The government of Australia has revealed its intention to make a $50 million investment for the funding of research in mining to curb any potential problem the mining industry may face in future. The Minister for Resources and Northern Australia, Matt Canavan, and the Assistant Minister for Science, Jobs and Innovation, Zed Seselja, made the announcement to the public in a recent interview. According to the two public office holders, the Cooperative Research Centre program (CRC) will be authorized and saddled with the responsibility of making the fund available, and distributing it through grants.
Canavan said that the aim of MinEx CRC is to encourage and deliver productive and safer drilling methods that are equally environmentally friendly. There is also a plan to introduce new technologies in the collection of data during drilling of rocks which have never been sampled all over the continent. Creation of jobs is another aspect which the CRC has in mind, because it will go a long way to help in sustaining the resources of the country’s industry and also make sure job security for the Australian people is guaranteed.
In a statement made by Seselja, this investment is a segment of a massive government program of about $4.4 billion to boost industrial innovation and research in Australia. The country’s coalition government has made this program one of its major focus points to show to the world its commitment in the improvement of competitiveness, sustainability and productivity of industries in Australia.
Furthermore, the falling prices of commodities in the mining industry, according to Canavan, has weighed heavily on the mining sector for about three years now, but hopes that this state of things will soon be a thing of the past. The country has experienced tough times these past few years and there have been reduction in iron and coal processing. Iron and coal were the two commodities largely mined in Australia. However, there are good indications that things are turning around for the country.
From the PDAC 2018 conference held in Toronto, Canavan revealed that the discussion on the discovery of new minerals were among the many areas of potential investment the conference looked into. Lithium, one of the minerals, has been a commodity in high demand, and Australia has tripled its production of lithium to become the world’s largest producer now.
In a report ‘Mining in Australia 2017 to 2032’ published in support of mining in Australia, BIS Oxford Economics wrote that mining in the country will experience its best year in 2018. Production will more than double this year, compared to what was obtainable in 2017. The massive investment in oil and gas is now yielding good results as production has finally increased. Australia hopes to emerge as leader in the exportation of Liquefied Natural Gas (LNG) by 2022, according to a BIS Oxford Economics reporter, Rubhen Jeya. It is predicted that in the next five years, the country’s economy will make much improvement due to growth in mining production.
「MinEx CRCは、より生産的で、より安全で環境にやさしい掘削方法の提供、掘削中のデータ収集のための新技術の導入、そしてこれまでサンプリングされたことのない岩石の新しい探査データの獲得を目指す」との方向性も示されました。資金調達のもう一つの側面は雇用創出です。 「このCRCは、資源産業を維持し、将来のオーストラリアの雇用を確保するのに役立ちます」とマット・キャナバン資源・豪北部担当大臣は付け加えました。今回の政府の投資は、オーストラリアの産業のための革新と研究を奨励する44億ドル超の一大プログラムの一部です。
同氏はまた、トロントで開催されたPDAC 2018カンファレンスにて「これまで数年の厳しい状況が続いていた。鉄鋼と石炭の大量生産は減少してきたものの、状況は変わり始めている。 新しい鉱物もあり…リチウム生産はオーストラリアで3倍に増加した。現在では、世界最大のリチウム生産国である」と述べました。BIS Oxford Economicsは、「オーストラリアの鉱業 ~ 2017年から2032年にかけて」と題された報告書の中で、オーストラリアが2018年にすばらしい成長を見せ、2017年に比べて生産が2倍以上になるだろうとの予想を発表することで、このような見通しを支持する形となっています。
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