Original article by Tess Ingram
The Australian Financial Review – Page: 13 : 8-Dec-14

MinEx Consulting MD Richard Schodde expects Australian resources group to continue reducing their expenditure on exploration programs in the near-term. Australian Bureau of Statistics data shows that mining companies spent just $A439.8m on exploration in the September 2014 quarter, compared with more than $A1bn in March 2012. Schodde notes that the decline in exploration will adversely affect government revenue

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