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MINERAL AND PETROLEUM EXPLORATION EXPENDITURE
The value of mineral exploration expenditure in South Australia during the March quarter 2009 was $36.0m (in original terms), down 47.1% from $68.0m for the December quarter 2008. Over the same period, Australian expenditure on mineral exploration decreased by 37.8% from $648.5m in the December quarter 2008 to $403.5m in the March quarter 2009.
The main minerals sought in South Australia in the March quarter 2009 were uranium ($10.7m exploration expenditure), copper ($7.6m), and gold ($6.0m).
Expenditure on petroleum exploration in South Australia in the March quarter 2009 was $17.9m, down 19.6% from the December quarter 2008. Nationally, expenditure on petroleum exploration decreased 1.5% from $1,013.4m in the December quarter 2008 to $998.6m in the March quarter 2009.
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