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Alaska moves up in mining industry survey

Posted: March 15, 2013 - 12:04am

ANCHORAGE — Alaska’s ranking improved in the Fraser Institute’s 2012/2103 survey of the overall attractiveness of mining investment in 96 jurisdictions around the world.

The institute’s annual survey of mining and exploration companies looks at how a jurisdiction’s mineral endowment and public policy affects exploration investment.

In the most recent survey released last week, Alaska ranked at number 19 out of the 96 jurisdictions in terms of policy attractiveness. In the 2011/2012 survey, Alaska ranked 25th out of 93 jurisdictions.

According to the report, the overall policy attractiveness of Alaska improved in the past year due to “increased survey ratings for availability of labour and skills (13 percent); the quality of the geological database (11 percent); and infrastructure (8 percent).”

“This new report shows how our collaboration with the Alaska Legislature, industry, educators and other stakeholders is helping to improve opportunities and increase jobs in Alaska,” Dan Sullivan, Natural Resources Commissioner, said. “The hard work of many Alaskans is reflected in this improved ranking for the State, including work by State Geologist Bob Swenson and officials from the Department of Labor and Workforce Development.”

The Parnell Administration launched a strategic and critical minerals strategy in 2011, which focuses on increasing responsible exploration and development in the mineral sector. Key elements of the strategy include providing modern geological and geophysical data regarding lands open to mineral exploration and securing funding to support infrastructure needed to access mineral prospects.

To read the Fraser Institute survey, go to http://www.fraserinstitute.org/research-news/display.aspx?id=19401.

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