Key findings in the report include:
- The March quarter is relatively quieter for mineral and petroleum exploration owing to seasonal factors amongst others and as a result, recorded a 23 per cent drop from the previous quarter to $A883 million;
- Total market capitalisation of WA resource companies at end May 2012 was $A92.8 billion, a decrease of 21 per cent from end of February 2012 reflecting renewed market concern about the Greek debt crisis and possible China slowdown; and,
- Australia’s terms of trade continued to decline, falling 4.3 per cent partially caused by a weakening in the price of exports due to slowing demand.
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