The Secret of Australia’s Competent Lead in Mining Technology Adoption

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Australia has been a world leader in mining, with many companies adopting new technologies quickly.

“Technology is set to revolutionise the Australian mining sector,” claimed the Mine magazine. The Minerals Council of Australia (MCA) mentioned in a report compiled in 2019 that “In the next five years, Australia’s mining sector will be altered by technological innovations with more than 77% of jobs, increasing productivity by up to 23%.”

Mining technology adoption is driven by several factors, including the need to improve safety and increase efficiency. One of the main reasons for this is the size of the Australian mining industry. With so much activity, companies have quickly adopted new technologies to stay ahead of the competition.

Additionally, the Australian government has been supportive of technology adoption, with initiatives such as the Mining Equipment, Technology and Services (METS) program helping to fund research and development in this area.

According to the Equinix Mining Technology Report 2021–22, the future for the mining industry is very bright. CEO of Dassault Systèmes GEOVIA Michelle Ash, interviewed during the research, agrees: “I think the mining sector’s future is very bright. Especially from a growth standpoint. Also, we have witnessed some fantastic commodity prices, which have brought many projects forward. Also, the technology adoption will aid in resetting the operating and capital costs, leading towards more expansion.”

The Australian miners have access to some of the best resources in the world, which helps to drive innovation in the sector. All these factors are the reason behind Australia’s lead in mining technology adoption.

Looking to the future, it is clear that mining technology will continue to play a vital role in the industry. As companies strive to improve safety and efficiency, we can expect to see even more new technologies being adopted in the yearsThanks to its strong mining sector and supportive government ahead.

Thanks to the strong mining sector and a supportive government, Australia is well-positioned to continue leading the way in this area.

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