
Mining applications rise as prospecting and exploration falls
DESPITE a downturn in iron ore prices towards the end of last year, the WA Government saw a 21 per cent increase in mining applications for the December quarter. However, the WA Department of Mines and Petroleum also reported a drop in mineral prospecting and exploration applications; which, at 472, was nearly 200 less than the September quarter figure of 653. The DMP quarterly report stated this was the lowest figure the department had seen since late 2009. “This decreasing trend in mineral prospecting and exploration activity from record levels of exploration activity during the two years reflects uncertain global market conditions and the high costs of operating in WA,” the report stated. According to Mines and Petroleum minister Norman...