8415.0 - Mining Operations, Australia, 2005-06  
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 18/10/2007   
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Contents >> Financial operations >> Capital expenditure

CAPITAL EXPENDITURE

Net capital expenditure by the mining industry in 2005-06 was $20.9b, which was 45% ($6.5b) higher than the previous year. The largest absolute increase (of $2.6b, or 89%) occurred in Coal mining, followed by Oil and gas extraction (up $1.8b, or 37%) and Iron ore mining (up $1.2b, or 69%). All mining industries shown increased their capital expenditure, apart from Gold ore mining (where it was reduced by 36%, or $675m) and Other mining (down 4%, or $16m).   


Outlays on all categories of assets increased, as did disposals of assets (by 26%).



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