WA named a top investment destination for global resources
Resourcestocks magazine has published its 2011 World Risk Survey, finding that Western Australia shares first place with South Australia and Novia Scotia in the Australian States and Canadian Provinces survey.
The results position the state as equal third most appealing resources investment destination in the world. WA’s rating was up from last year’s second place rating of 15.9.
“A lot of work has been done to promote exploration and improve the approvals systems and technology support for online services for the resources sector, which is all reflected by WA’s improved rating,” Mines and Petroleum Minister Norman Moore said.
New South Wales’ survey rating was 10.6 and the Northern Territory was at 11, while Queensland (14.2) was deemed the riskiest investment destination in Australia.
More than 1,000 resource sector professionals were surveyed to rank jurisdictions according to perceived risks in areas such as financial, social and sovereign risk; land access and claims; green and red tape; infrastructure; civil unrest; natural disasters; and labour relations.
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