27 Mar 2012

POLITICS OF AUSTRALIA DO NOT DETER INVESTMENT...WORLD'S BEST MINING INVESTMENT AREA(Despite mining tax)

Australian mines top the global investment list

Updated March 27, 2012 12:10:39
Workers at a mining site with a truck and excavator at an unidentified location in central-west Qld.PHOTO: The survey considers how political policies and business conditions promote investment growth.
Australian mines continue to rank as the world's top investments in terms of political risk, despite the looming introduction of the mining tax.
In its annual political risk assessment of the mining industry, global resources consulting firm Behre Dolbear placed Australia at the top of its 25-nation ranking, ahead of Canada, the US and Brazil.
Behre Dolbear chief executive Karr McCurdy says Australia has topped the list for several years.
Any investor concerns about the mining tax are mitigated by the quality of Australia's resources and the ease and transparency of approvals, Mr McCurdy says.
"There's no place better than Australia to put your investment dollars at work with respect to mining".
And while Australia has led the way with the passage of the mining tax, Mr McCurdy says many other countries are considering similar taxes.

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