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MINERAL AND PETROLEUM EXPLORATION EXPENDITURE
The value of mineral exploration expenditure in South Australia during the September quarter 2008 was $75.0m (in original terms), down 21.2% from $95.2m for the June quarter 2008. Over the same period, Australian expenditure on mineral exploration decreased by 5.5% from $728.1m in the June quarter 2008 to $687.7m in the September quarter 2008.
The main minerals sought in South Australia in the September quarter 2008 were copper ($28.5m exploration expenditure), uranium ($22.4m), and gold ($13.6m).
Expenditure on petroleum exploration in South Australia in the September quarter 2008 was $37.9m, down 3.5% from the June quarter 2008. Nationally, expenditure on petroleum exploration decreased 8.9% from $857.2m in the June quarter 2008 to $781.3m in the September quarter 2008.
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