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Web Exclusive | April 2013

India's rank improves in Fraser mining survey

According to a survey of the world's leading nations in mining sector conducted by a Canadian-based free-market think-tank Fraser Institute, India was ranked 81st from 89th spot last year.

China's ranking declined to 72nd out of 96 in 2012-13 from 58th out of 93 the prior year.

The survey measures the overall policy attractiveness of the 96 jurisdictions, but appears weighted more toward policies than geological quality.

The survey is learnt to have covered mostly small to medium mining companies, as it stated that the exploration spending of the 742 companies that responded was $6.2 billion in 2012.

China and India are increasingly dependent on commodity imports and therefore keen to increase local output, but it also would appear they aren't making it easy for explorers to come in and exploit domestic opportunities.

The survey examined whether the country or state an easy place to do business or is it risky? However the survey did not throw light on the quality of reserves, ease of mining and transport.

The survey focused on some of the policy factors including uncertainty concerning the administration of current regulations and environmental regulations, regulatory duplication, the legal system and taxation regime.

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