❓ Dr. Jacobs asks about positive results in the 2015 Fraser Institute survey of mining investment. The Minister responds, highlighting WA's top ranking and contrasting it with previous Labor government performance, while also criticising current Labor policies on uranium and fracking.
AnsweredQoN 99Legislative Assembly
QuestionView source ↗
MINING — INVESTMENT
99. Dr G.G. JACOBS to the Minister for
Mines and Petroleum:
Mr Speaker, before I ask my question
to the Minister for Mines and Petroleum, on behalf of the member for Vasse I would
like to welcome the leadership team from Georgiana Molloy Anglican School who
are in the Speaker's gallery celebrating their 13 years of foundation.
On behalf of the member for Southern River I also welcome the Caladenia Primary
School students and staff in the public gallery.
Can the minister please explain to
the house the recent positive results released in the 2015 Fraser Institute
survey of investment in mining?
99. Dr G.G. JACOBS to the Minister for
Mines and Petroleum:
Mr Speaker, before I ask my question
to the Minister for Mines and Petroleum, on behalf of the member for Vasse I would
like to welcome the leadership team from Georgiana Molloy Anglican School who
are in the Speaker's gallery celebrating their 13 years of foundation.
On behalf of the member for Southern River I also welcome the Caladenia Primary
School students and staff in the public gallery.
Can the minister please explain to
the house the recent positive results released in the 2015 Fraser Institute
survey of investment in mining?
AnswerView source ↗
I would be delighted to respond to
the member's question. I know he is a strong supporter of mining and
exploration in his region.
On 1 March this year it was terrific
to read the executive summary of the ''Fraser Institute Survey of Mining
Companies, 2015''. I will quote from it. It mentions the top
jurisdiction in the world and states —
The top jurisdiction in the world for
investment based on the Investment Attractiveness Index is Western Australia,
which moved up to first from fourth in 2014.
Further information includes:
Saskatchewan remained in second place, Nevada dropped to third after we
replaced it, and rounding out the top ten are Finland; Alaska; Northern
Territory, which moved up to seventh; Quebec; Utah; and South Australia.
Australia has three states in the top ten.
There are a couple of other indexes
that are worth highlighting to members. Western Australia is ranked eighth in
the policy perception index, which again is the highest ranking state. South
Australia is the next highest in Australia at twentieth. That is our equal best
rating in the policy perception index. In our geological databases rating, we
are ranked third best in the world—best among Australian states, up
from fifth in 2014. This result is a reflection of the policies that the
Liberal–National government has implemented over the last five years.
This is a really good first-class achievement by the Department of Mines and
Petroleum and also industry that has come up with ideas to generate better
policies. That obviously includes the mineral mining rehabilitation fund and
exploration incentive scheme. It does open the question though as to where we
were back in 2007–08, does it not? Would members like to know where we
were? I am happy to tell them. We were rated twenty-fifth in the policy
perception index—twenty-fifth in the world as a jurisdiction in 2007.
Several members interjected.
The
SPEAKER : Members!
Mr
W.R. MARMION : I wonder where we would be under the current policies that
the Labor Party has in train for uranium.
Mr
D.J. Kelly interjected.
The
SPEAKER : Member for Bassendean!
Mr
W.R. MARMION : I must say, I do not include the member for Victoria Park in
this comment, but the Labor policy for uranium will mean we will lose possibly
1 000 jobs and a possible billion dollars of investment in the future. Of
course, we also have its policy on hydraulic fracking. Our policy is one that
we have had an upper house committee support. We have also had the support of
the Chief Scientist of Australia and two former Labor ministers for resources.
Where would we be if it were not for the Liberal–National government in
the area of mining, a very important area for Western Australia's
economic development?
With those comments, I am happy to
table the executive summary of the ''Fraser Institute Survey of Mining
Companies, 2015'', which highlights Western Australia as being a leading
jurisdiction in the world for mining investment.
[See paper 3926.]
the member's question. I know he is a strong supporter of mining and
exploration in his region.
On 1 March this year it was terrific
to read the executive summary of the ''Fraser Institute Survey of Mining
Companies, 2015''. I will quote from it. It mentions the top
jurisdiction in the world and states —
The top jurisdiction in the world for
investment based on the Investment Attractiveness Index is Western Australia,
which moved up to first from fourth in 2014.
Further information includes:
Saskatchewan remained in second place, Nevada dropped to third after we
replaced it, and rounding out the top ten are Finland; Alaska; Northern
Territory, which moved up to seventh; Quebec; Utah; and South Australia.
Australia has three states in the top ten.
There are a couple of other indexes
that are worth highlighting to members. Western Australia is ranked eighth in
the policy perception index, which again is the highest ranking state. South
Australia is the next highest in Australia at twentieth. That is our equal best
rating in the policy perception index. In our geological databases rating, we
are ranked third best in the world—best among Australian states, up
from fifth in 2014. This result is a reflection of the policies that the
Liberal–National government has implemented over the last five years.
This is a really good first-class achievement by the Department of Mines and
Petroleum and also industry that has come up with ideas to generate better
policies. That obviously includes the mineral mining rehabilitation fund and
exploration incentive scheme. It does open the question though as to where we
were back in 2007–08, does it not? Would members like to know where we
were? I am happy to tell them. We were rated twenty-fifth in the policy
perception index—twenty-fifth in the world as a jurisdiction in 2007.
Several members interjected.
The
SPEAKER : Members!
Mr
W.R. MARMION : I wonder where we would be under the current policies that
the Labor Party has in train for uranium.
Mr
D.J. Kelly interjected.
The
SPEAKER : Member for Bassendean!
Mr
W.R. MARMION : I must say, I do not include the member for Victoria Park in
this comment, but the Labor policy for uranium will mean we will lose possibly
1 000 jobs and a possible billion dollars of investment in the future. Of
course, we also have its policy on hydraulic fracking. Our policy is one that
we have had an upper house committee support. We have also had the support of
the Chief Scientist of Australia and two former Labor ministers for resources.
Where would we be if it were not for the Liberal–National government in
the area of mining, a very important area for Western Australia's
economic development?
With those comments, I am happy to
table the executive summary of the ''Fraser Institute Survey of Mining
Companies, 2015'', which highlights Western Australia as being a leading
jurisdiction in the world for mining investment.
[See paper 3926.]
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