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MINERAL AND PETROLEUM EXPLORATION EXPENDITURE
The value of mineral exploration expenditure in South Australia during the June quarter 2008 was $95.2m (in original terms), up 19.9% from $79.3m for the March quarter 2008. Over the same period, Australian expenditure on mineral exploration increased 33.8% from $544.0m in the March quarter 2008 to $728.1m in the June quarter 2008.
The main minerals sought in South Australia in the June quarter 2008 were copper ($38.4m exploration expenditure), uranium ($27.1m), and gold ($11.6m).
Expenditure on petroleum exploration in South Australia in the June quarter 2008 was $39.3m, up 23.7% from the March quarter 2008. Nationally, expenditure on petroleum exploration increased 20.8% from $709.4m in the March quarter 2008 to $857.2m in the June quarter 2008.
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