Home Infographics How does the Philippines compare with its neighbors in mining attractiveness?

How does the Philippines compare with its neighbors in mining attractiveness?

In the latest edition of the annual survey of mining and exploration companies by Canadian policy think tank Fraser Institute, the Philippines ranked 57th in the Investment Attractiveness Index out of 84 jurisdictions (provinces, states, and countries). The survey assessed how mineral endowments and public policy factors such as taxation and regulatory uncertainty affect exploration investment. The Investment Attractiveness Index identified jurisdictions that have the most attractive policies for encouraging investment in mining exploration. It was a combination of a jurisdiction’s geologic attractiveness (Best Practices Mineral Potential index) and policy climate (Policy Perception Index or PPI). In terms of mineral potential, the Philippines placed 29th. However, it was of the least attractive jurisdictions based on PPI rankings (83rd). The report said the uncertainty concerning environmental regulations, regulatory inconsistencies, legal system, taxation, disputed land claims, political instability, and security were all policy factors that deter investment in the Philippines.

How does the Philippines compare with its neighbors in mining attractiveness?