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Gold/Mining/Energy : Rock Resources -- Ignore unavailable to you. Want to Upgrade?

To: Stew who wrote (1388)	12/13/1999 6:27:00 PM
From: marcos	Read Replies (1) \| Respond to of 1996

British Columbia the pits for mining investment: study Quebec ranks high on list By GREG CRONE The Financial Post British Columbia is continuing its streak as one of the worst mining jurisdictions in the world to invest in mostly because of public policies that are harmful to exploration, a survey conducted by the Fraser Institute says. The Vancouver-based think tank asked 111 mining companies to rate the attractiveness of mining jurisdictions for exploration investment based on mineral potential as well as public policies such as taxation, regulatory consistency, and land use policies. B.C. came in second-to-last place with a score of three out of a possible 100, edged out by Maine for last with a score of one. B.C. received a low ranking due mainly to its "abysmal" performance on the public policy potential index, the report says. It received the lowest score in this category of any jurisdiction for the third year in a row. Maine came in last due to its lowest ranking on the mineral potential index. B.C.'s environmental review process is politically driven, complained one respondent. "Serious environmental issues and good science take a back seat to political grandstanding and generalized public opinion." <--- Notez Bien "Miners, loggers, ranchers, etc., must be allowed to use the land instead of being legislated and regulated off it," said another. Quebec was the second most attractive jurisdiction for overall investment attractiveness, scoring 81 out of 100, behind only the state of Nevada, which scored 85. Also placing in the top 10 jurisdictions for overall investment appeal are Manitoba with a score of 69, Peru (59), Ontario (58), Argentina (55) and Mexico (54). In stark contrast to B.C., Quebec received high praise for having good laws, agreements with native people in place and lots of unexplored mineral potential. "The province is very pro-mining, offering incentives and realistic environmental practices," said one respondent. The annual ranking was constructed by multiplying the mineral potential index, which rates regions based on geological attractiveness, and the policy potential index, which is a composite index measuring the effects of government policies on exploration investment, and dividing by 100. canoe.ca Mexico over BC by 54 to 3, that sounds about right ... with Chile near or above Mexico