18 March 2016
Five key areas of strategic focus for METS Ignited, which have recently been endorsed by its industry-led board, sets the tone for it to realise its vision for the Australian mining equipment, technology and services (METS) sector.
METS Ignited aims to strengthen Australia's position as a global hub for mining innovation and enhance the global competitive of the Australian METS sector, and its strategic direction supports this.
Elizabeth Lewis-Gray, Chair of METS Ignited said that the strategic direction is also aligned to the four broad themes that the Australian Government expects the Industry Growth Centre to achieve under its productivity and innovation agenda.
"Globally, Australian METS have a good reputation of being innovative, and in some capability areas, we are world-leading, but I believe that the sector has the potential to take a greater share of the global market," said Ms Lewis-Gray.
"METS Ignited has identified five areas to direct its focus. These are the capabilities and strengths of the Australian METS sector that it can build to address future challenges and opportunities in the global mining supply chain," she said.
"Greater collaboration across the mining ecosystem is big factor to enable the METS sector to grow. METS companies, researchers and miners can work better together for greater outcomes so the mining innovation can prosper."
"METS companies are the solution providers to mining productivity challenges. Greater willingness by miners to consider innovation in mining products and services will deliver value from mine operations. Researchers can work with miners and METS to unlock research value and commercialisation opportunities."
"Part of our work to do this will start next month as we commence several weeks of industry engagement to begin development of the Sector Competitiveness Plan - the 10-year road map for the METS sector."
"Feedback from industry that comes out of this process will no doubt refine what we need to do in our five strategic areas."
"Plus, over the coming months, we will announce other projects that will help support and test our vision for the sector," said Ms Lewis-Gray.
The five strategic areas are:
- develop a shared vision with industry
- strengthen collaboration in the mining innovation system to unlock global opportunities
- address the gaps in the innovation ecosystem, including management skills, and understand how to overcome barriers to continued success
- raise the profile of the Australian METS industry globally
- develop and promote our world-class clusters.
For more information about METS Ignited's strategic direction, download the fact sheet.