AUSTRALIA IS THE GLOBAL DESTINATION FOR MINERAL EXPLORATION

In the 2015 Annual Survey of Mining Companies report released by Canada’s Fraser Institute, Australia ranked number one in the world for mining investment potential – despite the global resource industry experiencing a downturn.

AUSTRALIA ON TOP

Australia’s ranking is helped by its long history of successful mineral exploration and mining projects which have traditionally attracted a large percentage of global exploration investment.

Respondents to the Fraser Institute survey, undertaken between September and November 2015, indicated that about 60 per cent of their mining investment decisions are determined by mineral potential.

PRO-ACTIVELY FACING THE CHALLENGES

CEO of the Australian Government’s geology and geography organisation, Geoscience Australia, Dr Chris Pigram, said the endorsement demonstrates Australian minerals exploration potential.

“Exploration has become more costly and technically difficult because new discoveries will inevitably be more deeply buried than the minerals that have already been found,” Dr Pigram explained.

To address the challenges of geologically complex mineral exploration, which requires specialist mining equipment, technology and a high level of geological expertise,  The Australian Government launched theUNCOVER initiative– aimed at helping mining companies untap potentially vast deposits that extend deep under a thick layer of sediment or cover.

AUSTRALIA IS THE GLOBAL DESTINATION FOR MINERAL EXPLORATION

Australia’s overall regional median Investment Attractiveness Index score presents Australia as the most attractive region in the world for investment, with consideration given to both policy and mineral potential. All Australian states and territories improved on their 2014 Investment Attractiveness Index score and rank.

According to the 2015 survey, Australia’s proven record of environmental, social, financial, legal and political stability, and its proximity to Asia’s fast-growing markets, make it a secure choice for exploration investment.

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Read the the full report 2015 Annual Survey of Mining Companies.