Critical Materials, Critical Industry
Following the mining investment boom, the sector is now undergoing a productivity boom, though its true value is yet to be fully captured downstream.
Lithium. Titanium. Rutile. Tungsten. Critical materials to keep the economy running, and Australian companies manufacturing. Iron. Coal. Gold. Copper. Aluminium. All are needed to build new renewable energy generating capacity in Australia. As the technology and storage capability of batteries improve, there will be a greater demand for the materials needed to build more of them.
In Australia, the mining industry has an operational workforce of 240,000 people. When you consider the full value chain, including mining equipment and servicing, one in 10 Australians is employed in, or in alignment with, the mining sector.
Following the mining boom of the 2000s, and the vast investments that came with it, mining is now undergoing a productivity boom, and Australia is home to some of the most advanced projects in the world.
Consider the Kudaideri Iron Ore project, run by Rio Tinto: the iron ore laboratory became the most productive, safest, highest quality iron ore facility in the world when Scott Automation completed the build in 2021.
Robotics, data analysis, and automation are set to make mining safer, more productive, and more efficient, ensuring Australia is at the forefront of the world. Importantly, we are gaining the ability to make process efficiencies in real-time, with operations run from remote centres, receiving the data and making decisions as to what happens next.
How will mining continue to innovate, with productivity gains that make investment in Australia the obvious choice? There is a recognition that with increased adoption of technology, there is a better focus on how you can work in teams that do not share a physical location. Problem solving, change management, and project management are being integrated into the science and engineering disciplines on site.
The new roles within the industry are exciting and vibrant. While mining has a predominantly male workforce, 12–18% are female. There is opportunity for STEM-focused roles for graduates, which is critically important for students in an ever-tightening STEM job market.
Importantly, innovation in the sector has improved safety for workers. There are unique physical and mental health and safety issues that come from working in mines. The industry tries to counter the sense of isolation that often affects those in FIFO roles through the Mates in Mining program, which provides suicide awareness, prevention and intervention skills.
What Australia needs to do now is capture more of the value chain of its materials. The country has lost the capability to do downstream processing, with aluminium the one exception.
Thankfully, new projects including a lithium processing plant in WA are set to reverse this trend. Australia has some of the world's richest reserves of lithium, which is used in battery technology that backs up solar and wind generation. It will create new jobs, and new potential manufacturing industries, in Australia.
Dr. Gavin Lind is the CEO of Australian Minerals & Energy Skills Alliance (AUSMESA).
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