Exports Surge on the back of Mining Technology

Exports Surge on the Back of Mining Technology

Mining has long been thought of as a business of shovels and sweat, but in reality it is now driven by advanced mining technology and sophisticated software. Resources-linked technology is also one of the great unsung export success stories. At present, about 60 per cent of the mining software used around the world originates in Australia.

According to an Austrade report, "Mining Software and Related Technologies", exploration and mining software (EMS) generates more than $600 million a year from mining-related revenues, more than $240 million of exports, and directly employs more than 2500 people.

The size and type of EMS firms varies, with 100 companies in the sector, ranging in size from less than $1 million to more than $100 million in annual sales. The sector is concentrated in Western Australia (45 per cent of businesses) and Queensland (30 per cent).

Australia is seen as a world leader in this field," says Simon Ratcliffe, product development director of Maptek, an Australian-based international company. "Australians have a can-do attitude and the capacity to think across traditional borders rather than in niches, and that is very important for global miners."

Original article by Derek Parker of the Financial Review view the full article here

Expedio - Always Accurate Data

Exports Surge on the Back of Mining Technology

Mining has long been thought of as a business of shovels and sweat, but in reality it is now driven by advanced mining technology and sophisticated software. Resources-linked technology is also one of the great unsung export success stories. At present, about 60 per cent of the mining software used around the world originates in Australia.

According to an Austrade report, "Mining Software and Related Technologies", exploration and mining software (EMS) generates more than $600 million a year from mining-related revenues, more than $240 million of exports, and directly employs more than 2500 people.

The size and type of EMS firms varies, with 100 companies in the sector, ranging in size from less than $1 million to more than $100 million in annual sales. The sector is concentrated in Western Australia (45 per cent of businesses) and Queensland (30 per cent).

Australia is seen as a world leader in this field," says Simon Ratcliffe, product development director of Maptek, an Australian-based international company. "Australians have a can-do attitude and the capacity to think across traditional borders rather than in niches, and that is very important for global miners."

Original article by Derek Parker of the Financial Review view the full article here

Expedio - Always Accurate Data