Australian Bureau of Statistics
1301.0 - Year Book Australia, 2003
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 24/01/2003
|Page tools: Print Page RSS Search this Product|
Exploration involves the search for new ore occurrences or undiscovered oil or gas, and/or appraisal intended to delineate or greatly extend the limits of known deposits of minerals or oil or gas reservoirs by geological, geophysical, geochemical, drilling or other methods. This includes construction of shafts and adits primarily for exploration purposes, but excludes activity of a developmental or production nature.
Most of the expenditure between 1996-97 and 2000-01 is related to the exploration for gold, as shown in table 18.4. In this period, gold exploration expenditure accounted for 54-63% of total mineral exploration expenditure. Its decline from $728m to $370m (down 49%) was the main contributing factor for the fall in mineral exploration expenditure. Expenditure in exploring other minerals except for mineral sands also fell.
Petroleum exploration expenditure
Total private petroleum exploration expenditure was $1,044m in 2000-01 (table 18.5), 22% higher than in 1996-97 and 44% higher than 1999-2000. This was mainly due to an increase of 44% in offshore exploration expenditure. In comparison, onshore exploration expenditure fell each year, and by 2000-01 it was 30% ($75m) lower than in 1996-97. As a result, the percentage contribution of offshore exploration expenditure to total expenditure increased from 70% in 1996-97 to 83% in 2000-01.
This page last updated 23 January 2006
Unless otherwise noted, content on this website is licensed under a Creative Commons Attribution 2.5 Australia Licence together with any terms, conditions and exclusions as set out in the website Copyright notice. For permission to do anything beyond the scope of this licence and copyright terms contact us.