Mineral and Petroleum Exploration Expenditure Down Significantly- Reports ABS

  • Jun 02, 2020 AEST
  • Team Kalkine

The Australian Bureau of Statistics (or ABS) released March 2020 quarter exploration expenditure on minerals and petroleum.

  • The department anticipates that on a seasonally adjusted basis, the total mineral exploration plunged by 0.6 per cent during the quarter or by $4.3 million to stand at $712.7 million. NSW contributed the most significant tranche in the fall with a drop of 20.0 per cent in the mineral exploration for the period.
  • On a seasonally adjusted basis, the total petroleum expenditure took a hit of 22.2 per cent during the quarter to stand at $293.9 million with the largest fall of 45.5 per cent for the period noticed in Queensland.



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