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Resources and Energy Major Projects report

View on aph.gov.au (opens in a new tab)
Status: Answered, finished
Asked by: Senator Susan McDonald
Committee: Economics
Portfolio: Industry, Science and Resources
Agency: Department of Industry, Science and Resources
Round: 2026-27 Budget estimates
Question No: BI-051
Asked: 11 June 2026
Answer due: 23 July 2026

Question

The Resources and Energy Major Projects report 2025 says mining exploration expenditure declined by 8% year-on-year to $5.1 billion in 2024-25. Is that correct? a. Is there a policy proposal to arrest this decline in expenditure? b. Is the department aware of the likely cause of this drop? c. Does the department expect this decline will be reversed in coming years, why or why not? Is a forecast available?

Answer

See attached response.

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