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THE MINING EQUIPMENT, TECHNOLOGY AND SERVICES SECTOR: AUSTRALIA’S QUIET ACHIEVER

Australia’s resources boom has sparked a quiet revolution in Mining Equipment, Technology and Services with the METS sector now valued at more than $71 billion a new paper shows. A public policy monograph by Don Scott-Kemmis, an innovation management and policy consultant and Adjunct Professor at the University of Technology Sydney, shows that the rise of Australia’s METS sector has been an untold success story from the wider mining boom.

How about those METS? Leveraging Australia’s mining equipment, technology and services sector

Mining has been an important part of the development of Australia, starting with the gold rushes of the mid-1800s. Its significance to future development relies not simply on growing demand for minerals and energy by emerging economies. The mining industry has become an increasingly critical driver of industry development and innovation in Australia.

NEW REPORT DEBUNKS MYTHS ABOUT MINING EDUCATION AND TRAINING

The Australian mining industry spent almost $1.15 billion training people for work in the last financial year, the first comprehensive study of the sector’s contribution to vocational education shows.

Training and education activity in the minerals sector

The Minerals Council of Australia (MCA) commissioned the National Centre for Vocational Education Research (NCVER) to undertake a study investigating the contributions of minerals operators to training. The study was commissioned to address the wide-spread belief within the mining sector that the number of apprentices and trainees is underreported. This may be due to some on-site activity being classified under industries other than mining (for example, apprentice chefs under hospitality, site remediation under horticulture). Secondly, mining companies themselves may undertake a substantial amount of training outside of the publicly funded VET system and as such, there is an absence of reliable publicly available data on the level of training being undertaken by the mining industry.

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