1345.4 - SA Stats, Aug 2007  
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 28/08/2007   
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Image: Investment INVESTMENT

PRIVATE NEW CAPITAL EXPENDITURE

Between the September 2006 and the December 2006 quarters, the South Australian chain volume (trend) estimate of private new capital expenditure increased by 1.1% to $1,171m. Expenditure on equipment, plant and machinery decreased by 1% to $751m, while expenditure on buildings and structures increased by 7.0% to $430m. For the same period, private new capital expenditure for Australia decreased by 0.3% to $18,166m.

Comparing the December 2006 quarter with the December 2005 quarter, South Australia's total private new capital expenditure increased by 2.8%. Expenditure on equipment, plant and machinery fell by 8.0%; expenditure on buildings and structures grew by 33.5%. Nationally, total private new capital expenditure increased by 1.8% for this twelve month period.

PRIVATE NEW CAPITAL EXPENDITURE, Trend,
Chain volume measures, South Australia
Graph: 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 more than quadrupled, from $14.0m to $66.5m in the March 2007 quarter. Over the same period, Australian expenditure on non-petroleum mineral exploration increased by about 64% from $225.8m to $369.3m
.
The South Australian increase is reflected in both exploration of new deposits (up from $2.6m to $15.2m), and exploration of existing deposits ($11.4m to $51.3m).

The main mineral types attracting the growth in South Australian mineral exploration were base metals (increasing from $7.6m to $37.8m), copper (from $6.9m to $27.3m) and Uranium (from $2.5m to $12.2m).

Petroleum exploration expenditure data for South Australia were only available on a continuous basis from the March 2005 quarter. The March 2007 quarter South Australian expenditure on petroleum exploration in South Australia ($28.1m) was almost treble that of the March quarter 2005 ($9.8m). Nationally, expenditure on petroleum exploration increased from $269.2m in the March quarter 2005 to $460.3m in the March 2007 quarter (a 71.0% increase). Expenditure on petroleum exploration showed a peak in the December 2006 quarter for both South Australia ($43.4m) and Australia ($544.5m).

MINERAL AND PETROLEUM EXPLORATION EXPENDITURE,
Original, South Australia
Graph: Mineral and Petroleum Exploration Expenditure, Original, South Australia
Source: Mineral and Petroleum Exploration, Australia (cat. no. 8412.0)