Commenting today on the release of the latest Fraser Institute rankings of global mining provinces, QRC chief executive Michael Roche said Queensland now ranked behind South Australia, the Northern Territory, Western Australia and New South Wales as a desirable Australian jurisdiction for mining investment.
“In the midst of a state election campaign, the major parties have had nothing to say about their plans to boost Queensland’s resource sector standing,” he said.
The Fraser Institute’s annual global survey of exploration companies analyses the relative importance of geology versus policy. It asked the question: “Is it easier to explore in provinces with good policy than to fight to change policy in highly prospective jurisdictions?”
While the state’s mineral prospectivity was ranked ninth out of 71 jurisdictions, it came in at twenty-fifth on the global index.
“If our policies were seen as matching the quality of our geology, Queensland would be a global top-10 destination for exploration investment,” Roche said.
He said the Fraser Institute findings demanded an immediate response from the major parties contesting the Queensland election.