Morocco ranks second globally among the most attractive jurisdictions for mining policies, according to the Fraser Institute’s latest annual ranking of senior executives of major mining and exploration companies.
“Along with the Republic of Ireland and Morocco, the top 10 ranked jurisdictions are Northern Ireland, Western Australia, Quebec, Nevada, Utah, Saskatchewan, Finland and Alberta,” notes the report, which presents the results of the annual 2021 survey of the Canadian think tank.
The Kingdom is in second place with a score of 98.06 out of 84 provinces, states and countries analyzed.
“While geological and economic considerations are key factors in mineral exploration, the political climate of a region is also an important investment consideration,” the report’s authors state.
The Mining Policy Perception Index is a composite index that measures the overall policy attractiveness of the jurisdictions examined.
It takes into account a range of factors that affect investment decisions such as regulatory administration, legal system, tax regime, environmental policy, infrastructure, socio-economic development conditions, political stability, labor regulations, security and availability of labor and skills.
In addition, Morocco ranks in the top 10 of the world’s most attractive jurisdictions for mining investment.
According to the Fraser Institute, the Global Investment Attractiveness Index is calculated by combining the Best Practices Mineral Potential Index, which rates regions based on their geological attractiveness, and the Policy Perception Index, a composite index that measures the effects of government policy on attitudes toward exploration investment.
According to the same source, parties surveyed for this ranking “consistently report that approximately 40% of their investment decisions are driven by political factors.”
The world’s top jurisdiction for investment attractiveness is Western Australia, followed by Saskatchewan, Canada, and Nevada, while Alaska, Arizona, Quebec, Idaho, Morocco, Yukon (Canada) and South Australia round out the top 10.
“The United States has the most jurisdictions (4) in this year’s top 10, followed by Canada (3), Australia (2) and Africa (1)”, in this case Morocco, it says.
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