Queensland mining technology blueprint to drive innovation

THE Queensland government is seeking to harness the state’s improving coal export position to drive innovation through the supply chain and the education sector to make the sector more competitive.
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Queensland hopes to boost innovation through education.

It is hoped the investment will also open up new avenues of value-added exports for the state.   

Queensland should also be prepared to collaborate with Asian trading partners to consolidate its position in global supply chains, according to the Queensland Trade and Investment Strategy 2017-2022.

"Trade is also essential to Queensland's economic growth," the report states.

"Asia's global share of exports will almost double by 2030 to 18%.

"India is investing in new coal technologies. With limited metallurgical coal resources, India is rapidly expanding its imports.

"This demand is forecast to remain high, while at the same time India transitions to advanced technologies."

The strategy recognises that Queensland's largest export industries - which include mining and higher education and training - will continue to drive trade and job creation, and that the competitiveness of these industries will be boosted by innovative technologies and business practices.

"At the same time, the strategy strengthens collaboration between business and government to deploy innovation and create industries of the future, including mining equipment, technology and services," the report says.

Queensland has strong comparative advantages in the production of zinc, aluminium and LNG.

The state's international competitiveness in mining has resulted in considerable expertise in the mining equipment, technology and services sector directly employing more people than the mining sector itself.

The Queensland government's Resources Investment Commissioner has been tasked with helping secure partnerships to support Queensland's mining and METS industries.

This includes matching international investors with mineral deposits, mines, explorers and mining technology companies seeking capital.

"There are growing opportunities for METS suppliers in India and the Americas, including the USA, Mexico, Chile and Peru," the report states.

"In 2015, 66% of Australian METS companies were already globally active, with an additional 16% intending to begin exporting by 2017."