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Australia among world's top 10 mining places

09-28-2011 13:42 BJT

SYDNEY, Sept. 28 (Xinhua) -- Australia has jumped nearly 20 places to be among the top 10 countries with a reputation of being a good place for mining, a global survey found on Wednesday.

Australia came in seventh place, up from 26 in 2010, on the RESOURCESTOCKS magazine's 2011 World Risk Survey, showing improved appeal for companies, the publication said on Wednesday.

Finland reclaimed the top spot it last held in the 2008 survey.

Chile was ranked second, followed by Burkina Faso, Botswana and Sweden, the U.S., Australia, Brazil, Canada and Argentina.

The survey results, based on the findings of a questionnaire sent to more than 1,000 resource sector professionals, are to be published in the magazine's October edition.

Respondents were asked to rank jurisdictions according to the perceived risk in the following criteria: financial risk, sovereign risk, land access, green tape, land claims, red tape, social risk, infrastructure, civil unrest, natural disasters and labor relations.

A weighting formula was used to assign relative importance to each category.

Editor:Wang Xiaomei |Source: Xinhua

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