8412.0 - Mineral and Petroleum Exploration, Australia, Jun 2015
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 31/08/2015
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INQUIRIES Inquiries about these and related statistics, contact the National Information and Referral Service on 1300 135 070. The ABS Privacy Policy outlines how the ABS will handle any personal information that you provide to us. SUMMARY COMMENTARY MINERAL EXPLORATION (OTHER THAN FOR PETROLEUM) TOTAL EXPENDITURE The trend estimate for total mineral exploration expenditure fell 10.9% (or -$41.2m) to $336.2m in the June quarter 2015. The largest contributor to the fall in the trend estimate this quarter was Western Australia (down 12.1% or -$26.6m). The current quarter estimate is 28.0% lower than the June quarter 2014 estimate. The seasonally adjusted estimate for mineral exploration expenditure fell 13.9% (or -$51.8m) to $322.0m in the June quarter 2015. The largest contributors to the fall this quarter were Western Australia (down 13.9% or -$30.2m) and South Australia (down 57.0% or -$14.6m). In original terms, mineral exploration expenditure rose 8.5% (or +$27.0m) to $344.0m in the June quarter 2015. Exploration on areas of new deposits rose 25.3% (or +$23.0m) and expenditure on areas of existing deposits rose 1.3% (or +$3.0m). In original terms, the largest increase by minerals sought came from expenditure on gold (up 22.7% or +$20.8m). The next largest increase came from expenditure on coal (up 15.4% or +$6.7m). METRES DRILLED The trend estimate for metres drilled fell 3.2% in the June quarter 2015. The current quarter estimate is 6.5% lower than the June quarter 2014 estimate. The seasonally adjusted estimate for metres drilled fell 4.3% in the June quarter 2015. In original terms, metres drilled rose 35.0%. Drilling in areas of new deposits rose 81.0% and drilling in areas of existing deposits rose 22.7%. PETROLEUM EXPLORATION TOTAL EXPENDITURE The trend estimate for total petroleum exploration expenditure fell 12.7% (or -$119.6m) to $821.3m in the June quarter 2015. Exploration expenditure on production leases fell 21.2% (or -$40.8m), while exploration expenditure on all other areas fell 9.2% (or -$68.8m). The seasonally adjusted estimate for total petroleum exploration expenditure fell 31.3% (or -$320.0m) to $702.8m in the June quarter 2015. Exploration expenditure on production leases fell 38.7% (or -$79.7m) and exploration expenditure on all other areas fell 29.4% (or -$240.3m). The largest contributor to the decrease in the trend estimate was Western Australia (down 11.1% or -$54.7m) and the largest contributor to the fall in the seasonally adjusted estimate was South Australia (down 52.1% or -$79.5m). ONSHORE The trend estimate for onshore petroleum exploration expenditure fell 9.0% (or -$28.5m) to $288.5m in the June quarter 2015. Expenditure on drilling fell 1.6% (or -$3.1m), while other onshore petroleum exploration expenditure fell 20.3% (or -$24.1m). The seasonally adjusted estimate for onshore petroleum exploration expenditure fell 17.9% (or -$57.1m) to $261.7m in the June quarter 2015. Expenditure on drilling fell 3.4% (or -$6.5m), and other onshore petroleum exploration fell 40.0% (or -$50.7m). OFFSHORE The trend estimate for offshore petroleum exploration expenditure fell 13.7% (or -$85.5m) to $538.1m in the June quarter 2015. Expenditure on drilling fell 19.8% (or -$93.8m), while other offshore petroleum exploration expenditure rose 5.6% (or +$8.4m). The seasonally adjusted estimate for offshore petroleum exploration expenditure fell 37.3% (or -$262.9m) to $441.1m in the June quarter 2015. Expenditure on drilling fell 41.9% (or -$217.9m), and other offshore petroleum exploration expenditure fell 24.5% (or -$45.0m). Document Selection These documents will be presented in a new window.
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