Canadian Mining Journal


Finland takes top spot for investment attractiveness: Fraser Institute

The following is an edited release by the Fraser Institute on the publication of its 2017 Annual Survey of Mining and Exploration Companies by Ashley Stedman and Kenneth P. Green. For more information, visit

This survey is an attempt to assess how mineral endowments and public policy factors such as taxation and regulatory uncertainty affect exploration investment. The survey was circulated electronically to 2,700 individuals between Aug. 22 and Nov. 10, 2017. Survey responses have been tallied to rank provinces, states and countries according to the extent that public policy factors encourage or discourage mining investment.

We received 360 responses for the survey, providing enough data to evaluate 91 jurisdictions. By way of comparison, 104 jurisdictions were evaluated in 2016, 109 in 2015, 122 in 2014 and 112 in 2013. The number of jurisdictions that can be included in the study tends to wax and wane as the mining sector grows or shrinks due to commodity prices and sectoral factors.

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1 Comment » for Finland takes top spot for investment attractiveness: Fraser Institute
  1. Finland is a great place to work. Firesteel (FTR.v) has been working in Finland for the last year bringing the Laiva Gold Mine back into production. We can only report positive things about the country: In comparison to many South American locations, the rules are clear, the authorities are supportive and even helpful. Property rights are entrenched. In a recent article, Forbes puts Finnish property rights ahead of Canada and USA. The infrastructure is superb. The workforce is well educated but there is a lack of practical experience even though there has been significant mining activity for many years. Nearly everyone speaks reasonable English. The corporate tax rate is 20%.

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