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PRIVATE NEW CAPITAL EXPENDITURE, Trend,
Chain volume measures, South Australia
Source: Private New Capital Expenditure and Expected Expenditure, Australia (cat. no. 5625.0)
MINERAL AND PETROLEUM EXPLORATION EXPENDITURE
Since the March quarter 2005, when continuous data on mineral exploration by mineral type in South Australia became available, South Australian expenditure (in original terms) on non-petroleum mineral exploration more than quadrupled, from $14.0m to $66.5m in the March 2007 quarter. Over the same period, Australian expenditure on non-petroleum mineral exploration increased by about 64% from $225.8m to $369.3m
The South Australian increase is reflected in both exploration of new deposits (up from $2.6m to $15.2m), and exploration of existing deposits ($11.4m to $51.3m).
The main mineral types attracting the growth in South Australian mineral exploration were base metals (increasing from $7.6m to $37.8m), copper (from $6.9m to $27.3m) and Uranium (from $2.5m to $12.2m).
Petroleum exploration expenditure data for South Australia were only available on a continuous basis from the March 2005 quarter. The March 2007 quarter South Australian expenditure on petroleum exploration in South Australia ($28.1m) was almost treble that of the March quarter 2005 ($9.8m). Nationally, expenditure on petroleum exploration increased from $269.2m in the March quarter 2005 to $460.3m in the March 2007 quarter (a 71.0% increase). Expenditure on petroleum exploration showed a peak in the December 2006 quarter for both South Australia ($43.4m) and Australia ($544.5m).
MINERAL AND PETROLEUM EXPLORATION EXPENDITURE,
Original, South Australia
Source: Mineral and Petroleum Exploration, Australia (cat. no. 8412.0)
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