% 0%
14% 7%
0% 0%
20% 10%
38% 0%
25% 8%
0% 0%
0% 0%
0% 20%
0% 0%
20% 0%
13% 0%
14% 14%
20% 0%
0% 0%
39% 6%
22% 22%
29% 0%
11% 56%
11% 0%
38% 46%
17% 6%
33% 22%
46% 23%
0% 0%
0% 0%
10% 0%
7% 0%
20% 20%
5% 11%
3% 0%
21% 0%
40% 0%
33% 6%
20% 0%
13% 10%
18% 0%
0% 89%
6% 0%
50% 0%
0% 0%
0% 0%
25% 8%
0% 0%
13% 0%
25% 13%
12% 0%
0% 13%
Back to index Table A3: Uncertainty Concerning Environmental Regulations
Response 1 2 3
Alberta 18% 53% 18%
Manitoba 13% 45% 6%
Canada

Nunavut 4% 46% 31%
Ontario 14% 35% 33%
Quebec 31% 40% 19%
Yukon 13% 33% 31%
Alaska 29% 37% 23%
Arizona 24% 48% 21%
Colorado 5% 33% 38%
Idaho 13% 63% 25%
United States

Montana 0% 29% 48%
Nevada 33% 49% 16%
Utah 20% 53% 27%
Wyoming* 8% 83% 0%
Australia

Tasmania* 20% 30% 30%
Victoria 7% 40% 27%
Oceania

Botswana* 14% 71% 14%
Ghana* 10% 70% 20%
Africa
Mali* 13% 88% 0%
Africa
Namibia* 13% 50% 38%
Zambia* 14% 43% 14%
Chubut 0% 0% 8%
Jujuy 22% 39% 22%
Argentina
La Rioja* 11% 11% 22%

Mendoza 0% 0% 23%
Rio Negro* 43% 14% 43%
Salta 50% 46% 4%
San Juan 35% 35% 15%

Bolivia 0% 20% 53%
Brazil 10% 40% 30%
Chile 9% 55% 33%
Colombia 7% 21% 36%
Ecuador 0% 11% 67%
Guyana* 20% 40% 40%
Mexico 10% 43% 30%
Peru 15% 59% 15%
Finland 26% 42% 26%
Europe
Norway 8% 42% 25%

Portugal* 17% 33% 33%
Russia* 25% 38% 25%
Spain* 0% 25% 63%
Sweden 6% 53% 18%
Turkey* 0% 63% 25%
Notes:
Regulations
factor
4 5
6% 6%
30% 7%
19% 16%
5% 5%
4% 4%
21% 11%
17% 4%
12% 8%
14% 4%
8% 2%
3% 3%
13% 9%
9% 3%
7% 0%
53% 20%
24% 0%
0% 0%
40% 0%
0% 10%
19% 5%
2% 0%
0% 0%
0% 0%
44% 11%
8% 0%
37% 5%
11% 6%
11% 4%
0% 0%
20% 0%
27% 0%
5% 0%
20% 10%
50% 0%
0% 18%
0% 0%
0% 0%
0% 0%
0% 0%
0% 0%
0% 0%
0% 0%
0% 0%
0% 0%
21% 0%
33% 0%
29% 0%
22% 0%
6% 0%
38% 54%
11% 6%
33% 22%
38% 38%
0% 0%
0% 0%
15% 0%
7% 0%
20% 7%
15% 5%
3% 0%
29% 7%
40% 0%
11% 11%
0% 0%
13% 3%
9% 3%
11% 67%
5% 0%
0% 17%
0% 0%
22% 0%
25% 0%
17% 0%
13% 0%
0% 13%
24% 0%
0% 13%
Table A4: Regulatory Duplication and Inconsistencies (includes federal/provincial, federal/stat
Back to index inter-departmental overlap, etc,)
Response 1 2 3
Alberta 17% 56% 17%
Canada

Nunavut 0% 58% 23%
Ontario 13% 44% 31%
Quebec 28% 41% 17%
Yukon 16% 36% 22%
Alaska 23% 37% 37%
Arizona 36% 43% 11%
Idaho 20% 53% 27%
United States

Montana 0% 35% 50%
Nevada 29% 60% 11%
New Mexico* 25% 50% 17%
Utah 25% 50% 25%
Wyoming* 20% 50% 20%
Australia

Tasmania* 30% 30% 10%
Victoria 7% 40% 20%
Oceania

Botswana* 29% 57% 14%
Ghana* 10% 70% 20%
Africa
Mali* 0% 88% 13%
Africa
Namibia* 13% 25% 63%
Tanzania* 0% 0% 56%
Zambia* 0% 43% 29%
Chubut 0% 0% 8%
Jujuy 22% 39% 22%
Argentina
La Rioja* 11% 22% 22%

Mendoza 0% 0% 23%
Rio Negro* 29% 43% 29%
Salta 54% 25% 17%
San Juan 42% 16% 16%

Bolivia 0% 7% 73%
Brazil 0% 42% 47%
Chile 21% 45% 30%
Colombia 7% 36% 36%
Ecuador 6% 22% 39%
Guyana* 20% 40% 40%
Mexico 3% 53% 37%
Peru 12% 56% 18%
Finland 32% 42% 26%
Europe
Norway 0% 50% 25%

Portugal* 17% 67% 17%
Russia* 13% 13% 38%
Spain* 0% 50% 38%
Sweden 12% 47% 29%
Turkey* 13% 25% 50%
Notes:
deral/provincial, federal/state,
factor
4 5
6% 6%
16% 6%
23% 13%
0% 5%
0% 4%
21% 7%
9% 5%
12% 8%
11% 2%
9% 4%
3% 3%
22% 4%
3% 0%
11% 0%
33% 13%
25% 0%
0% 0%
0% 0%
10% 0%
15% 0%
0% 0%
8% 0%
0% 0%
11% 11%
10% 0%
31% 11%
20% 0%
15% 4%
0% 0%
30% 0%
27% 7%
3% 0%
10% 20%
25% 0%
18% 18%
0% 0%
0% 0%
30% 0%
0% 0%
0% 0%
0% 0%
14% 0%
20% 0%
0% 0%
37% 0%
22% 22%
29% 0%
22% 22%
11% 0%
54% 38%
11% 6%
22% 22%
54% 23%
0% 0%
4% 0%
26% 0%
14% 0%
13% 7%
11% 0%
3% 0%
21% 0%
20% 0%
33% 0%
0% 0%
3% 3%
12% 3%
22% 67%
0% 0%
33% 17%
0% 0%
0% 0%
25% 0%
0% 0%
38% 0%
13% 0%
12% 0%
0% 13%
Table A5: Legal System (legal processes that are fair, transparent, non-corrupt, timely, efficient
Back to index administered, etc.)
Response 1 2 3
Alberta 50% 39% 6%
Manitoba 13% 58% 6%
Canada

Nunavut 19% 56% 19%
Ontario 26% 56% 14%
Quebec 45% 36% 15%
Yukon 36% 42% 9%
Alaska 46% 46% 6%
Arizona 54% 36% 7%
Idaho 63% 31% 6%
United States
Michigan* 20% 60% 20%

Montana 15% 55% 25%
Nevada 48% 39% 11%
Utah 50% 44% 6%
Wyoming* 64% 18% 18%
Australia

Oceania

Ghana* 18% 36% 45%
Africa
Mali* 0% 63% 38%
Africa
Namibia* 13% 38% 38%
Zambia* 0% 29% 57%
Chubut 0% 8% 23%
Jujuy 17% 33% 39%
Argentina
La Rioja* 22% 22% 0%

Mendoza 0% 15% 46%
Rio Negro* 29% 43% 29%
Salta 46% 25% 29%
San Juan 25% 40% 20%

Bolivia 0% 0% 40%
Brazil 5% 40% 30%
Chile 18% 55% 27%
Colombia 0% 29% 57%
Ecuador 0% 22% 56%
Guyana* 0% 40% 60%
Mexico 3% 40% 40%
Peru 12% 41% 38%
Venezuela* 0% 0% 0%
Finland 63% 32% 5%
Europe
Norway 17% 58% 17%

Portugal* 17% 50% 33%
Russia* 0% 38% 25%
Spain* 13% 38% 38%
Sweden 47% 41% 12%
Turkey* 29% 29% 29%
Notes:
non-corrupt, timely, efficiently
factor
4 5
0% 6%
1% 1%
10% 13%
0% 5%
0% 4%
14% 4%
4% 4%
4% 4%
2% 2%
0% 4%
3% 3%
9% 4%
3% 0%
4% 0%
33% 7%
5% 0%
0% 0%
0% 0%
0% 0%
5% 0%
2% 0%
0% 0%
0% 0%
0% 11%
0% 0%
16% 8%
0% 0%
4% 4%
0% 0%
0% 0%
7% 0%
0% 0%
40% 20%
13% 0%
25% 8%
14% 0%
25% 0%
60% 20%
0% 0%
20% 0%
0% 0%
14% 14%
0% 20%
13% 0%
32% 0%
11% 33%
14% 0%
11% 44%
6% 0%
38% 31%
6% 6%
22% 33%
23% 15%
0% 0%
0% 0%
10% 5%
14% 0%
53% 7%
25% 0%
0% 0%
7% 7%
40% 0%
22% 0%
0% 0%
13% 3%
9% 0%
13% 88%
0% 0%
33% 0%
0% 0%
0% 0%
0% 8%
0% 0%
25% 13%
13% 0%
0% 0%
0% 14%
Table A6: Taxation Regime (includes personal, corporate, payroll, capital, and other taxes, an
Back to index complexity of tax compliance)
Response 1 2 3
Alberta 18% 82% 0%
Manitoba 6% 52% 19%
Canada

Nunavut 4% 70% 22%
Ontario 9% 59% 20%
Quebec 28% 46% 22%
Yukon 13% 65% 18%
Alaska 39% 58% 3%
Arizona 26% 74% 0%
Idaho 47% 47% 7%
United States

Montana 12% 71% 18%
Nevada 33% 58% 8%
New Mexico* 33% 44% 22%
Utah 23% 69% 8%
Wyoming* 30% 60% 10%
Australia

Tasmania* 13% 63% 13%
Victoria 0% 64% 29%
Oceania
Ghana* 18% 55% 18%
Africa
Mali* 13% 50% 25%
Africa
Namibia* 0% 33% 67%
Tanzania* 0% 0% 50%
Zambia* 17% 17% 17%
Chubut 8% 8% 31%
Jujuy 17% 33% 28%
Argentina
La Rioja* 22% 11% 11%

Mendoza 8% 17% 42%
Rio Negro* 43% 0% 29%
Salta 29% 25% 33%
San Juan 16% 26% 26%

Bolivia 0% 15% 38%
Brazil 5% 37% 47%
Chile 10% 55% 31%
Colombia 9% 45% 9%
Ecuador 6% 35% 35%
Guyana* 20% 20% 60%
Mexico 4% 39% 39%
Peru 16% 50% 31%
Finland 24% 53% 24%
Europe
Norway 9% 73% 9%
Portugal* 33% 33% 33%
Russia* 17% 17% 67%
Spain* 14% 57% 29%
Sweden 7% 73% 20%
Turkey* 29% 29% 29%
Notes:
capital, and other taxes, and
factor
4 5
0% 0%
7% 0%
13% 10%
9% 0%
0% 0%
4% 0%
13% 0%
4% 0%
11% 2%
2% 2%
3% 3%
5% 0%
0% 0%
0% 0%
21% 7%
6% 0%
0% 0%
0% 0%
0% 0%
0% 0%
2% 0%
0% 0%
0% 0%
0% 0%
0% 0%
5% 5%
12% 0%
4% 4%
0% 0%
13% 0%
7% 0%
0% 0%
50% 0%
0% 0%
33% 0%
0% 0%
14% 0%
20% 0%
9% 0%
20% 0%
0% 13%
29% 14%
0% 0%
0% 0%
19% 0%
13% 38%
50% 0%
38% 13%
28% 0%
46% 8%
17% 6%
44% 11%
33% 0%
29% 0%
13% 0%
26% 5%
36% 0%
38% 8%
5% 5%
3% 0%
36% 0%
20% 0%
24% 0%
0% 0%
11% 7%
3% 0%
38% 50%
0% 0%
0% 33%
0% 0%
0% 0%
9% 0%
0% 0%
0% 0%
0% 0%
0% 0%
0% 14%
Back to index Table A7: Uncertainty Concerning Disputed Land Claims
Response 1 2 3
Alberta 6% 44% 44%
Manitoba 6% 19% 26%
Canada

Nunavut 15% 37% 37%
Ontario 5% 30% 39%
Quebec 24% 39% 28%
Yukon 10% 17% 41%
Alaska 39% 39% 19%
Arizona 40% 56% 0%
Idaho 36% 57% 7%
United States
Michigan* 20% 60% 20%

Montana 33% 60% 0%
Nevada 38% 58% 4%
New Mexico* 29% 57% 14%
Utah 27% 64% 9%
Wyoming* 25% 63% 13%
Australia

Victoria 7% 57% 14%
Oceania

Ghana* 0% 60% 40%
Africa
Mali* 13% 75% 13%
Africa
Namibia* 0% 50% 17%
Zambia* 17% 50% 17%
Chubut 8% 54% 8%
Jujuy 6% 56% 22%
Argentina
La Rioja* 22% 44% 11%

Mendoza 8% 50% 17%
Rio Negro* 43% 29% 14%
Salta 29% 50% 17%
San Juan 21% 53% 16%

Bolivia 0% 8% 38%
Brazil 5% 58% 16%
Chile 14% 59% 24%
Colombia 9% 27% 55%
Ecuador 0% 29% 53%
Guyana* 20% 60% 20%
Mexico 0% 41% 33%
Peru 10% 45% 39%
Venezuela* 0% 0% 0%
Finland 29% 53% 18%
Europe
Norway 18% 45% 9%

Russia* 17% 50% 33%
Spain* 43% 43% 14%
Sweden 13% 60% 13%
Turkey* 14% 29% 43%
Notes:
nd Claims
factor
4 5
0% 6%
40% 10%
32% 16%
5% 5%
0% 4%
32% 11%
9% 4%
4% 7%
21% 4%
7% 2%
0% 3%
20% 12%
3% 0%
0% 4%
0% 0%
0% 0%
0% 0%
0% 0%
11% 0%
7% 0%
0% 0%
0% 0%
0% 0%
0% 0%
0% 0%
17% 8%
24% 0%
11% 4%
20% 0%
25% 0%
14% 7%
9% 0%
13% 13%
20% 0%
33% 22%
0% 0%
0% 0%
22% 0%
0% 0%
0% 0%
0% 0%
14% 14%
20% 0%
33% 0%
19% 6%
25% 13%
0% 17%
13% 38%
0% 0%
15% 15%
11% 6%
11% 11%
17% 8%
14% 0%
4% 0%
11% 0%
14% 0%
54% 0%
11% 11%
3% 0%
9% 0%
0% 0%
18% 0%
0% 0%
19% 7%
6% 0%
25% 75%
0% 0%
17% 0%
0% 0%
0% 0%
18% 9%
0% 0%
0% 0%
0% 0%
13% 0%
0% 14%
Table A8: Uncertainty over which Areas will be Protected as Wilderness, Parks or Archeologic
Back to index Sites
Response 1 2 3
Alberta 0% 71% 18%
Manitoba 0% 26% 29%
Canada

Nunavut 0% 37% 37%
Ontario 6% 35% 37%
Quebec 13% 52% 22%
Yukon 5% 22% 44%
Alaska 23% 32% 32%
Arizona 27% 50% 15%
Idaho 36% 36% 29%
United States
Michigan* 20% 20% 60%

Montana 6% 38% 38%
Nevada 29% 52% 13%
New Mexico* 33% 44% 22%
Utah 23% 46% 23%
Wyoming* 40% 50% 10%
Australia

Victoria 0% 43% 36%
Oceania

Ghana* 10% 70% 20%
Africa
Mali* 13% 75% 13%
Africa
Namibia* 17% 50% 33%
Zambia* 17% 67% 17%
Chubut 15% 8% 23%
Jujuy 17% 44% 28%
Argentina
La Rioja* 33% 22% 11%

Mendoza 17% 8% 33%
Rio Negro* 43% 29% 29%
Salta 29% 46% 21%
San Juan 33% 17% 33%

Bolivia 0% 38% 54%
Brazil 0% 47% 26%
Chile 7% 55% 31%
Colombia 8% 25% 42%
Ecuador 0% 24% 47%
Guyana* 40% 20% 40%
Mexico 4% 54% 29%
Peru 3% 55% 35%
Finland 12% 71% 18%
Europe
Norway 0% 64% 27%

Russia* 17% 67% 17%
Spain* 0% 57% 43%
Sweden 7% 73% 7%
Turkey* 0% 57% 29%
Notes:
rness, Parks or Archeological
factor
4 5
6% 6%
34% 5%
32% 13%
0% 5%
0% 4%
32% 7%
13% 4%
22% 4%
20% 2%
11% 2%
6% 3%
22% 7%
13% 0%
4% 4%
43% 0%
25% 0%
0% 0%
0% 0%
30% 0%
19% 0%
6% 0%
0% 0%
8% 0%
11% 0%
0% 0%
16% 8%
24% 6%
15% 4%
29% 0%
50% 0%
21% 0%
9% 6%
0% 13%
40% 0%
0% 11%
0% 0%
0% 0%
0% 0%
0% 0%
0% 0%
0% 0%
0% 0%
0% 0%
0% 0%
0% 0%
0% 13%
0% 0%
0% 13%
0% 0%
15% 38%
6% 6%
22% 11%
0% 42%
0% 0%
4% 0%
11% 6%
14% 0%
8% 0%
26% 0%
7% 0%
25% 0%
0% 0%
24% 6%
0% 0%
11% 4%
6% 0%
14% 57%
0% 0%
0% 0%
0% 0%
0% 0%
0% 9%
0% 0%
0% 0%
0% 0%
13% 0%
0% 14%
Back to index Table A9: Quality of Infrastructure (includes access to roads, power availability, etc.)
Response 1 2 3
Alberta 35% 53% 12%
Canada

Nunavut 0% 4% 33%
Ontario 15% 49% 31%
Quebec 48% 28% 22%
Yukon 7% 24% 44%
Alaska 16% 25% 31%
Arizona 62% 35% 4%
Colorado 31% 63% 6%
Idaho 50% 50% 0%
United States
Michigan* 20% 60% 20%

Montana 19% 81% 0%
Nevada 63% 35% 2%
New Mexico* 22% 67% 11%
Utah 54% 46% 0%
Wyoming* 50% 50% 0%
Australia

Tasmania* 25% 50% 25%
Oceania

Botswana* 14% 29% 43%
Ghana* 10% 50% 10%
Africa
Mali* 0% 38% 38%
Africa
Namibia* 17% 17% 50%
Zambia* 0% 67% 17%
Chubut 8% 31% 23%
Jujuy 17% 28% 44%
Argentina
La Rioja* 11% 33% 44%

Mendoza 8% 50% 33%
Rio Negro* 29% 14% 57%
Salta 21% 25% 46%
San Juan 11% 42% 26%

Bolivia 0% 23% 46%
Brazil 16% 47% 32%
Chile 31% 55% 14%
Colombia 8% 17% 58%
Ecuador 18% 12% 59%
Guyana* 0% 20% 60%
Mexico 11% 57% 18%
Peru 6% 48% 29%
Finland 71% 29% 0%
Europe
Norway 45% 27% 27%

Russia* 0% 33% 33%
Spain* 29% 71% 0%
Sweden 40% 47% 13%
Turkey* 29% 43% 14%
Notes:
power availability, etc.)
factor
4 5
0% 0%
8% 0%
10% 3%
5% 0%
0% 0%
46% 0%
0% 0%
63% 0%
5% 0%
2% 0%
3% 0%
24% 0%
28% 0%
0% 0%
0% 0%
0% 0%
0% 0%
0% 0%
10% 0%
0% 0%
0% 0%
0% 0%
0% 0%
0% 0%
0% 0%
0% 0%
13% 0%
4% 0%
7% 0%
0% 0%
0% 0%
0% 0%
14% 0%
0% 0%
44% 11%
14% 0%
43% 0%
40% 0%
30% 0%
40% 0%
25% 0%
57% 0%
40% 0%
17% 0%
13% 0%
0% 13%
17% 0%
38% 13%
11% 0%
31% 8%
6% 6%
0% 11%
8% 0%
0% 0%
8% 0%
16% 5%
21% 0%
31% 0%
5% 0%
0% 0%
17% 0%
0% 0%
12% 0%
20% 0%
11% 4%
16% 0%
13% 63%
0% 0%
33% 17%
0% 0%
0% 0%
0% 0%
0% 0%
33% 0%
0% 0%
0% 0%
0% 14%
Table A10: Socioeconomic Agreements/Community Development Conditions (includes local
purchasing, processing requirements or supplying social infrastructure such as schools or
Back to index hospitals, etc,)
Response 1 2 3
Alberta 44% 38% 19%
Manitoba 7% 30% 43%
Canada

Nunavut 8% 27% 54%
Ontario 15% 44% 35%
Quebec 27% 51% 18%
Yukon 15% 38% 41%
Alaska 33% 47% 13%
Arizona 28% 68% 4%
Idaho 43% 57% 0%
United States
Michigan* 40% 40% 20%

Montana 21% 64% 14%
Nevada 39% 57% 4%
New Mexico* 29% 57% 14%
Utah 33% 50% 17%
Wyoming* 67% 33% 0%
Australia

Tasmania* 38% 25% 25%
Victoria 7% 50% 36%
Oceania

Botswana* 17% 67% 17%
frica
Ghana* 20% 0% 50%
Mali* 13% 63% 25%
Africa
Namibia* 17% 50% 17%
Tanzania* 13% 25% 25%
Zambia* 17% 33% 0%
Chubut 8% 8% 33%
Jujuy 12% 35% 41%
Argentina
La Rioja* 13% 25% 38%

Mendoza 0% 18% 45%
Rio Negro* 29% 14% 57%
Salta 32% 41% 27%
San Juan 17% 33% 39%

Bolivia 0% 9% 45%
Brazil 5% 32% 42%
Chile 12% 54% 23%
Colombia 9% 27% 55%
Ecuador 6% 13% 56%
Guyana* 20% 20% 40%
Mexico 4% 18% 61%
Peru 0% 29% 52%
Finland 47% 47% 7%
Europe
Norway 20% 60% 20%

Russia* 0% 50% 50%
Spain* 20% 60% 20%
Sweden 21% 71% 7%
Turkey* 14% 29% 43%
Notes:
t Conditions (includes local
ructure such as schools or
factor
4 5
0% 0%
10% 2%
13% 7%
0% 0%
0% 0%
27% 4%
5% 0%
12% 0%
6% 0%
4% 0%
0% 0%
3% 3%
7% 0%
0% 0%
8% 0%
13% 0%
0% 0%
0% 0%
0% 0%
0% 0%
0% 0%
0% 0%
0% 0%
13% 0%
0% 0%
5% 5%
6% 0%
7% 4%
8% 0%
13% 0%
7% 0%
3% 0%
25% 0%
20% 0%
22% 0%
0% 0%
33% 0%
22% 11%
30% 0%
0% 0%
0% 0%
29% 0%
40% 0%
17% 0%
33% 0%
38% 0%
50% 0%
75% 0%
13% 0%
42% 8%
6% 6%
13% 13%
27% 9%
0% 0%
0% 0%
11% 0%
0% 0%
36% 9%
16% 5%
12% 0%
9% 0%
20% 0%
25% 0%
20% 0%
14% 4%
19% 0%
13% 63%
0% 0%
17% 17%
0% 0%
0% 0%
0% 0%
0% 0%
0% 0%
0% 0%
0% 0%
0% 14%
Table A11:Trade Barriers—tariff and non-tariff barriers; restrictions on profit repatriation, curren
Back to index restrictions, etc.
Response 1 2 3
Alberta 44% 44% 13%
Manitoba 14% 66% 7%
Canada

Nunavut 31% 54% 12%
Ontario 23% 72% 4%
Quebec 33% 56% 9%
Yukon 31% 59% 5%
Alaska 53% 40% 3%
Arizona 50% 42% 0%
Idaho 50% 43% 7%
United States

Montana 47% 40% 7%
Nevada 42% 52% 4%
New Mexico* 44% 44% 11%
Utah 62% 38% 0%
Wyoming* 70% 20% 10%
Australia

Tasmania* 25% 50% 25%
Oceania

Botswana* 17% 50% 17%
Ghana* 10% 50% 20%
Africa
Mali* 13% 75% 13%
Africa
Namibia* 17% 67% 17%
Zambia* 0% 33% 33%
Catamarca 6% 0% 44%
Chubut 0% 17% 42%
Jujuy 6% 0% 47%
Argentina
La Rioja* 0% 0% 50%
Mendoza 0% 9% 36%
Rio Negro* 0% 14% 43%
Salta 5% 5% 41%
San Juan 6% 17% 33%

Bolivia 0% 36% 45%
Brazil 16% 32% 42%
Chile 15% 62% 23%
Ecuador 0% 31% 44%
Guyana* 0% 40% 60%
Mexico 11% 50% 32%
Peru 23% 58% 16%
Finland 44% 56% 0%
Europe
Norway 30% 70% 0%

Russia* 0% 33% 67%
Spain* 0% 80% 0%
Sweden 23% 77% 0%
Turkey* 14% 43% 29%
Notes:
on profit repatriation, currency
factor
4 5
0% 0%
3% 0%
7% 7%
0% 0%
4% 0%
0% 0%
0% 0%
4% 0%
2% 0%
0% 2%
3% 0%
5% 0%
3% 0%
8% 0%
7% 0%
6% 0%
0% 0%
20% 0%
10% 0%
7% 0%
2% 0%
0% 0%
0% 0%
0% 0%
0% 0%
3% 3%
6% 0%
0% 4%
0% 0%
0% 0%
0% 0%
0% 0%
13% 0%
20% 0%
22% 11%
17% 0%
33% 0%
22% 11%
20% 0%
20% 0%
0% 0%
29% 0%
20% 20%
0% 0%
13% 0%
25% 25%
33% 0%
63% 13%
38% 13%
42% 0%
41% 6%
38% 13%
55% 0%
43% 0%
45% 5%
33% 11%
31% 0%
18% 0%
5% 5%
0% 0%
8% 0%
0% 0%
25% 0%
0% 0%
4% 4%
3% 0%
13% 75%
0% 0%
0% 17%
0% 0%
0% 0%
0% 0%
0% 0%
0% 0%
20% 0%
0% 0%
0% 14%
Back to index Table A12: Political Stability
Response 1 2 3
Alberta 56% 38% 6%
Canada

Nunavut 32% 36% 24%
Ontario 41% 43% 13%
Quebec 49% 33% 13%
Yukon 38% 33% 26%
Alaska 61% 35% 3%
Arizona 59% 33% 4%
Idaho 60% 27% 13%
United States
Michigan* 40% 20% 40%

Montana 25% 50% 6%
Nevada 56% 29% 13%
Utah 54% 46% 0%
Wyoming* 50% 50% 0%
Australia

Oceania

Ghana* 10% 50% 30%
Africa
Mali* 13% 25% 38%
Africa
Namibia* 17% 50% 17%
Zambia* 0% 50% 17%
Zimbabwe* 0% 0% 38%
Chubut 0% 8% 33%
Jujuy 18% 35% 35%
Argentina
La Rioja* 0% 38% 25%

Mendoza 9% 27% 27%
Rio Negro* 14% 43% 43%
Salta 41% 27% 27%
San Juan 33% 17% 33%

Bolivia 0% 18% 36%
Brazil 16% 37% 32%
Chile 15% 44% 33%
Ecuador 0% 19% 56%
Guyana* 0% 20% 60%
Mexico 7% 21% 43%
Peru 0% 35% 48%
Venezuela* 0% 0% 0%
Finland 81% 19% 0%
Europe
Norway 60% 30% 0%

Russia* 60% 20% 20%
Spain* 40% 20% 20%
Sweden 57% 36% 0%
Turkey* 29% 43% 14%
Notes:
factor
4 5
0% 0%
7% 0%
17% 7%
0% 0%
0% 0%
7% 4%
5% 0%
8% 0%
4% 0%
2% 2%
0% 0%
0% 3%
0% 0%
0% 4%
21% 0%
19% 6%
0% 0%
0% 0%
20% 0%
19% 0%
2% 0%
0% 0%
0% 0%
22% 0%
0% 0%
0% 5%
6% 0%
0% 4%
0% 0%
0% 0%
7% 0%
0% 0%
25% 0%
0% 0%
22% 22%
0% 0%
33% 0%
44% 11%
10% 0%
40% 0%
25% 0%
14% 0%
0% 20%
17% 0%
27% 13%
25% 13%
0% 33%
13% 50%
0% 0%
42% 17%
6% 6%
13% 25%
27% 9%
0% 0%
0% 5%
6% 11%
8% 0%
45% 0%
16% 0%
4% 4%
0% 8%
40% 0%
25% 0%
20% 0%
21% 7%
16% 0%
0% 100%
0% 0%
50% 0%
0% 0%
0% 0%
10% 0%
0% 0%
0% 0%
20% 0%
7% 0%
0% 14%
Back to index Table A13: Labor Regulations/Employment Agreements and Labour Militancy/Work Disruption
Response 1 2 3
Alberta 31% 63% 0%
Manitoba 13% 70% 3%
Canada

Nunavut 15% 54% 27%
Ontario 22% 61% 13%
Quebec 33% 47% 16%
Yukon 21% 64% 13%
Alaska 47% 47% 7%
Arizona 46% 42% 8%
Idaho 57% 43% 0%
United States

Montana 40% 33% 27%
Nevada 49% 47% 4%
Utah 54% 46% 0%
Wyoming* 50% 40% 10%
Australia

Victoria 21% 64% 0%
Oceania

Ghana* 10% 40% 50%
Africa
Mali* 25% 50% 25%
Africa
Namibia* 17% 33% 33%
Tanzania* 13% 38% 38%
Zambia* 17% 33% 50%
Chubut 8% 17% 25%
Jujuy 6% 29% 53%
Argentina
La Rioja* 13% 50% 0%

Mendoza 9% 36% 27%
Rio Negro* 43% 29% 29%
Salta 18% 50% 23%
San Juan 18% 35% 18%

Bolivia 0% 9% 36%
Brazil 0% 47% 42%
Chile 8% 48% 36%
Colombia 8% 58% 33%
Ecuador 0% 38% 50%
Guyana* 20% 20% 60%
Mexico 4% 25% 54%
Peru 16% 35% 39%
Venezuela* 0% 0% 0%
Finland 19% 81% 0%
Europe
Norway 10% 80% 0%

Portugal* 50% 33% 17%
Russia* 17% 67% 0%
Spain* 40% 20% 0%
Sweden 7% 79% 7%
Turkey* 43% 29% 14%
Notes:
ur Militancy/Work Disruptions
factor
4 5
6% 0%
5% 0%
7% 7%
5% 0%
0% 0%
0% 0%
0% 0%
0% 4%
4% 0%
4% 0%
3% 0%
3% 0%
0% 0%
4% 0%
7% 0%
6% 0%
0% 0%
0% 0%
10% 0%
0% 0%
0% 0%
0% 0%
0% 0%
0% 0%
0% 0%
5% 5%
12% 0%
7% 4%
7% 0%
13% 0%
14% 0%
6% 0%
13% 13%
0% 0%
0% 11%
0% 0%
17% 0%
11% 0%
0% 0%
0% 0%
0% 0%
29% 0%
0% 20%
17% 0%
27% 0%
0% 13%
0% 0%
0% 0%
6% 0%
50% 0%
12% 0%
25% 13%
27% 0%
0% 0%
5% 5%
24% 6%
31% 0%
55% 0%
11% 0%
8% 0%
0% 0%
0% 0%
13% 0%
0% 0%
14% 4%
10% 0%
38% 63%
0% 0%
17% 0%
0% 0%
0% 0%
10% 0%
0% 0%
17% 0%
40% 0%
7% 0%
0% 14%
Table A14: Quality of Geological Database (includes quality and scale of maps, ease of access
Back to index information, etc.)
Response 1 2 3
Alberta 50% 38% 6%
Canada

Nunavut 16% 40% 44%
Ontario 44% 54% 2%
Quebec 66% 25% 9%
Yukon 58% 32% 11%
Alaska 52% 41% 7%
Arizona 44% 36% 16%
Idaho 46% 31% 23%
United States

Montana 27% 40% 33%
Nevada 37% 39% 16%
New Mexico* 38% 50% 13%
Utah 38% 31% 31%
Wyoming* 50% 40% 10%
Australia

Oceania

Ghana* 11% 44% 33%
Africa
Mali* 0% 88% 13%
Africa
Namibia* 33% 67% 0%
Zambia* 17% 33% 33%
Zimbabwe* 13% 25% 25%
Chubut 17% 33% 42%
Jujuy 35% 35% 18%
Argentina
La Rioja* 25% 38% 25%

Mendoza 9% 27% 55%
Rio Negro* 29% 43% 29%
Salta 45% 45% 9%
San Juan 33% 44% 22%

Bolivia 0% 27% 36%
Brazil 5% 47% 42%
Chile 33% 56% 7%
Colombia 0% 58% 42%
Ecuador 0% 33% 47%
Guyana* 0% 40% 40%
Mexico 15% 63% 11%
Peru 30% 40% 20%
Finland 88% 13% 0%
Europe
Norway 40% 40% 20%

Portugal* 17% 50% 33%
Russia* 0% 67% 33%
Spain* 20% 60% 20%
Sweden 50% 36% 14%
Turkey* 14% 57% 14%
Notes:
ale of maps, ease of access to
factor
4 5
6% 0%
0% 0%
7% 7%
0% 0%
0% 0%
0% 0%
0% 0%
0% 0%
0% 0%
0% 0%
0% 0%
0% 0%
0% 0%
4% 0%
7% 0%
0% 0%
0% 0%
0% 0%
0% 0%
0% 0%
8% 0%
0% 0%
0% 0%
0% 0%
0% 0%
0% 0%
0% 0%
0% 0%
0% 0%
0% 0%
0% 0%
0% 0%
13% 0%
20% 0%
22% 0%
17% 0%
33% 0%
11% 11%
11% 0%
0% 0%
0% 0%
29% 0%
40% 0%
0% 0%
20% 0%
0% 13%
17% 0%
25% 13%
6% 0%
0% 8%
6% 6%
0% 13%
0% 9%
0% 0%
0% 0%
0% 0%
0% 0%
36% 0%
5% 0%
4% 0%
0% 0%
0% 0%
20% 0%
20% 0%
11% 0%
10% 0%
25% 38%
0% 0%
17% 0%
0% 0%
0% 0%
0% 0%
0% 0%
0% 0%
0% 0%
0% 0%
14% 0%
Table A15: Security (includes physical security due to the threat of attack by terrorists,
Back to index criminals, guerrila groups, etc.)
3: Mild deterrent to investment 4: Strong deterrent to investment
Response 1 2 3
Alberta 81% 19% 0%
Manitoba 43% 43% 4%
Canada

Nunavut 60% 36% 4%
Ontario 65% 33% 2%
Quebec 68% 30% 2%
Yukon 63% 37% 0%
Alaska 90% 10% 0%
Arizona 68% 24% 4%
Colorado 67% 20% 7%
Idaho 85% 15% 0%
United States

Montana 73% 27% 0%
Nevada 78% 22% 0%
Utah 92% 8% 0%
Wyoming* 100% 0% 0%
Australia

Victoria 36% 64% 0%
Oceania

Ghana* 10% 60% 30%
Africa
Mali* 0% 13% 50%
Africa
Namibia* 17% 67% 0%
Zambia* 0% 67% 17%
Zimbabwe* 0% 0% 75%
Chubut 50% 33% 17%
Jujuy 53% 29% 12%
Argentina
La Rioja* 50% 38% 13%

Mendoza 45% 36% 18%
Rio Negro* 71% 29% 0%
Salta 82% 5% 14%
San Juan 50% 33% 17%

Bolivia 0% 18% 45%
Brazil 16% 21% 47%
Chile 41% 37% 22%
Colombia 0% 25% 50%
Ecuador 13% 44% 38%
Guyana* 0% 40% 60%
Mexico 4% 4% 44%
Peru 14% 48% 34%
Venezuela* 0% 0% 0%
Finland 94% 6% 0%
Europe
Norway 80% 20% 0%

Russia* 33% 33% 17%
Spain* 80% 20% 0%
Sweden 86% 14% 0%
Turkey* 14% 43% 29%
Notes:
hreat of attack by terrorists,
Not a deterrent to investment

Strong deterrent to investment
his factor
4 5
0% 0%
2% 0%
7% 4%
0% 0%
0% 0%
0% 0%
0% 0%
0% 0%
0% 0%
0% 0%
0% 0%
0% 0%
0% 0%
0% 4%
7% 0%
7% 0%
0% 0%
0% 0%
0% 0%
0% 0%
0% 0%
0% 0%
0% 0%
13% 0%
0% 0%
0% 0%
0% 0%
0% 0%
0% 0%
0% 0%
0% 0%
0% 0%
0% 13%
0% 0%
56% 11%
0% 0%
83% 0%
33% 22%
0% 0%
20% 0%
38% 0%
14% 0%
20% 0%
17% 0%
40% 7%
13% 13%
17% 0%
13% 13%
0% 0%
0% 0%
0% 6%
0% 0%
0% 0%
0% 0%
0% 0%
0% 0%
0% 0%
27% 9%
5% 11%
0% 0%
25% 0%
20% 0%
6% 0%
0% 0%
41% 7%
3% 0%
13% 88%
0% 0%
0% 0%
0% 0%
0% 0%
0% 0%
0% 0%
0% 17%
0% 0%
0% 0%
0% 14%
Back to index Table A16: Availability of Labor and Skills
Response 1 2 3
Alberta 44% 56% 0%
Canada

Nunavut 8% 40% 32%
Ontario 40% 47% 11%
Quebec 50% 41% 7%
Yukon 32% 39% 24%
Alaska 45% 45% 10%
Arizona 68% 24% 8%
Idaho 77% 15% 8%
United States

Montana 20% 60% 20%
Nevada 57% 39% 4%
New Mexico* 50% 38% 13%
Utah 54% 46% 0%
Wyoming* 70% 20% 0%
Australia

Tasmania* 50% 38% 13%
Oceania

Ghana* 10% 30% 60%
Africa
Mali* 13% 63% 25%
Africa
Namibia* 17% 17% 50%
Zambia* 0% 50% 50%
Chubut 18% 9% 36%
Jujuy 18% 59% 18%
Argentina
La Rioja* 0% 25% 50%

Mendoza 9% 36% 36%
Rio Negro* 29% 14% 57%
Salta 36% 45% 18%
San Juan 39% 33% 22%

Bolivia 9% 27% 45%
Brazil 33% 22% 39%
Chile 48% 48% 4%
Colombia 0% 67% 33%
Ecuador 6% 19% 63%
Guyana* 0% 20% 60%
Mexico 41% 44% 11%
Peru 45% 41% 14%
Finland 50% 44% 6%
Europe
Norway 20% 70% 10%

Russia* 33% 67% 0%
Spain* 40% 40% 20%
Sweden 43% 57% 0%
Turkey* 29% 43% 14%
Notes:
lls
factor
4 5
0% 0%
0% 2%
7% 0%
0% 0%
0% 0%
8% 0%
0% 0%
16% 4%
2% 0%
2% 0%
0% 0%
5% 0%
0% 0%
0% 0%
0% 0%
7% 0%
0% 0%
0% 0%
0% 0%
0% 0%
0% 0%
0% 0%
0% 0%
13% 0%
10% 0%
3% 0%
6% 0%
0% 0%
0% 0%
0% 0%
0% 0%
3% 0%
14% 0%
20% 0%
44% 0%
0% 0%
0% 0%
11% 0%
0% 0%
0% 0%
0% 0%
29% 0%
0% 20%
17% 0%
7% 0%
13% 0%
0% 0%
13% 13%
6% 0%
27% 9%
0% 6%
0% 25%
9% 9%
0% 0%
0% 0%
6% 0%
23% 0%
18% 0%
6% 0%
0% 0%
0% 0%
0% 0%
13% 0%
20% 0%
0% 4%
0% 0%
25% 50%
0% 0%
33% 0%
0% 0%
0% 0%
0% 0%
0% 0%
0% 0%
0% 0%
0% 0%
0% 14%

Annual Survey of Mining Companies 2020 Tables and Figures

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Annual Survey of Mining Companies 2020 Tables and Figures

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Mining Survey 2020 - Figures and Tables

Figure 1 - The Position Survey Respondents Hold in Their Company, 2020

Single Factor Barriers

Table A1 - Mineral Potential, Assuming Policies Based on Best Practices

Figure 1: The Position Survey Respondents Hold in Their

Other Senior Management

Figure 2: Company Focus as Indicated by Respo

An exploration company 50.37%

A producer company with more than US

company with more than US$50M

A producer company with less than US$50M

Table 1: Investment Attractiv

Northwest Territories 65.10 67.93 82.46 73.20 75.77

Michigan* 50.91 ** 70.70 75.67 74.38

Queensland 78.00 79.33 81.67 80.53 81.40

New Zealand* 56.12 64.59 66.47 60.51 57.47

La Rioja* 44.44 34.48 48.70 46.06 33.94

Santa Cruz 67.39 60.49 62.46 60.98 54.80

Norway 59.65 70.26 61.65 63.24 70.59

* Between 5 and 9 responses on one or more questions

Newfoundland & Labrador

New South Wales

New South Wales

Democratic Rep. of Congo (DRC)*

Papua New Guinea*

Papua New Guinea*

Table 2: Policy Perceptio

Northwest Territories 67.55 63.24 77.16 69.37

Michigan* 82.26 ** 90.20 89.18

Queensland 81.12 76.91 84.64 75.78

New Zealand* 80.29 72.83 85.40 64.43

Papua New Guinea* 53.35 49.60 60.81 47.27

La Rioja* 54.84 42.44 46.76 52.66

Santa Cruz 76.17 63.73 65.09 61.38

Norway 81.61 84.00 85.38 77.75

* Between 5 and 9 responses on one or more questions

47.99 71/77 63/76 61/83 77/91 83/104

Washington* 79.05 Michigan*

vada Guinea (Conakry)*

xico* New South Wales

rway Burkina Faso*

ntana South Africa

rway Burkina Faso*

ntana South Africa

and* Democratic Rep. of Congo (DRC)*

orado Papua New Guinea*

Table 3: Best Practices Mineral Pote

Northwest Territories 63.46 71.05 86.00 75.76 77.78

Michigan* 30.00 ** 57.69 66.67 63.64

Queensland 75.93 80.95 79.69 83.70 83.33

New Zealand* 40.00 59.09 53.85 57.89 44.12

Papua New Guinea* 55.56 65.00 70.00 75.00 73.81

La Rioja* 37.50 29.17 50.00 41.67 31.25

Santa Cruz 61.54 58.33 60.71 60.71 50.00

Norway 45.00 61.11 45.83 53.57 58.33

* Between 5 and 9 responses on one or more questions

54/77 38/76 23/83 20/91 23/104

Jurisdiction Encourages InvestmWeighted--Not a Sum - Best Practices Mineral Potential Index

Arizona New Brunswick

Turkey* Guinea (Conakry)*

Western Australia Jujuy

South Australia Portugal*

Colorado Burkina Faso*