8412.0 - Mineral and Petroleum Exploration, Australia, Dec 2013
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 03/03/2014
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CHANGES TO THIS ISSUE There are no changes to this issue. INQUIRIES For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070 or Tony Mitchell on Sydney (02) 9268 4044. SUMMARY COMMENTARY MINERAL EXPLORATION (OTHER THAN FOR PETROLEUM) TOTAL EXPENDITURE The trend estimate for total mineral exploration expenditure fell 9.8% (or -$58.0m) to $536.3m in the December quarter 2013. The largest contributor to the fall in the trend estimate this quarter was Western Australia (down 12.0% or -$42.7m). The current quarter estimate is 33.7% lower than the December quarter 2012 estimate. The seasonally adjusted estimate for mineral exploration expenditure fell 12.5% (or -$75.8m) to $533.0m in the December quarter 2013. The largest contributor to the fall this quarter was Western Australia (down 19.3% or -$73.4m). In original terms, mineral exploration expenditure fell 14.3% (or -$91.0m) to $547.4m in the December quarter 2013. Exploration on areas of new deposits fell 27.5% (or -$66.5m) and expenditure on areas of existing deposits fell 6.2% (or -$24.5m). In original terms, the largest fall by minerals sought came from expenditure on iron ore exploration (down 17.1% or -$38.0m). The next largest fall came from expenditure on nickel exploration (down 49.2% or -$18.6m). METRES DRILLED The trend estimate for metres drilled fell 2.7% in the December quarter 2013. The current quarter estimate is 22.6% lower than the December quarter 2012 estimate. The seasonally adjusted estimate for metres drilled rose 2.7% in the December quarter 2013. In original terms, metres drilled fell 4.4%. Drilling in areas of new deposits fell 33.2% and drilling in areas of existing deposits rose 9.1%. PETROLEUM EXPLORATION TOTAL EXPENDITURE The trend estimate for total petroleum exploration expenditure fell 3.1% (or -$33.4m) to $1052.0m in the December quarter 2013. Exploration expenditure on production leases rose 2.2% (or $7.3m), while exploration expenditure on all other areas fell 4.6% (or -$34.6m). The seasonally adjusted estimate for total petroleum exploration expenditure fell 10.0% (or -$112.3m) to $1014.2m in the December quarter 2013. Exploration expenditure on production leases rose 9.2% (or $28.2m) and exploration expenditure on all other areas fell 17.2% (or -$140.5m). The largest contributor to the fall in the trend estimate was Western Australia (down 6.4% or -$46.5m) and the largest contributor to the fall in the seasonally adjusted estimate was Western Australia (down 17.6% or -$135.3m). ONSHORE The trend estimate for onshore petroleum exploration expenditure fell 16.5% (or -$54.8m) to $277.1m in the December quarter 2013. Expenditure on drilling fell 12.8% (or -$24.0m), while other onshore petroleum exploration expenditure fell 1.2% (or -$1.3m). The seasonally adjusted estimate for onshore petroleum exploration expenditure fell 9.3% (or -$27.1m) to $265.2m in the December quarter 2013. Expenditure on drilling fell 12.9% (or -$24.0m), while other onshore petroleum exploration fell 2.8% (or -$3.0m). OFFSHORE The trend estimate for offshore petroleum exploration expenditure fell 0.9% (or -$7.2m) to $785.8m in the December quarter 2013. Expenditure on drilling rose 0.2% (or $1.4m), while other offshore petroleum exploration expenditure fell 5.9% (or -$8.6m). The seasonally adjusted estimate for offshore petroleum exploration expenditure fell 10.2% (or -$85.1m) to $749.1m in the December quarter 2013. Expenditure on drilling fell 13.5% (or -$94.2m), while other offshore petroleum exploration expenditure rose 6.7% (or $9.0m). Document Selection These documents will be presented in a new window.
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