SA Mines and Energy Journal : June-July 2010
33 JUNE/JULY 2010 SA MINES & ENERGY JOURNAL FEATURE ASX: LML • LMLO Contact: John Parker, Managing Director 28 Greenhill Road, Wayville, South Australia 5034 GAWLER CRATON South Australia In the right place, at the right time • Gum Flat Iron Ore • Eurilla Uranium, Iron Ore • Cockabidnie Nickel Cobalt • Bungalow and White Flat Vanadium firstname.lastname@example.org www.lincolnminerals.com.au Telephone +61 8 8274 0243 • Fax +61 8 8274 0242 working for your investment ABN 50 050 117 023 Sparke Helmore The first choice in mining & resources law Industry specialists in: adelaide | brisbane | canberra | melbourne | newcastle | perth | sydney | upper hunter Over 100 years experience servicing the resources and energy sector - yet another good reason to choose Sparke Helmore Lawyers » Safety and workplace relations » Mining including planning approvals » Environmental, Planning and Water law » Commercial law and contracting » Mergers, acquisitions and divestments » Insurance and compensation South Australia has again been voted by mining executives as among the top 10 places on the planet to mine in the Fraser Institute annual survey. The survey covers more than 72 jurisdictions around the world. Our State came in at number 10 spot in the institute's Policy Potential Index, which measures overall policy attractiveness. The previous year SA ranked 16 out of 71 jurisdictions and 15 of 68 entrants in 2007/08. In 2009-10, the survey was sent to about 3000 exploration, development and other mining- related companies around the world. The top spot in the latest survey was awarded to Quebec. Chile and Finland were also ranked in the top 10 spots in the world to mine while South Australia is the highest-ranked Australian jurisdiction. The bottom scores belong to the Democratic Republic of Congo, Zimbabwe, the Philippines, Ecuador and Venezuela. Our state scored most highly in the survey's Geological Database category, coming second only to Sweden. SA also ranked within the top 10 in the following categories: Policy Potential Index; Uncertainty Concerning the Administration, Interpretation, and Enforcement of Existing Regulations; Political Stability and Composite Policy and Mineral Potential. Its worst score was in the Uncertainty Concerning Native/Aboriginal Land Claims, where it was ranked in 59th position. The State came it at number 17 in the Taxation Regime category however, this is expected to change in the wake of the recent Federal Government's release of Henry Tax Review, and the proposal to introduce a 40 per cent cut of mining "super" profits. Survey results can be downloaded at: http:// www.fraserinstitute.org/ researchandpublications/ publications/6534.aspx SA a great place to mine The Fraser Institute has published its latest report showing this state continues to be an attractive place to mine. The Fraser Institute The annual survey, started in 1997, is produced by the Fraser Institute's Global Centre from Mining Studies, and helps identify countries, states and provinces with predictable and transparent mining policies and taxation structures to create the lowest barriers to investment in the mining sector. The Fraser Institute is a non-profit public-policy think-tank and operates as a registered charity. It accepts no government funding and protects its independence by declining contract research and through a vigorous anonymous peer review process. By acting as an independent, third party voice, the new centre provides a valuable public service, especially for those in poor nations who benefit from mining.