According to the MineNews.net website, the Fraser Institute in Canada released its 2023 Mining Investment Environment Survey report, and Australia fell out of the top spot for the first time since 2019.
Since 1997, the Fraser Institute has released similar reports every year. The organization conducts a survey of approximately 2000 mining executives worldwide every year.
In 2023, the Fraser Institute conducted a questionnaire survey and evaluation of geological potential and government policies in 86 countries and regions worldwide. The 2022 report only covered 62 countries and regions.
The Fraser Institute's evaluation results clearly favor the North American region, and this time it is no exception, with the top four being in the region.
Utah in the United States ranks first, with uranium and lithium becoming promising minerals in the state.
The top five also include Nevada in the United States, Saskatchewan in Canada, and Quebec.
Last year, the United States surpassed Australia to become the world's most attractive mining investment region.
Despite the addition of more than 20 countries and regions, compared to 2022, except for Queensland and the Northern Territory, all other states in Australia have shown a decline in global rankings.
Western Australia ranks fourth, second last year, and the Northern Territory eighth.
Queensland ranks 13th, South Australia ranks 19th from 9th, New South Wales ranks 30th from 23rd, Victoria ranks 48th from 47th, and Tasmania ranks 50th from 33rd.
The decline in Western Australia's ranking is mainly due to concerns about infrastructure, political stability, and land ownership disputes.
The increase in Queensland's ranking is mainly due to the popularity of policies, but inconsistent environmental regulations and regulations, as well as rising coal royalties, will become uncertain factors.
The increase in the ranking of Northern Territory is mainly due to the improvement of geological data quality and the improvement of regulations and policies.
New Zealand and Indonesia ranked 43rd and 56th respectively, while Papua New Guinea dropped from 54th to 56th.
Other top ranked provinces include Manitoba in Canada, Arizona in the United States, Newfoundland Labrador in Canada, and Ontario
