WA tops world rankings for mining investment

Western Australia has become the top mining jurisdiction for investment, according to Fraser Institute’s annual survey of mining company rankings.

Australian Mining is reporting the state leads the way for the first time since 2015 after being rated the second most attractive jurisdiction in the world by the Canadian think-tank last year.

Western Australia’s standing comes after Australia reported a record $290 billion in resource exports in 2019, according to recent trade data from the Australian Bureau of Statistics.

In the same rankings South Australia leapt to sixth (from 24th), but Queensland fell two places to 15th in the world, prompting Queensland Resources Council Chief Executive Ian Macfarlane to say the results sent a clear message that Queensland can’t become complacent in a field of intense global competition.

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