The Australian Petroleum Production and Exploration Association (Appea) has said that the latest data by the Australian Bureau of Statistics (ABS), into exploration expenditure, was an ‘urgent’ wake-up call for both government and the industry.
The ABS on Monday revealed that total mineral exploration expenditure in the June quarter decreased by 2%, or A$7.1-million t A$343-million, with exploration in Queensland down by 15.4%, or A$8-million.
