Queensland attracts record mining exploration investment
Queensland Mining Minister Stirling Hinchliffe has announced that the state has attracted a record $1.126 billion resource exploration investment.
The latest Australian Bureau of Statistics figures show $1.126 billion was invested in mineral and petroleum exploration expenditure in Queensland during the 12 months to 30 June 2011.
The figures show that Queensland accounts for:
- 17.9 per cent of total Australian mineral and petroleum exploration expenditure.
- 61.2 per cent of total Australian onshore petroleum and gas exploration expenditure.
- 22.4 per cent of Australian mineral exploration expenditure
- 25.6 per cent of Australian ‘brownfield’ and 16.6per cent of ‘greenfield’ mineral expenditure.
Queensland’s ‘greenfield’ mineral expenditure of $172.3 million for the 12 months to 30 June 2011 represents a 70 per cent increase over the $99.2 million attracted the previous year.