4.3 Fraser Institute’s Annual Survey of Mining Companies 2024
On 22 July 2025, the Fraser Institute released its Annual Survey of Mining Companies 2024. This survey evaluates global jurisdictions through an Investment Attractiveness Index, determined by policy factors and mineral resource perception. This year’s survey received 350 responses, a notable increase from the 293 responses received for the 2023 survey. The Fraser Institute conducted the survey between August 2024 and December 2024, approximately six months prior to the QEC sentiment survey. This year no Australian jurisdiction appears in the top 10 on the survey’s Investment Attractiveness Index. All the Australian jurisdictions decreased their Investment Attractiveness and Policy Perception Index scores compared with 2023. Queensland ranked 39th out of 82 jurisdictions globally for investment attractiveness marking a severe decline from its 13th place ranking in 2023. This result places Queensland fourth among Australian jurisdictions, behind Western Australia (17th), South Australia (35th), and Northern Territory (38th). Our Oceania neighbour in New Zealand has experienced the opposite trend and climbed from 43rd jurisdiction to 12th, marking the first time they have outperformed any state in Australia for investment attraction.
This improvement is likely attributed to recent government initiatives that have expedited permitting processes and reduced regulatory barriers which highlights New Zealand’s pro-business reforms in the mining sector. The Investment Attractiveness Index is calculated based on two primary components: the Policy Perception Index (PPI) and the Best Practices Mineral Potential Index. The PPI accounts for 40% of the overall score and evaluates the policy attractiveness of the surveyed jurisdictions based on responses related to government policies impacting investment decisions. After an improved result last year, this year Queensland’s PPI score declined to reach its lowest level in the last 8 years: 79.3 to 62.9, resulting in a drop from 23rd to 37th out of 82 jurisdictions. According to the Fraser Institute, “respondents expressed increased concerns over uncertainty concerning disputed land claims (+29 points), uncertainty concerning the administration, interpretation and enforcement of existing regulations (+25 points), and regulatory duplication and inconsistencies (+22 points)”. Queensland ranks fourth among Australian jurisdictions on policy, trailing Western Australia (18th), South Australia (30th), and Northern Territory (35th).
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