MINERAL AND PETROLEUM EXPLORATION
- In seasonally adjusted terms, total expenditure on minerals exploration fell by 3.6% in the June quarter 2009, following a much larger decrease (18%) in the previous quarter.
- This was the fourth consecutive quarterly decrease, making exploration expenditure 28% lower than in the same quarter of the previous year, and the lowest figure ($267 million) since June 2007.
- In original terms, expenditure on iron ore exploration rose by 35%, to almost $135 million, in the June quarter 2009.This equates to almost half of the total minerals exploration expenditure in Western Australia.
- Expenditure on gold exploration was $62.5 million, up by 10% from the previous quarter.
- Total expenditure on petroleum exploration was $817 million, in original terms, in the June quarter 2009. This was 3.5% higher than for the previous quarter and 32.5% higher than for the June quarter 2008.
1 Mineral and petroleum exploration expenditure(a), by selected mineral: original
|(a) Includes expenditure on Western Australia leases in the Zone of Cooperation Area B. From July 2000 value data do not contain Wholesale Sales Tax. |
|(b) Includes minerals not listed in the table. |
|Source: Mineral and Petroleum Exploration, Australia, cat. no. 8412.0. |
To view Excel spreadsheet: Mineral and Petroleum Expenditure