SA ranked 10th-worst mining destination in the world

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Great Dyke owns the Darwendale platinum deposit

A HIGHLY regarded global survey has for the first time ranked South Africa among the world’s 10 most unattractive mining destinations.

According to the Fraser Institute’s annual survey of mining companies, which measures the investment attractiveness of various mining jurisdictions, South Africa ranked 10th last in an Investment Attractiveness Index.

The index considers both policy and mineral potential and other metrics based on responses from companies operating and exploring in these jurisdictions.

Ranking 75th for 2021, South Africa has slipped down significantly after ranking 60th in 2020 and 40th in 2019.

Commenting on the survey, which was released on Tuesday, the Minerals Council South Africa noted the country’s investment attractiveness ranking was the worst it has been since 2009. – Fin24.com

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