1345.4 - SA Stats, May 2008
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 27/05/2008
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PRIVATE NEW CAPITAL EXPENDITURE
Between the September 2007 and the December 2007 quarters, the South Australian chain volume (trend) estimate of private new capital expenditure decreased by 2.5% to $1,178m. Expenditure on Equipment, plant and machinery decreased by $35m (or 5.3%) to $620m, while expenditure on Buildings and structures increased by $5m (or 0.9%) to $558m. For the same period, private new capital expenditure for Australia increased by 0.3% to $20,453m. Expenditure on Buildings and structures decreased 1.2%, while Equipment, plant and machinery expenditure increased 1.3% over this period.
Comparing the December 2007 quarter with the December 2006 quarter, South Australia's total private new capital expenditure decreased by 0.5%. Expenditure on Equipment, plant and machinery decreased by 15.3% while expenditure on Buildings and structures increased by 23.7% over this period.
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
The value in original terms of mineral exploration expenditure in South Australia in the December 2007 quarter was $93.5m, up 7.2% from the September 2007 quarter. From December 2006 to December 2007, the value of mineral exploration expenditure in South Australia increased 58.2% from $59.1m to $93.5m. Over the same period, Australian expenditure on mineral exploration increased 39.6% from $448.2m in December 2006 to $625.9m in December 2007.
Of the $93.5m mineral exploration expenditure in South Australia in the December 2007 quarter, $37.3m was for uranium exploration, $25.5m for copper and $16.4m was for gold.
The December 2007 quarter expenditure on petroleum exploration in South Australia ($72.5m) was 67.1% higher than in December 2006 quarter ($43.4m). Nationally, expenditure on petroleum exploration increased from $544.5m in the December 2006 quarter to $770.0m in the December 2007 quarter (an increase of 41.4%). In the December 2007 quarter, 66.6% of all petroleum exploration expenditure in Australia was in Western Australia.
MINERAL AND PETROLEUM EXPLORATION EXPENDITURE,
Original, South Australia
Source: Mineral and Petroleum Exploration, Australia (cat. no. 8412.0)
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