Australia has fallen in the global mining rankings, as the latest Fraser Institute annual mining survey shows the nation’s decreasing resources attractiveness.
Last year Australia ranked highly in the global survey rankings, which examines the attractiveness and potential of 122 mining regions around the world, growing from only 112 last year.
Western Australia took out the top position in many of the different categories, with South Australia, the Northern Territory and Tasmania also putting in strong showings.
Victoria and New South Wales were ranked the lowest out of Australian regions.
However in the latest survey Australia generally fared poorly year on year, with the mining downturn affecting perception of the states and territories globally.
Western Australia was displaced from the top position by Finland, and dropped to fifth overall, behind Albert in Canada, Sweden, and Wyoming in the US.
Australia as a whole also recorded the first declined in its Policy Perception Index score for the first time in five years.
Only South Australia and Tasmania saw improvements in their investment attractiveness scores amongst the states, and those improvements were only minimal, as they moved from 20th to 19th for South Australia, and although Tasmania fell in overall rankings from 36th to 39th it still had a favourable perception.
South Australia also scored extremely well in terms of its geological database, coming second globally behind Finland, and well ahead of Western Australia which came fifth.
Queensland fell slightly from 21st to 27th, and was ranked as the worst state when it came to labour disputes and work disruptions.
New South Wales ranked behind New Zealand, and at the same level as Fiji, after falling dramatically from 39th to 51 out 122.
NSW also ranked the lowest out of Australian regions for political stability, only slightly ahead of Poland and Serbia.
However it, along with Queensland, were voted as the best in terms of availability of labour skills, ranking second and third respectively, well ahead of Western Australia which sat at 18th.
The Northern Territory, which was the darling of last year’s Fraser Survey, and Victoria, both deteriorated by more than five points, with Victoria ranked only slightly ahead of Papua New Guinea, coming in at 31st and 66th respectively.
In regards to infrastructure the Northern Territory also ranked the same as Ghana, and behind Namibia.
No Australian region ranked within the top 30 for their taxation regimes, with Tasmania and South Australia viewed as the top states in the regard, and Queensland as the worst, sitting behind Guyana and only slightly ahead of Bulgaria.