26 Feb Western Australia tops 2019 Fraser Institute survey of mining jurisdictions
Western Australia has risen to the top of the Fraser Institute’s latest Annual Survey of Mining Companies, ahead of Finland and the US state of Nevada in second and third respectively.
The Australian state, which is home to almost 130 export-oriented mining projects and hundreds of smaller quarries and mines producing over 50 different commodities, moved up from second place in 2018 to become the survey’s most attractive mining destination.
Nevada fell two places in the latest survey but remained ahead of Alaska, Portugal, South Australia, the Republic of Ireland, Idaho, Arizona and Sweden. For the first time in a decade, no Canadian jurisdiction made the top 10 rankings.
The 2019 edition of the renowned survey, which takes both mineral and policy perception into consideration, was based on feedback from 263 respondents covering 76 global mining destinations.
“A sound regulatory regime coupled with competitive taxes are key to making a jurisdiction attractive to investors,” said Fraser Institute senior policy analyst Ashley Stedman following the release of the survey.
Tanzania was the lowest ranked jurisdiction in the 2019 survey, below Chubut and La Rioja in Argentina, Guatemala and the Dominican Republic.