Mongolia gets mixed ratings in new Fraser Institute Survey,
ranks in upper third on composite index

Mongolia moved up in the composite investment attractiveness index in the 2012-2013 Fraser Institute Annual Survey of Mining Companies, released February 28. This composite index considers both policy and mineral potential and is weighted to emphasize mineral potential. Mongolia ranked 36th out of 96 jurisdictions in the composite index. But because of continuing policy uncertainties, in the Policy Potential Index (PPI), Mongolia ranked 84 out of 96; last year, Mongolia was 78/93; in 2010-2011, 54/79. 

In the separate index measuring  uncertainty about mining policy and implementation, Mongolia ranked 85th out of 96, with almost two-thirds of respondents saying that current policy vectors represented  either a strong investment deterrent or that they would not pursue investment at all under current conditions. Only about a third of respondents called the Mongolia uncertainty factor merely a mild deterrent.

The survey represents responses from 742 exploration, development, and other mining-related companies world-wide, which provided sufficient data to evaluate 96 jurisdictions. Finland had the highest Policy Potential Index (PPI) score; others in the top 10 most attractive jurisdictions were Sweden, Alberta, New Brunswick, Wyoming, Ireland, Nevada, Yukon, Utah, and Norway. The 10 least attractive jurisdictions for investment based on the PPI rankings are (starting with the worst): Indonesia, Vietnam, Venezuela, DRC (Congo), Kyrgyzstan, Zimbabwe, Bolivia, Guatemala, Philippines, and Greece. In Eurasia, China had the most significant drop in score and rank in this year's survey. For the first time since 2006/2007, no Canadian jurisdiction ranked first in the survey. Both Quebec and Saskatchewan dropped out of the top 10 in the rankings, to 11th and 13th respectively. 

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