The Australian Government has established a new $20m mining industry growth centre at the Queensland University of Technology in Brisbane.
Launched by Australian Industry, Innovation and Science Minister Christopher Pyne, the new Mining Equipment, Technology and Services (METS) Growth Centre's primary focus will be on reducing regulatory burden, increasing collaboration and commercialisation, improving international engagement capabilities, and management and workforce skills.
Queensland minister for state development and minister for natural resources and mines Dr Anthony Lynham said that the growth centre will help state's mining sector commercialise and export its ideas worldwide.
The new centre has been established as part of a $225m initiative and is designed to boost Australian industry's competitiveness and productivity.
Pyne said: "The resource sector's continual drive to increase efficiency and productivity means there is a demand for improved equipment, technology and services.
"The future prosperity of the mining equipment, technology and services sector will depend on its ability to remain globally competitive and seize these global opportunities."
METS Ignite is expected to provide Australian mining industry the required support to prosper in an increasingly competitive market.
Lynham said: "This is great news for our METS sector and our mining industry, and why the Palaszczuk Government committed $6m over four years to attract the centre to Queensland.
"We already have CRC Mining, CRC ORE, and CSIRO Queensland Centre for Advanced Technologies, more than 200 mining companies and more than a dozen industry associations and universities collaborating to develop better mining technology."