Goal

Thriving and innovative industries driven by a high level of business confidence

Indicator - 10.8.3.

Mineral exploration expenditure

Measure of Progress - 10.8.3.1.

Mineral exploration expenditure

View detailed Progress report on this Measure

Baseline Measurement

During the 12 months ending on 30th June 2002, $4.0 million was spent in Tasmania exploring for minerals. The was 0.62% of the Australia-wide mineral exploration expenditure.

Where does this information come from?

ABS Cat. 8412.0

Why do we use this Measure?

We should attract capital investment and value-adding to increase the value of these natural resources

Explanation of measure

The measure is expenditure on mineral exploration in Tasmania over a twelve month period ending on 30th June. Two measures are presented: total expenditure on exploration in Tasmania; and total expenditure in Tasmania expressed as a proportion of the total expenditure on exploration Australia-wide. Expenditure on petroleum exploration is not included.

Tasmania Together Targets

Year	Target
2005	-
2010	1% of Australian expenditure
2015	1.2% of Australian expenditure
2020	1.3% of Australian expenditure