The Australian mining technology sector could be the saviour of global miners struggling in a depressed marketplace, an industry expert has said.
“The global resources sector has been hammered,” the Australian mining equipment and services export association’s chairman Alan Broome said.
According to Broome, productivity improvements, keeping costs at a minimum, safety and automation will be the way to maintain momentum for the mining industry globally.
“Australia is recognised as a global centre for mining technology, with innovations ranging from exploration technologies like airborne surveys and gravity gradeometry to software systems and very specialized equipment to improve productivity and safety, right through to shipping the ore,” he said.
“At the moment it brings about $3.6 billion worth of revenue to Australia per annum.
“We’re working on growing that to $6 billion around 2010-2011. We believe that by 2030 we’ll be looking at in excess of $20 billion of exports provided that the global mining industry maintains its focus on the lowest cost of production and getting that product to the market, and assuming the market stands up.”
Broome said in light of the current financial crisis mining conferences and exhibitions will become more important than ever.
“The biennial Austmine conference, held in Adelaide from 30 to 31 March 2009, has never been more relevant,” Broome said.
“If we can get the global mining industry to understand how Australian technology can help deliver into the global marketplace and improve things like keeping production costs at a minimum, and make sure they can maintain the momentum in a difficult market circumstance we will have succeeded and Australia will benefit.”