February 22, 2024

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National Critical Minerals R&D Centre to Launch in Australia

CSIRO, Australia’s national science agency, along with Geoscience Australia and the Australian Nuclear Science and Technology Organisation (ANSTO) will bring together expertise to establish a virtual National Critical Minerals Research and Development Centre.

The AU$ 50 million Centre, hosted by CSIRO, will aim to strengthen Australia’s critical minerals capability and resource pipeline to bring a national perspective to critical minerals research and development. It forms part of an updated Critical Minerals Strategy to build a competitive critical minerals sector in Australia. High-value exports from critical energy metals can provide an important source of economic growth for Australia and help to power a global transition towards zero emissions.

CSIRO’s recently released Critical Energy Minerals Roadmap estimates the metal value of the energy transition’s top technologies to reach more than AUD$5 trillion dollars globally by 2050 – with over half of that being for critical minerals.

As the largest minerals research and development organisation in Australia and one of the largest in the world, CSIRO is ideally placed to seize the opportunities presented to Australia by the global energy transition and respond to critical mineral demand.

About the Critical Energy Minerals Roadmap

Australia’s future economic prosperity will depend on how well the nation can use its vast energy and mineral resources and adapt to follow the global market shift towards zero emissions.

Resourcing a low emission energy future

Connecting mining, manufacturing and energy sectors. Global demand for renewable and low emission technologies continues to grow; as does the demand for the critical mineral resources required to manufacture these technologies.

Australia is well-positioned to seize opportunities in this energy transition and respond to critical mineral demand. High-value exports from critical energy metals can provide an important source of economic growth for Australia and help to power a global transition towards zero emissions.

The Critical Energy Minerals Roadmap outlines opportunities in how Australia can extract new value from its mining and manufacturing sectors. It aims to give Australia a competitive advantage in a world undergoing massive change. The smart mining market was valued at US$ 9.27 billion in 2021 and is expected to reach US$ 28.05 billion by 2027. It is expected to register a CAGR of 20.62% from 2022 to 2027.

Mining involves many processes, including resource allocation management of equipment, such as mining trucks, excavators, drills, conveyor belts, transportation and logistics, and more. To ensure that everything runs efficiently and finishes faster, these complex processes require a system to simplify and automate them.

The Fourth Industrial Revolution has developed into an “integrated intelligent society” and is now spreading across all sectors. Digital solutions have become well established in day-to-day mining operations, and more mines and mining areas are set to benefit.

Research by a Swedish multinational networking and telecommunications company found that, when deployed concurrently, autonomous vehicles, real-time site monitoring, and remote-controlled drilling rigs deliver improved efficiency, productivity, safety, and a combined ROI of 207% over ten years in surface operations. In underground mining, the ROI equates to 256%. Digital technology is driving fundamental changes in mining.​

In recent years, mining businesses across emerging countries have faced an increase in the number of challenges, including price instability, the need to drill deeper to uncover new resources and a skills shortage across the industry. Many mining businesses have resorted to digital transformation to overcome these issues. The market is focusing on using advanced technology to transform traditional mines into smart mines that are more efficient, safer, and more productive.

PARTNER

Qlik’s vision is a data-literate world, where everyone can use data and analytics to improve decision-making and solve their most challenging problems. A private company, Qlik offers real-time data integration and analytics solutions, powered by Qlik Cloud, to close the gaps between data, insights and action. By transforming data into Active Intelligence, businesses can drive better decisions, improve revenue and profitability, and optimize customer relationships. Qlik serves more than 38,000 active customers in over 100 countries.

PARTNER

CTC Global Singapore, a premier end-to-end IT solutions provider, is a fully owned subsidiary of ITOCHU Techno-Solutions Corporation (CTC) and ITOCHU Corporation.

Since 1972, CTC has established itself as one of the country’s top IT solutions providers. With 50 years of experience, headed by an experienced management team and staffed by over 200 qualified IT professionals, we support organizations with integrated IT solutions expertise in Autonomous IT, Cyber Security, Digital Transformation, Enterprise Cloud Infrastructure, Workplace Modernization and Professional Services.

Well-known for our strengths in system integration and consultation, CTC Global proves to be the preferred IT outsourcing destination for organizations all over Singapore today.

PARTNER

Planview has one mission: to build the future of connected work. Our solutions enable organizations to connect the business from ideas to impact, empowering companies to accelerate the achievement of what matters most. Planview’s full spectrum of Portfolio Management and Work Management solutions creates an organizational focus on the strategic outcomes that matter and empowers teams to deliver their best work, no matter how they work. The comprehensive Planview platform and enterprise success model enables customers to deliver innovative, competitive products, services, and customer experiences. Headquartered in Austin, Texas, with locations around the world, Planview has more than 1,300 employees supporting 4,500 customers and 2.6 million users worldwide. For more information, visit www.planview.com.

SUPPORTING ORGANISATION

SIRIM is a premier industrial research and technology organisation in Malaysia, wholly-owned by the Minister​ of Finance Incorporated. With over forty years of experience and expertise, SIRIM is mandated as the machinery for research and technology development, and the national champion of quality. SIRIM has always played a major role in the development of the country’s private sector. By tapping into our expertise and knowledge base, we focus on developing new technologies and improvements in the manufacturing, technology and services sectors. We nurture Small Medium Enterprises (SME) growth with solutions for technology penetration and upgrading, making it an ideal technology partner for SMEs.

PARTNER

HashiCorp provides infrastructure automation software for multi-cloud environments, enabling enterprises to unlock a common cloud operating model to provision, secure, connect, and run any application on any infrastructure. HashiCorp tools allow organizations to deliver applications faster by helping enterprises transition from manual processes and ITIL practices to self-service automation and DevOps practices. 

PARTNER

IBM is a leading global hybrid cloud and AI, and business services provider. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Nearly 3,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM’s legendary commitment to trust, transparency, responsibility, inclusivity and service.

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