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MINERAL AND PETROLEUM EXPLORATION EXPENDITURE
The value of mineral exploration expenditure in South Australia in the March quarter 2008 was $79.3m (in original terms), down 15.2% from the December quarter 2007. Over the same period, Australian expenditure on mineral exploration decreased 13.1% from $625.9m in the December quarter 2007 to $544.0m in March quarter 2008.
The main minerals sought in South Australia in the March quarter 2008 were uranium ($26.2m exploration expenditure), copper ($18.6m) and gold ($15.9m).
Expenditure on petroleum exploration in South Australia in the March quarter 2008 was $31.8m, down 56.1% from the December quarter 2007. Nationally, expenditure on petroleum exploration decreased 7.9% from $770.0m in the December quarter 2007 to $709.4m in the March quarter 2008.
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