WA continues to perform in Fraser Institute global survey
|Date:||Tuesday, 09 May 2023|
Western Australia’s mining sector continues to impress in the latest release of the Fraser Institute’s Annual Survey of Mining Companies.
WA’s steady performance across 2022 was based on its transparent regulatory framework that ensures the State’s mining projects meet the highest environmental, social and governance (ESG) standards.
The State’s second-place ranking follows DMIRS’ recently released performance statistics that reported record resources sales of $246 billion in 2022. Iron ore, gold, spodumene, nickel, lithium and rare earth elements all delivered impressive sales figures.
Investment in the resources sector also continued its outstanding run with almost $26 billion invested in the State last year. WA has now seen 14 continuous quarters of increased investment spending.
The Fraser Institute is an independent Canadian policy think-tank. The Institute’s annual Fraser Report ranks mining regions on their geological potential and investors’ perception of government policy to provide an overall score for investment attractiveness.