1345.4 - SA Stats, Nov 2007
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 27/11/2007
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PRIVATE NEW CAPITAL EXPENDITURE
Between the March 2007 and the June 2007 quarters, the South Australian chain volume (trend) estimate of private new capital expenditure increased by 0.9% to $1,248m. Expenditure on equipment, plant and machinery decreased by $11m (or 1.5%) to $740m, while expenditure on buildings and structures increased by $22m (or 4.5%) to $508m. For the same period, private new capital expenditure for Australia increased by 5.3% to $20,685, with both expenditure on buildings and structures and equipment, plant and machinery increasing (by 5.9% and 4.5% respectively).
Comparing the June 2007 quarter with the June 2006 quarter, South Australia's total private new capital expenditure increased by 8.1%. Expenditure on equipment, plant and machinery decreased by 4.9%; expenditure on buildings and structures grew by 21.8%. Nationally, total private new capital expenditure increased by 11.8% for this twelve month period; expenditure on buildings and structures increased by 15.6%, and equipment, plant and machinery increased by 8.9%.
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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