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A changing global landscape

Australia's Mining Equipment, Technology and Services (METS) sector has an important role to play in the continued success of Australia's mining industry. However, the mining industry's increasing dependence on specialist technologies, combined with global mining megatrends is creating new opportunities and threats for the future of Australia's METS sector.

The sector's comparative advantages could be lost if not nurtured, while its current disadvantages could become advantages if prioritised. A changing business environment and evolving market also creates support for a range of new business models.

A vision for Australia's METS sector

The Australian METS industry is an aligned, efficient and agile industry ecosystem with a high degree of collaboration, global leadership in innovation, and a growing share of the global market.

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Narrator: Australia's Mining Equipment, Technology and Services or METS sector

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has an important role to play in the continued success of Australia's mining industry.

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The sector has built a global reputation for being innovative

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and has experienced significant growth over the last few decades. However, continued success is not guaranteed.

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Global mining megatrends are reshaping the sector's future

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challenging the viability of conventional practices and technologies. This is creating opportunities and risks

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which requires Australian METS companies to re-evaluate their role in this changing landscape.

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Australian METS will need to address several questions

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to help shape decisions about the future of their businesses and to drive growth in the industry

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over the next 20 years

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What opportunities and solutions should the Australian METS sector prioritise to remain internationally competitive?

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What skills, collaborations, processes and business models will be needed to achieve sustained growth?

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And what emerging science and technology capabilities and experiences can unlock new opportunities?

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Drawing on our deep industry and business connections and the world class research expertise of our 5,000 science professionals,

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we've developed a Roadmap that outlines five opportunities for the Australian METS sector to unlock future growth. Download your copy today and lead the change.

[CSIRO logo and text appears: CSIRO Futures, Unlocking Australia's future growth opportunities]

A Roadmap for unlocking future opportunities in Australia’s METS sector

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Enabling the vision

The Australian METS sector could be a key driver and facilitator of change in the mining sector, harnessing the deep mining domain knowledge and expertise that have been established in both Australia's METS and mining sectors, and the research sector over the past few decades.

Businesses must take action to unlock opportunities, investing in business transformation and new science and technology capabilities. Five new growth opportunities have been identified where Australian METS companies can clearly be internationally competitive, these are:

  • Data driven mining decisions
  • Social and environmental sustainability
  • Exploration under cover
  • Advanced extraction
  • Mining automation and robotics

Long term success will be achieved by increasing collaboration across the entire Australian mining and METS innovation ecosystem.

Working together, the Australian METS sector is well placed to succeed. METS businesses will need to take calculated risks and invest in the future, can use this Roadmap and METS Ignited's Sector Competitiveness Plan as a tool for sustained competitive advantage.

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