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Fraser Institutes Mining Survey not good news for SA
The latest Fraser Institute’s Annual Survey of Mining Companies, which aims to establish how mineral endowment and public policy factors such as taxation and regulation affect exploration investment, shows South Africa has fallen 12 ranking positions in the 2009/2010 year to 61st out of 72 jurisdictions. 
The Canadian based institute sends its survey to approximately 3 000 exploration, development and other mining companies around the world. 
South Africa is now hovering just outside the ten worst ranked jurisdictions for mining investment globally and is the third worst ranked country in Africa, ahead of only the Democratic Republic of Congo and Zimbabwe. 
One of the reasons for the fall in South Africa's rankings is uncertainty concerning "native land claims" and the overall security situation. Other factors include the taxation regime, political stability, and availability of labour and skills. The ongoing debate about mine nationalisation has also been a factor. 
On a positive side, the Department of Mineral Resources, under the leadership of Minister Susan Shabangu, has this year, shown a real commitment to turn around South Africa's mining sector through a tripartite consultation process. 
Minister Shabangu has called for the country's mining laws to be amended by early 2011, and if this process proceeds as envisaged, there is no reason to think that South Africa cannot improve substantially on its Fraser Institute score in 2011.
Source:  Webber Wentzel

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