Finland’s attractiveness for mining industry investments decreased in the Fraser Institute’s Annual Survey of Mining Companies 2020. However, Finnish geodata sets were ranked among the best in the world.
The Fraser Institute’s annual survey evaluates the attractiveness of different countries and locations for mining investments based on mineral potential and political factors.
Finland’s ranking has varied throughout the years. Last year, Finland was the second most attractive country for global mining investors. This year, Finland was in 10th place, being the most attractive country in Europe.
The operating environment in Finland was ranked 3rd globally. This was due to Finland’s comprehensive geodata sets, high-quality infrastructure, straightforward laws and the transparency of the Finnish social system, among others.
Digital geodata sets are a significant factor in making mining investment decisions.
‘The geodata we produce is high in quality on a global scale thanks to our extensive work, strong expertise and advanced technological competence. Using artificial intelligence has provided new opportunities for refining and processing geodata’, says Niina Ahtonen from GTK’s Information Solutions unit.
The 2020 Annual Survey of Mining Companies was sent to around 2,200 mineral exploration, development and mining companies throughout the world. The survey was conducted between 6 August and 6 November 2020, with a total of 276 mining executives responding to it.
Link to the survey:
Niina Ahtonen, Head of Unit, GTK, email@example.com, +358 29 503 3638