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PRIVATE NEW CAPITAL EXPENDITURE, Trend,
Chain volume measures, South Australia
Source: Private New Capital Expenditure and Expected Expenditure, Australia (cat. no. 5625.0)
MINERAL AND PETROLEUM EXPLORATION EXPENDITURE
Since the March quarter 2005, when continuous data on mineral exploration by mineral type in South Australia became available, South Australian expenditure (in original terms) on non-petroleum mineral exploration has increased six-fold, from $14.0m to $84.1m in the June 2007 quarter. Over the same period, Australian expenditure on non-petroleum mineral exploration has more than doubled from $225.8m to $502.5m.
The South Australian increase is reflected in both exploration of new deposits (up from $2.6m to $24.3m), and exploration of existing deposits ($11.4m to $59.7m).
The main mineral types attracting the growth in South Australian mineral exploration were base metals (increasing from $7.6m to $45.4m), copper (from $6.9m to $40.8m) and Uranium (from $2.5m to $22.4m).
Petroleum exploration expenditure data for South Australia are only available on a continuous basis from the March 2005 quarter. The June 2007 quarter expenditure on petroleum exploration in South Australia ($48.6m) was almost five times that of the March quarter 2005 ($9.8m). Nationally, expenditure on petroleum exploration increased from $269.2m in the March quarter 2005 to $732.1m in the June 2007 quarter (an almost three-fold increase). Expenditure on petroleum exploration in the June 2007 quarter was the highest recorded for both South Australia and Australia.
MINERAL AND PETROLEUM EXPLORATION EXPENDITURE,
Original, South Australia
Source: Mineral and Petroleum Exploration, Australia (cat. no. 8412.0)
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