The new 10 Year Sector Competitiveness Plan to improve the growth of Australia’s mining equipment, technology and services (METS) sector was launched at the International Mining and Resources Conference (IMARC) yesterday.
The plan provides a roadmap for the sector to identify challenges and opportunities to accelerate and increase its global competitiveness.
It was the result of research by the industry-led ‘growth centre’ – METS Ignited – in consultation with industry peak bodies, federal and state governments, and the AMMA.
“The long-term view of this plan considers where the METS sector needs to be to support industry’s needs as an integral part of the mining innovation ecosystem, as well as identify key priority areas to be actioned to achieve industry-wide growth,” METS Ignited Chair, Elizabeth Lewis-Gray, said.
“It is important to strengthen collaboration, commercial opportunities and interdependent relationships within the ecosystem for both METS and miners to continue to be successful.
AMMA welcomed the plan and its potential to create significant economic and employment opportunities in Australia.
The group particularly supported five work programs the plan outlined, which included aligning the strategies of METS providers, miners, and research institutions to ensure future innovations are driven by industry need and customer demands; increasing the participation of Australian METS companies in domestic and global supply chains; developing a stronger brand identity for Australia’s METS sector; providing both physical and virtual platforms for METS companies and researchers to collaborate and tackle resource industry problems; and supporting skills and employability to ensure Australia’s technical ablities keep pace with evolving technical and industry demands.
“Australia has an opportunity to be at the fore of an increasingly important global industry that is driving technology advancements, productivity and efficiency improvements across all key resource markets,” Scott Barklamb, AMMA head of policy, said.
“Australia’s resource riches, long established and highly innovative resource industry, and world leading education and research position our country to be global leader in this exciting area.”