The importance of our newly named Minerals Energy Technology platform getting a promo from Scomo just days after Jules highlighted NRW is now in a position where “we can do anything”.
The Federal Government has released its 10-year plan to grow the resources and minerals sector to create more jobs and economic opportunities for manufacturing business.
The roadmap speaks about expanding international partnerships in the resources technology industry so manufacturers can “scale up”.
It refers to a recent survey of mining equipment, technology and services firms in Australia which states on current estimates they generate 25 per cent of revenue from exports.
The top eight markets are the US, Indonesia, Papua New Guinea, New Zealand, Canada, Chile, South Africa and China.
“The Australian industry is highly regarded, but must continue bringing innovative technology solutions to the market that address the challenges facing the resources sector,” the roadmap said.
The roadmap notes the Government will be “looking at opportunities to not only collaborate with industry and to make strategic investments, but also for industry players and businesses to work together to invest in strategic projects that will boost Australia’s manufacturing capabilities and expertise in the resources sector”.
It comes as the Government has opened applications for its $1.3 billion Modern Manufacturing Initiative.
The Morrison Government is leveraging Australia’s world-leading critical mineral and resources sector to create more jobs and economic opportunities for manufacturing businesses with the release of a new 10-year plan.
The Resources Technology and Critical Minerals Processing Roadmap shows how businesses can capitalise on Australia’s access to resources, which will be needed to manufacture many new technologies.
Applications under the Modern Manufacturing Initiative grants opened today which will help manufacturing businesses scale up, focusing on critical minerals and resources and processing.
Prime Minister Scott Morrison said the Government was focused on growing the manufacturing sector.
“Yesterday’s national accounts showed the comeback of the Australian economy is well under way and manufacturing businesses and jobs will be central to our National Economic Recovery Plan as we build back from the COVID-19 recession,” Mr Morrison said.
“Our Modern Manufacturing Initiative will help position Australia as not just a global leader in the resources sector but also in the manufacturing of the technology used, as well as turning the raw materials into value-added products.
“Today’s funding will help unlock investment from industry to help build manufacturing capability and competitiveness in Australia’s resources sector while taking advantage of a significant global growth sector.
“This investment and this roadmap will support jobs across Australia, particularly in our resource rich regions like the Hunter, WA and Central Queensland.”
Minister for Industry, Science and Technology Karen Andrews said opportunities outlined in the roadmap included turning critical minerals into high-value products like batteries and solar cells, as well as technologies and equipment that makes mining more efficient and safe.
“This funding will back businesses to pursue those opportunities and turn innovative ideas into high-value products so we can build on Australia’s competitive advantage and secure greater investment and market share,” she said.
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