Australian Bureau of Statistics
8412.0 - Mineral and Petroleum Exploration, Australia, Mar 2004
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 16/06/2004
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CHANGES TO THIS ISSUE
All states recorded slight increases this quarter except for NSW which had a small decrease. Western Australia had the largest increase of $2.7m (2.4%).
Mineral Exploration Expenditure, Original series
MINERAL EXPLORATION (OTHER THAN FOR PETROLEUM)
In original terms, total metres drilled decreased by 16.7% in the March quarter 2004 (down 0.6% in seasonally adjusted terms).
METRES DRILLED, Original series
PETROLEUM EXPLORATION EXPENDITURE
A number of petroleum exploration licences came to a close in 2003, resulting in a lower than usual March quarter. Expectations for the six months to June 2004 (as recorded in the December 2003 survey) were relatively high, suggesting the March quarter downturn may only be temporary. Expenditure on petroleum exploration for the March quarter 2004 fell by $119.3m (41.4%) to $168.8m, the lowest level since the June quarter 2000. Petroleum expenditure is now $97.7m (36.7%) lower than in the March quarter 2003. Expenditure on exploration on both production leases and all other areas fell this quarter, with production leases falling by $14.4m (40.2%), and all other areas falling by $104.9m (41.6%).
In the March quarter 2004 all states recorded decreases or had little change. Western Australia had the largest decrease, down $81.3m (43.2%), whilst Victoria and Queensland decreased by $14.5m(48.2%) and $16.8m (46.0%), respectively.
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This page last updated 20 June 2006