Exploration falls 13 p.c.
(A’.Z. Press Assn—Copyright) SYDNEY. Mineral exploration in Australia has dropped — in real terms — by 13 per cent, the Australian Mining Industry Council says.
Expenditure on exploration in 1972-73 was $99.7m in 1973-74 it was slol.om and so far in 1974-75 it is $ 102.0 m.
After allowing for inflation, and based on 196869 prices, expenditure for those three years dropped from $81.4m to $73.1m, and $63.4m this year. The peak for recent years was in 1970-71 when $161.1m was spent in actual terms, representing $149.0m in adjusted terms.
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Press, Volume CXV, Issue 33814, 10 April 1975, Page 10
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91Exploration falls 13 p.c. Press, Volume CXV, Issue 33814, 10 April 1975, Page 10
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