WA ‘displaced’ as top mining investment | Australian Markets
WA has plunged down a world checklist of the world’s best mining locations, with survey respondents citing approval delays and coverage uncertainty.
The annual mining survey by Canada’s Fraser Institute has the State falling from fourth to seventeenth in 2024 as Finland was catapulted into No.1 place, changing Utah.
Nevada and Alaska rounded out the top three.
For the primary time in latest reminiscence, Australia didn’t make the survey’s top-10 mining jurisdictions by investment attractiveness.
The institute ranks the world’s mining locations by measuring their practices, mineral potential and regulatory and monetary insurance policies based mostly on a survey of more than 2200 firms.
There are doubts, nonetheless, how consultant the ballot is.
The 2024 survey, undertaken between August and December, relies on 350 responses, with rankings decided on a response threshold of simply 5.
The Fraser Institute stated WA ranked seventeenth on investment attractiveness and 18th on coverage.
“Respondents expressed increasing concerns over Western Australia’s uncertainty concerning disputed land claims, regulatory duplication and inconsistencies, and its taxation regime,” the survey report authors stated.
However, NSW and Queensland skilled essentially the most important declines in coverage perceptions, sending them tumbling down the rankings, from thirteenth to thirty ninth and thirtieth to 62nd respectively.
South Australia went from nineteenth to thirty fifth, and the Northern Territory sank from eighth to thirty eighth.
Finland was one of 5 new entrants within the Fraser Institute’s 2024 top-10 together with Alaska, Wyoming, Sweden and Norway, with the group displacing WA, Utah, Manitoba, Quebec, the Northern Territory and Ontario.
Ethiopia was rated the least least engaging investment jurisdiction, adopted by Suriname, Niger, Nova Scotia, Mozambique, Madagascar, Bolivia, Dominican Republic, Guinea and Minnesota.
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