South Australia ranks in Top 10 for global mining investment

26 Feb 2021

South Australia remains among the world’s top performing mining jurisdictions in the Fraser Institute’s influential global survey on mining investment attractiveness.

Minister for Energy and Mining Dan van Holst Pellekaan said the survey results are another great indicator regarding the health of the South Australian resources sector

“Whilst keeping South Australia safe during the COVID-19 pandemic in 2020, the Marshall Government has worked hard to promote the strength of our resources to an international audience and showcase our role as a state welcoming responsible mining development,” said Minister van Holst Pellekaan.

“The rankings highlights the importance of the Marshall Government’s $10 million Accelerated Discovery Initiative, ExploreSA: The Gawler Challenge, Gawler Magnetics and the Gawler Craton Airborne Survey and the tireless work of the South Australian Geological Survey to unlock our state’s mineral wealth and create highly paid, highly skilled jobs.

“Our continued high ranking in the latest Fraser Institute annual global survey shows that South Australia is open for business.

“South Australia climbed to 8th in the latest survey for Mineral Potential based on geological attractiveness which is a critical factor in future exploration expenditure.

“As jurisdictions across the global complete for exploration investment the Fraser Institute results again highlight South Australia as the place to do business.

“Another good result was South Australia’s climb to 8th in the Best Practices Mineral Potential Index which measures a jurisdiction’s policy practice including regulatory environment, taxation and political risk.

“The 2020 Fraser Institute report provides clear evidence that mineral deposits alone are not enough to attract precious commodity investment dollars.

“A sound stable regulatory regime coupled with competitive fiscal policies is key to making a jurisdiction attractive in the eyes of mining investors.

“The significant work that was undertaken in 2020 to update and improve the mining legislation in South Australia will pay dividends in the years to come by ensuring South Australia is seen as a responsible and stable jurisdiction.

“This improvement across multiple categories demonstrates that industry and government working together in a cooperative manner can boost the state’s appeal to global investors.”