Western Australia Minister for Mines and Petroleum Norman Moore
WA a Top Mining And Exploration Destination
Victor P Taffa
Western Australia’s international standing as a destination of choice for investment in the mining industry has been further strengthened by the 2011-12 Fraser Institute survey results.
This year WA was among the top 20 mining jurisdictions in the world, with the State ranked equal 11th out of 93 jurisdictions, up six places from last year in the internationally-respected survey. WA’s overall score was 81.5, equal with the Northern Territory.
Mines and Petroleum Minister Norman Moore said he was not surprised by the pleasing results, despite the recent progress of the Federal Government’s mining and carbon taxes.
“WA’s reputation as the nation’s leading State when it comes to attracting exploration and mining has been solidified again, thanks to the hard work of the State Government and the Department of Mines and Petroleum.” Mr. Moore said.
“The State Government’s reforms to the approvals process have offered greater transparency and certainty for industry and this was reflected in the latest survey’s results.”
South Australia slid in its international rankings from 11th position last year to 19th spot with a score of 75.3 out of 100, while Queensland gained ten spots on last year to take 28th position with a score of 65.5, followed by Tasmania in 30th position and New South Wales in 32nd position. Victoria ranked lowest in 44th spot on the index with a score of 52.1.
In another category, Mineral Potential Assuming Current Regulation Land Use Restrictions, the survey also ranked WA as the most attractive Australian jurisdiction for mineral potential.
“State Government initiatives such as the $80 Million Exploration Incentive Scheme, funded by Royalties for Regions, play an important role in demonstrating the potential for discovery of a wide range of mineral commodities.” the Minister said.
- 93 jurisdictions surveyed this year compared to 79 last year