Mineral exploration rebounds, petroleum crashes

Monday 5 September 2016

The Australian Bureau of Statistics (ABS) today released its Mineral & Petroleum Exploration data for the June quarter, which bounced back after recent sharp falls.

Nationally, expenditure on minerals exploration rose by a seasonally-adjusted $3.5 million (+1%) over the June quarter (see next chart).

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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.