Fraser Institute’s Survey sees Australian rankings rise
1 March 2019
Western Australia, the Northern Territory, New South Wales and Victoria all rose in mineral investment attractiveness according to the Fraser Institute’s Annual Survey of Mining Companies for 2018 published today.
“The Fraser Institute Survey reflects the market sentiment, and in 2018 we saw the return of confidence to the mining and mineral exploration sector, “says Chief Executive Officer of the Association of Mining and Exploration Companies, Warren Pearce.
“Western Australia rose to second in the world behind Nevada, USA. This follows improved responses regarding political stability, royalties and environmental regulation. It can reasonably be interpreted that taking the gold royalty change off the table has helped WA’s ranking.”
Western Australia reversed a three-year downward trend and rose from 5th place on the Investment Attractiveness Index to second overall. Western Australia’s rise was driven by a jump of twelve places up the Policy Perception Index from 17th in 2017 to 5th in 2018.
New South Wales rose to 46th from 42nd in 2018. Victoria jumped from 71st in 2018 to 54th in 2019 and improved their Policy Perception Index score from 52nd to 43rd. Over the last year, South Australia tumbled from 14th to 24th, and Queensland dropped one place from 12th, and Tasmania declined again to 55th in the world.
The Northern Territory rose four places to 23rd in the world, however had the largest decline in the PPI score and rank of any Australian jurisdiction, dropping eight places to 41st (of 83 jurisdictions) shifting to 33rd (of 91 jurisdictions) from 22nd (of 104) last year.
“Victoria and Tasmania remain the worst performing Australian jurisdictions at 55 and 54 respectively on the Investment Attractiveness Index. However, New South Wales is Australia’s lowest ranked jurisdiction when policy settings are the only consideration.”
“It should be noted that this year has the smallest number of countries surveyed. The number falling to 83 from a high of 122 in 2014. This fall of 39 countries does distort the calculation and may artificially inflate some rankings.”
“A number of the rankings have moved around substantially, and this reflects a need for stability from Government in the setting of policy and treatment of industry.”
“AMEC is advocating for regulatory reform, and the funding of exploration incentive schemes and co-funded drilling programmes to encourage greater mineral exploration and mining in Australia, which will generate significant economic returns for the economy,” said Mr Pearce.
Link to the Fraser Institute Survey here