Austmine and the CRC for the Optimisation of Resource Extraction (CRC ORE) have signed a Memorandum of Understanding (MOU) to deliver “the next wave of innovation in mining”.
Austmine is the peak industry body in Australia for the mining equipment, technology and services (METS) sector.
CRC ORE began operations in July 2010 under the Federal Government Cooperative Research Centre (CRC) program. It is based at The University of Queensland’s Sustainable Minerals Institute as the first large scale research initiative to bring together ore body knowledge, mass mining, blasting engineering, mineral processing, spatial modelling and resource economics.
The new partnership is set to provide a framework for collaboration between the mining industry, research institutions and the METS sector.
“Austmine promotes the Australian METS sector globally and encourages the advancement of innovation and technology in mining. This partnership will create opportunities for the Australian METS sector to collaborate with large end-users and globally renowned researchers. Many of our companies are small and medium enterprises which would not otherwise have the capacity to be involved in research and innovation at this scale,” said Chair of Austmine Elizabeth Lewis-Gray.
“The establishment of a mining innovation exchange will ensure Austmine members have access to regularly updated information on the latest technologies under development and the opportunity to commercialise research outcomes. This will support long-term growth in our technology and service export markets”.
CRC ORE Chair Jonathan Loraine stated that “the next wave of significant productivity improvements will require a whole-of-business system approach”.
According to the news release by Austmine, CRC ORE will develop an advanced manufacturing approach for mining; targeting operational inefficiencies, reducing energy use, and enabling economic recovery of lower-grade ore deposits.
“The approach will generate the business case required to activate numerous latent technologies by defining value in the context of system-wide manufacturing principles. This will stimulate creation and expansion of global markets for METS companies that support the mining sector by delivering productivity improvements made possible through innovation,” it says in the news release.