Abstract

Australian mineral exploration is at a 20 year low in real terms. After doubling in line with global exploration activity during the 1990s, exploration expenditure peaked in 1996/97 and then fell sharply. The current decline differs from previous downturns in exploration that have occurred as part of the economic cycle as it is accompanied by major structural changes in the industry. Forces resulting in these changes are strongly inter-related and include: • cost cutting to stay competitive in the face of low (declining) commodity prices • demand for greater return on shareholder investment • consolidation in response to globalisation • intense competition for risk capital (particularly for junior companies) from new sources • loss of confidence in exploration as an economic activity following declining rates of discovery and land access issues. These factors have changed and continue to change the face of the industry. Published in the Australasian Institute of Mining and Metallurgy Bulletin No. 1 Jan/Feb 2002, 45-52.
Google map showing geographic bounding box with values North bound -9.0 East bound 156.0 West bound 110.0 South bound -44.0
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Product Type/Sub Type

nonGeographicDataset

Constraints

Creative Commons Attribution 4.0 International Licence

IP Owner

Commonwealth of Australia (Geoscience Australia)

Author(s)

Date (publication)

2002-01-01T00:00:00

Product Type

nonGeographicDataset

Topic Category

geoscientificInformation

GA Catalogue Number

68421 Product http://www.ga.gov.au/metadata-gateway/metadata/record/68421/

Keywords

GA Publication
Journal
geochemistry
AU
Earth Sciences

Resource Language

English

Resource Character Set

utf8

Resource Security Classification

unclassified

Geographic Extent

North bound
-9.0
East bound
156.0
West bound
110.0
South bound
-44.0

Lineage

Unknown

Digital Transfer Options

onLine

Distributor

Role
distributor
Organisation Name
Commonwealth of Australia (Geoscience Australia)
City
Canberra
Administrative Area
ACT
Postal Code
2601
Country
Australia
Email Address

Source Description

Source data not available.

Metadata File Identifier

a05f7892-db67-7506-e044-00144fdd4fa6

Metadata Standard Name

ANZLIC Metadata Profile: An Australian/New Zealand Profile of AS/NZS ISO 19115:2005, Geographic information - Metadata

Metadata Standard Version

1.1

METADATA SECURITY CLASSIFICATION

unclassified

Metadata Contact

Role
pointOfContact
Organisation Name
Commonwealth of Australia (Geoscience Australia)
City
Canberra
Administrative Area
ACT
Postal Code
2601
Country
Australia
Email Address
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