Australia keeps funding mineral hunt
Monday, 17 March 2008
Geoscience Australia
mineral_spending
The division of mineral exploration
expenditure in Australia.

Australian mineral exploration expenditure reached a record $1714.6 million in 2006-2007 according to the recently released Australian Exploration Review. Expanding 38 per cent from the previous year, the Review shows an increase in spending across all States and the Northern Territory.
 
Produced annually since 2001, the Review examines levels and trends in exploration in a national and global context, and highlights government programs designed to help reduce the inherent risk in exploration.

The 2007 edition features the first major surveys conducted under Geoscience Australia's $59 million five-year program to stimulate discovery of hydrocarbon and energy minerals in onshore Australia.

View the full report here.


Editor's Note: Original news release can be found here.
 
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