Finland is the best country for mining and petroleum investment, according to Aspermont's RESOURCESTOCKS magazine’s 2011 World Risk Survey.
- Finland the most appealing nation for resources investment and operation
- Australia storms up the list of favourable jurisdictions as tax trouble eases
- Canada loses top spot, with rejection of BHP Billiton’s bid for PotashCorp hurting its image
- Emerging African mining centres show strength
With a score of 7, Finland had the lowest and therefore best risk rating out of a potential maximum high-risk score of 34. The country reclaimed the top spot, a position it held in the 2008 survey.
Finland beat Chile (9.7), Burkina Faso (11.2), Botswana and Sweden (both 11.3), the US (11.4), Australia (11.8), Brazil (11.9), Canada (12.4) and Argentina (13.1).
The survey results, compiled from a questionnaire sent to more than 1000 resource sector professionals, were published in the October edition of RESOURCESTOCKS magazine.
Respondents were asked to rank jurisdictions according to the perceived risk in the following criteria: financial risk, sovereign risk, land access, green tape, land claims, red tape, social risk, infrastructure, civil unrest, natural disasters and labour relations.
A weighting formula was used to assign relative importance to each category.
While marking countries, RESOURCESTOCKS also ranked Canadian provinces and Australian states as separate entities.
- Finland the most appealing nation for resources investment and operation
- Australia storms up the list of favourable jurisdictions as tax trouble eases
- Canada loses top spot, with rejection of BHP Billiton’s bid for PotashCorp hurting its image
- Emerging African mining centres show strength
With a score of 7, Finland had the lowest and therefore best risk rating out of a potential maximum high-risk score of 34. The country reclaimed the top spot, a position it held in the 2008 survey.
Finland beat Chile (9.7), Burkina Faso (11.2), Botswana and Sweden (both 11.3), the US (11.4), Australia (11.8), Brazil (11.9), Canada (12.4) and Argentina (13.1).
The survey results, compiled from a questionnaire sent to more than 1000 resource sector professionals, were published in the October edition of RESOURCESTOCKS magazine.
Respondents were asked to rank jurisdictions according to the perceived risk in the following criteria: financial risk, sovereign risk, land access, green tape, land claims, red tape, social risk, infrastructure, civil unrest, natural disasters and labour relations.
A weighting formula was used to assign relative importance to each category.
While marking countries, RESOURCESTOCKS also ranked Canadian provinces and Australian states as separate entities.
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