South Australia’s Strategic Plan is comprised of 100 targets. These targets are specific and measurable and enable us to measure our progress towards achieving the Plan’s visions and goals.
Each target is reported on through this section of the website. Data is analysed and uploaded as it becomes available.
Target:41. Minerals exploration:
Exploration expenditure in South Australia to be maintained in excess of $200 million per annum until 2015
In 2014-15, the value of minerals exploration in South Australia was $106.7 million. This is lower than the value recorded in the baseline year ($189 million). This result is lower than the target of $200 million per annum.
There are multiple factors influencing private mineral exploration expenditure in South Australia, including:
- global economic climate;
- commodity prices;
- fiscal regime; and
- supportive State Government policy and initiatives.
As there are multiple factors impacting on company investment in the exploration sector of the mining industry, it remains difficult to predict future expenditure in this sector. However, given the current fluctuating global economic climate there remains a level of uncertainty around the exploration expenditure levels anticipated in the future.
Department of State Development