Subscribe to RSS feedAustralia spending less on mineral, petroleum exploration
Mineral and petroleum exploration expenditure fell significantly in the first quarter with large declines in Western Australia and South Australia, the latest Australian Bureau of Statistics (ABS) figures showed.
Excluding petroleum, the seasonally-adjusted estimate of mineral exploration expenditure fell from $604.2m in the December quarter to $495.9m in the three months ended March 2009 with WA posting the biggest decline of $63.4m, ABS said.
South Australia recorded the second biggest...
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