Minerals and petroleum exploration rises

Monday 2 March 2015

The Australian Bureau of Statistics (ABS) today released its Mineral & Petroleum Exploration data for the December quarter, which revealed rises in both minerals and petroleum exploration expenditure.

Nationally, expenditure on minerals exploration rose by a seasonally-adjusted $6.4 million (1.5%) over the December quarter. The rise was driven by Queensland, where exploration expenditure rose by $9.1 million (10.6%):

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About the author

Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.