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METS urged to collaborate
espite contributing 15% to Australia’s “The first couple of years was really all
DGDP and being one of the country’s about talking to industry and understand-
highest growth industries, the METS sec- ing what it was that the industry wanted,
tor is yet to fully embrace collaboration. both METS companies and mining com-
METS – mining equipment, technology panies,” Clarke said.
and services – companies have record- “Over the next two years we’ll be con-
ed two consecutive years of gross value- tinuing to execute these sorts of pro-
add (GVA) growth. About 6,000 METS grammes.”
firms contribute about 80% to this GVA. The METS sector is responsible for
However, a lack of collaboration con- 75% of all patents lodged in mining in
tinues to plague the sector with METS Australia, compared to 13% from miners
Ignited Australia Ltd general manager and 12% from researchers.
industry engagement Peter Clarke sug- Of the nearly $240 billion the mining
gesting some companies were still and METS sectors collectively contribute
caught up in a “cultural barrier”. Peter Clarke to the Australian economy, about 40%
“One thing we have been pushing is comes directly from the latter.
more collaboration of METS compa- oration is by waving the cheque book and “It really is, if not the leader globally,
nies in order to scale up their offerings,” saying: ‘we’ve got some money here’. then right near the top,” Clarke said. “I’ve
Clarke said. But, unless you’re collaborating with the taken technologies to Latin America,
“It’s a really important message that best one or two other METS companies, North America and Africa, and if you
we’re trying to get out there. Of course you’re not eligible. And we’re starting to walk in the door to a mining company and
there are a lot of culture barriers to col- see that drive a little bit of change.” say ‘this technology is proven, it’s been
laboration in Australia amongst our Now in its fourth year, METS Ignited used in the Australian mining industry’,
METS companies and it’s proving to be is championing a number of initiatives, for many people that’s a tick of approval
quite a challenge to get our METS com- including robotics and automation and because they know that it is world-class
panies to work together. CRC-based programmes such as Minex here.”
“One of the ways we encourage collab- and Future Battery Industries. – Michael Washbourne
EMERGING GOLD MINER
KEFI preparing to trigger development of c. 140K
oz pa gold cash flow in Ethiopia and exploration of A NEW FORCE IN
large targets there and in Saudi Arabia GUINEA BAUXITE
• KEFI is focused primarily on the ready-for THE WORLD CLASS KOUMBIA PROJECT
construction 140Kpa Tulu Kapi Gold Project in
Ethiopia, along with its pipeline of other projects
within the highly prospective Arabian-Nubian Shield.
KEFI targets that production at Tulu Kapi generates
cash flows for capital repayments, further exploration
and expansion as warranted and, when appropriate,
dividends to shareholders.
• Pole position in Ethiopia & Saudi Arabia, the highly
prospective Arabian-Nubian Shield. In both with
strong local partners and new Governments that are
pushing to develop the minerals sector. +2 Billion Tonne High Quality (JORC 2012) Resource
• Financings assembled and closing of first deal Premium 'direct shipping' Product
(project equity) in progress now. 'Early works' Construction Commenced
Targeting +10 Mtpa for early 2021
Email: info@kefiminerals.com
Website: www.kefi-minerals.com
AMCBAUXITE.COM
aUSTRaLIa’S PaYDIRT OCTOBeR 2019 Page 69

