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03 MARCH 2021 AL CIRCLE

Guinea ranks No.3 at African jurisdiction in mining policies for 2020, says Fraser Institute

EDITED BY : RUPANKAR MAJUMDER 2MINS READ

The world’s largest bauxite exporting nation, Guinea has made an astonishing entry in the 2019 Fraser Institute ranking, crowing first in the world in terms of mining potential. Notwithstanding, the poor discernment of its mining policies obstructed the country from appearing in the top 10, in terms of overall attractiveness.

Guinea ranks No.3 at African jurisdiction in mining policies

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According to the Fraser Institute, the top think-tank in Canada and which now ranks in the top 15 among all think-tanks worldwide pointed that Guinea ranks as the 43rd most attractive jurisdiction globally in 2020, while the West African nation was at 20th place in 2019. If this position marks a relapse to the country that was both continental leader and 1st in the world in terms of mineral potential, it must be stressed that the first African producer of bauxite increased from the 68th to the 44th place worldwide in mining policies.

Fraser Institute takes into account both the mining potential (60%) and the regulations in force (40%) in its annual ranking evaluation in regards to the overall attractiveness of mining jurisdictions around the world, whereas, in the second area, Guinea increased its score by 33 points, which is considered as the best performance for an African nation.

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Guinea ranks the as 4th most attractive mining jurisdiction in Africa, 3rd in terms of mining policies of 13 countries evaluated. In total, the organization included 77 countries in its annual ranking in 2020 compared to 76 a year earlier.


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EDITED BY : RUPANKAR MAJUMDER 2MINS READ

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