Ontario Ranked 23rd in Mining Attractiveness by Fraser Institute

KWG Resources
KWG Resources - Northwestern Ontario Ring of Fire and Big Daddy Chromite Discovery

KWG Resources
Located 500 kilometres northeast of Thunder Bay, the Ring of Fire contains at least $60 billion and counting of chromite, plus nickel, copper, platinum group elements, gold, zinc and vanadium metals.

THUNDER BAY – MINING – The most attractive jurisdiction in the world for mining investment this year is Finland. The other top 10 ranked jurisdictions are Saskatchewan, Nevada, Manitoba, Western Australia, Quebec, Wyoming, Newfoundland & Labrador, Yukon, and Alaska. Ontario was ranked 23rd, one spot above Alberta in the rankings.

Ontario was ranked 14th in 2013, and 9th in 2012.

This is the finding of the Fraser Institute’s annual survey of mining. The Fraser Institute Annual Survey of Mining Companies was sent to approximately 4,200 exploration, development, and other mining-related companies around the world.

Ontario’s Ring of Fire has offered mining an amazing potential. However the project has been tied up.

Noront Resources on the Ring of Fire

KWG Resources
KWG Resources – Northwestern Ontario Ring of Fire and Big Daddy Chromite Discovery

Finland displaces Western Australia, which dropped to 5th overall. Saskatchewan moved up 5 spots to rank as the second most attractive jurisdiction in the world for investment. Manitoba moved into the top 10 this year, after ranking 13th last year.

Greenland dropped out of the top 10 this year, moving down to 41st along with Sweden, which moved down to 12th. Meanwhile, Malaysia ranks as the least attractive jurisdiction in the world for investment. This is a significant drop for Malaysia which ranked 70th (of 112) in 2013. Also in the bottom 10 (beginning with the worst) are Hungary, Kenya, Honduras, Solomon Islands, Egypt, Guatemala, Bulgaria, Nigeria, and Sudan.