Nevada is the world’s new top mining destination

The U.S. state of Nevada is the new most attractive region for mining investors, replacing iron ore-rich Western Australia in the 2020 survey of resource and exploration companies released Tuesday by the Fraser Institute.

The new version of the think-tank’s popular ranking is based on answers from 276 participants, which provided sufficient data to evaluate the overall investment attractiveness of 77 jurisdictions.

The result is a combination of two indexes — Best Practices Mineral Potential, which rates regions based on their geologic attractiveness, and the Policy Perception Index, a composite indicator that measures the effects of government policy on attitudes toward exploration investment.