15 February 2016: Forward thinkers of the mining industry came together at the start of the year to celebrate the official launch of a second phase for the highly successful CRC ORE.
CRC ORE Media Release - February 2016
Launch of CRC ORE phase two
After its initial 5-year term, the global minerals industry came together and rallied behind the continuation of the impressive work being led by CRC ORE.
Representing Christopher Pyne, Federal Minister for Industry, Innovation and Science, Federal member for the seat of Brisbane, Teresa Gambaro, launched the new term by congratulating all CRC ORE’s Participants and saying how pleased she was that CRC ORE had been given a new lease on life and an opportunity to help Australia maintain its position as a global leader in mining technology.
CRC ORE commenced in mid-2010 and has now been awarded a further six-year Federal funding term, continuing the work by the group to identify and implement innovation that improves the operational value of the minerals industry and reverses the marked trend of declining productivity over the last decade. $34.4m of Federal funding has been matched by strong industry Participant cash contributions. Together with in-kind support, the current six-year term of CRC ORE will be supported by over $100m of investment for CRC ORE to achieve critical mass and capacity.
The next phase, which takes the program up until mid-2021, is predicated on taking innovation and delivery outcomes to the next level.
During the launch it was confirmed that CRC ORE would continue its successful approach of taking the innovations developed during the program all the way through to site implementation and commercialisation, to ensure that the overall productivity gains of technologies developed are realised at scale in the real world.
CRC ORE confirmed that it is set to continue its applied innovation, technology development and technology transfer focus, rather than a fundamental research approach. This is based on the view that there is abundant existing and latent technology already available which has not been integrated on mining sites or can be accessed from other sectors.
The industry turned out in force to the launch, lending their support to the continuation of CRC ORE's work in optimising resource extraction, which is recognised as a critical step towards building a stronger future for the minerals and mining sector.
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