The Australian state of Western Australia (WA) has been ranked the top jurisdiction in the world for mining investment based on investment attractiveness, an annual survey has found.
The resource-rich state moved up from the fourth place in 2020, pipping Saskatchewan, Canada (second) and Nevada, U.S.A. (third) in the Fraser Institute’s 2021 Annual Survey of Mining Companies, which was published on Tuesday.
The survey attempts to evaluate how mineral endowments and public policy factors affect exploration investment, with 290 respondents providing sufficient data to assess 84 jurisdictions around the world in 2021.
The state’s low percentage of negative responses from mining executives, relatively good policy performance, and geological attractiveness are the main reasons given for why WA performed so well on the overall Investment Attractiveness Index.
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