The MJI World Risk Report 2022, featuring MineHutte ratings, showed a slight improvement in its global Investment Risk Index (IRI) score, to 60 from 59 in the 2021 report.
The IRI is built on a combination of 10 'Hard Risk' metrics taken from established risk-related indices – including MineHutte's Regulatory Risk Ratings and Corruption Exposure Risk index – and an accompanying 'Perceived Risk' score, from the
The metrics fall within five categories: Legal, Governance, Social, Fiscal and Infrastructure. This year's report includes scores from 109 jurisdictions.
The marginal improvement in 2022 follows previous declines in global IRI scores from 61 in the inaugural World Risk Report in 2017 and a high of 62 the following year. The figures were 61 in 2019 and 59 in 2020.
"Overall risk faced by mining companies globally has improved marginally, in part driven by a more stable economic backdrop following global COVID-19 lockdowns and a better average energy security performance among the 109 jurisdictions," Mining Journal Intelligence editor
"But there is some way to go for risk to recede to the levels seen prior to the start of the pandemic."
TAXES,
One positive for the sector was in corporate and mining-specific taxes, which make up two of the three metrics measured in the Fiscal category.
While many governments have threatened to increase tax revenues from mining in the wake of the COVID-19 pandemic and amid continued strong prices of many metals, little changed in the 2022 report, with scores for both metrics increasing by a point to 72 and 66, respectively.
"Mining companies may be relieved that despite much debate globally, tax and royalty hikes appear to have been largely avoided, although this does not rule out higher taxes in the coming years," Williams said.
While
Mining Journal Intelligence is part of by
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SOURCE Mining Journal Intelligence
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