Queensland close second to WA

SPENDING on minerals exploration in Queensland rose 13.4%, or $31.7 million, in the March quarter, figures from the Australian Bureau of Statistics revealed on Wednesday.

The quarterly update on the state by state exploration spend on minerals reinforced Queensland's place as a close second to mining powerhouse Western Australia.

The total mineral exploration spend rose 7.1% to $1057 million in the March quarter, up 35.1% than the March quarter 2011 estimate.

But in original terms, the minerals exploration spend fell 15.1% in the March quarter to $876.1 million.

This was primarily driven by a 22.4% fall in Queensland, on the back of an 18.5% fall in real exploration for coal reserves nationally.


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