According to the latest policy potential index (PPI) “Survey of Mining Companies: 2009/2010” issued by the Canadian Fraser Institute, Chile is the fourth most attractive country for mining investment. In the 2009-2010 ranking established by this think tank, Chile came after Canada, Finland and the United States. Every year, the survey measures the attributes of the public policies that govern the mining sector in 72 economies, as these influence the investment decisions of different companies of the sector. The report evaluates the perceptions of more than 600 mining companies all over the world. In the original ranking of the Fraser Institute, Chile was positioned in seventh place, because the list measures regions and not countries. In this sense, the country was only beaten by the Canadian regions of Québec, New Brunswick and Alberta, in addition to Finland and the U.S. state of Nevada.
Thus, Chile is the only country outside North America that has consistently been ranked among the first ten territories. And although at one point there was concern in the sector due to the royalty the mining companies have to pay, this uncertainty has now been overcome, because the group appreciates the well established regulations and procedures there are in the country.
With regard to the interpretation and application of the existing regulations, the report ranked Chile in sixth place, stating that “Chile has clear regulations and well-established procedures”.
A final aspect in which Chile stood out was the current regulatory atmosphere regarding exploration. A favorable regulatory regime can either motivate or inhibit the exploration of mining potential. The country ranked second after Nevada according to this criterion, followed by Québec, Burkina Faso and Mexico; all among the most attractive.
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