Companies

Apr 8, 2013

Australia: still officially the safest place for mining investment in the world

Despite the apocalyptic rhetoric from the mining industry and the opposition, Australia continues to be ranked as the world's safest place for mining investment. Bernard Keane and Glenn Dyer report.

Australia remains the world’s safest place for mining investment, an independent US analyst has declared, again undermining constant claims from the mining sector and the Coalition that the government has destroyed the industry’s competitiveness.

19 comments

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19 thoughts on “Australia: still officially the safest place for mining investment in the world

  1. Steve777

    Those with the money to invest knew that all of the talk of the coming MRRT / Carbon Price / Fair Work apocalypse was just to scare the punters into voting the way the miners and their political allies wanted. They knew all along it was all rubbish.

  2. Achmed

    Abbotts comment comparing what Aust Govt did with changing superannuation to what Cyprus did to peoples savings in the bank shows what an economic moron he really is.

  3. Scott

    Well, we were at 59/70 (still ranked 1st) in 2007. We got as high as 61/70 in 2010. But since then it has been all down hill to our current level of 56.3/70.
    We are not improving….

  4. Achmed

    but we are still the best and thats what matters – isn’t it?

    Or do we follow Abbotts others rants that Aust is a terrible country to invest in?

    People seem to forget that when Abbott makde a speech in London he stated that the Aust economy was the eny of the world. His rhetoric for domestic consumption is different because he knows he can lead so many by the nose with his one line “Labor bad – Liberal good” without any policy or economic plan to support that Liberal is better

  5. mikehilliard

    Thanks Bernard & Glenn for bringing this to our attention. The assessment is short and comprehensible so even Abbott should understand it. The list of criteria is interesting, just about everything the Coalition have been critical of Labor for mishandling. Gary Gray should table it at the first sitting.

  6. Mark Duffett

    Behre Dolbear’s rankings mostly “reflect the collective responses to our annual internal survey”. Behre Dolbear’s total professional staff complement numbers around 150.

    On the other hand, the much more widely recognised (both within the sector and more broadly) Fraser Institute mining investment destination rankings were based on 742 survey responses from mining industry participants (i.e. bosses of mining companies) in 2012-13.

    The reader may judge which ranking is most likely to accurately indicate mining investor sentiment – yet the only mention of the Fraser Institute by Crikey in the last 5 years has been to slag it off (scroll down).

    For the record, the highest-ranked Australian jurisdiction (Australian and Canadian states/territories are considered individually) in the Fraser Institute results is WA at 15th.

  7. michael in melbourne

    @ Mark Duffett. Thanks for offering the alternative view. Would you flesh it out a little? How many jurisdictions/countries does the Fraser Institute rank? What has been the performance of the Australian jurisdictions over the last few years – trending up, down, no change etc? What is the time period covered for WA result you mention?

  8. Achmed

    More investment in Africa, more foreign wokers can get a real Africa experience. Become invovled in the local culture – Meet local guerilla groups and bandits, get kidnapped, ransomed and if lucky survive the experience

  9. bushby jane

    Did anyone hear Julie Bishop speaking from China on abc radio the other day? According to her, the Chinese are very concerned about our mining and carbon taxes…Really?

  10. Honest Johnny

    Thanks for this article. For all the doubters, I remember the same announcement from Behre Dolbear last year, and it seems Australia continues to be the safest place in the world for mining investment. Why doesn’t the MSM report this? Why don’t they anylise and report that what Tony Abbott is saying is just hyberbolic crap? I just saw the latest mining industry add on tele, the one with the rugged looking truck driver complaining about the government being “greedy” and mucking it up for mining companies. Then I realised, – advertising revenue!

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