8412.0 - Mineral and Petroleum Exploration, Australia, Mar 2020
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 02/06/2020
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Corona virus (COVID-19) in March quarter
The World Health Organisation (WHO) commenced daily situation reports of the coronavirus (COVID-19) outbreak on 21 January 2020 and identified it as an international health emergency on 30 January. From 1 February, the Australian Government placed travel restrictions on those travelling to Australia from mainland China. These restrictions were progressively increased until they applied to all non-residents. In March, regulations to encourage social distancing saw further impacts on the ability of businesses to trade as normal.
COVID-19 saw a minor impact on data collection activities for the March quarter 2020 reference quarter.
Suspension of trend series
The trend series attempts to measure underlying behaviour in exploration expenditure and metres drilled. In the short term, this measurement will be significantly affected by changes to regular patterns that will occur during this time. If the trend estimates in this publication were to be calculated without fully accounting for this irregular event, they would likely provide a misleading view of underlying exploration expenditure and metres drilled.
It may be some time before the underlying trend in exploration expenditure and metres drilled can be accurately estimated. The exploration expenditure and metres drilled trend series has therefore been suspended as at March quarter 2020. The trend series will be reinstated when more certainty emerges in the underlying trend.
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