AusBN - Western Australia has upheld its reputation as Australia’s capital of mining, despite being bumped down from first to third in the latest Fraser Institute rankings for best global mining investment destinations.
The state has been overtaken by Canadian provinces Saskatchewan and Manitoba in the global study for mining investment, but has been ranked seven places higher than Queensland, the next Australian mining destination to make the list.
The East Australian state squeezed into the top 10, coming in behind smaller European nations Sweden and Ireland.
Nevada, Finland, Quebec and Arizona made up the rest of the top 10 areas for mining investment.
Among the worst regions for mining investment, various areas in Argentina including Jujuy and Neuquen were ranked lower than war-torn areas in Venezuela and Afghanistan, due to high levels of government interventionism in the South American state.