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MINERAL AND PETROLEUM EXPLORATION EXPENDITURE
The value of South Australian mineral exploration expenditure (in original terms) was $47.4m in the September quarter 2010; a decrease of 1.4% over the previous quarter and 50.2% below the peak recorded in the June quarter 2008 ($95.2m). Australian expenditure on mineral exploration was $669.4m in the September quarter 2010; an increase of 5.1% from the June quarter 2010 estimate ($637.1m).
Exploration expenditure on Copper ($18.6m) and Uranium ($13.4m) accounted for more than two thirds (67.5%) of all South Australian mineral exploration expenditure in the September quarter 2010. A further $7.0m was spent on exploration for Iron ore.
Data relating to expenditure on petroleum exploration in South Australia (and Victoria) was not available for publication in the June or September quarter 2010, but it has been included in the national total. Nationally, expenditure on petroleum exploration decreased by 15.5% from $1,005.9m to $850.4m between the June and September quarters 2010.
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