METS Ignited drive national growth
2 June 2016
The mining equipment, technology and services (METS) industry is forecast to be the catalyst for the next growth phase in the mining industry and was a key recommendation out of the Brisbane 2022 New World City Action Plan.
Brisbane is the proud location of Australia's METS growth centre, METS Ignited, based at Queensland University of Technology.
METS Ignited is optimistic about the industry's willingness to look at ways to collaborate and improve competitiveness to strengthen Australia's position as a global mining innovation hub, if the past six weeks of intensive industry engagement with the mining ecosystem is anything to go by.
METS Ignited Chair Elizabeth Lewis-Gray said that our national engagement program is key to the development of our sector competitiveness plan for the METS sector.
"With our partners, Austmine and CSIRO, we have held seven interactive workshops in Perth, Brisbane, Melbourne, Adelaide, Sydney and Newcastle with over 250 people from the sector, and have also held more than 40 one-on-one interviews with mining and METS companies throughout Australia," said Ms Lewis-Gray.
"Prior to the engagement process, we commissioned a key piece of work with mining sector strategy experts VCI Consultants to identify the key drivers impacting on the industry into the future.
"These key drivers provide both opportunity and risks for Australian METS companies and the sector needs to be prepared, coordinated and well-skilled to improve its competitive advantage globally during a time of change."
The key industry drivers tested by the consultations include:
- Global trends such as the rise of China and India
- Digitisation including sensors, automation and robotics
- Rising social licence to operate expectations of the community
- Vertical integration of supply chains and new business models; and
- Data and data analytics.
Ms Lewis-Gray said developing ways to assist METS companies and miners to work together more collaboratively towards common goals will result in a step-change in the adoption of innovation.
"Technology will become an even more important asset going forward. It will impact on all activities in the mining value chain. Miners increased appetite for digitisation, automation and robotics to improve productivity and automate mine operations will increase demand for quality data and data analytics. Australia is well positioned with the mining industry knowledge and the capacity to interpret data to provide meaningful knowledge," she said.
Invest Brisbane expresses its gratitude to Elizabeth Lewis-Gray and the dedicated team at METS Ignited for their ongoing support and engagement of the METS sector and we look forward to working with them and all levels of government to support this important industry to our economy.