Mining equipment, technology and services (METS)
Our goal is for Queensland’s globally competitive METS sector to lead the development of innovative, world-first solutions by 2027.
- 48 METS companies to secure an increase of $24M in sales and capital investment and 25 full-time jobs through accelerator programs
- 104 regional companies to work with industry experts to build their capabilities
- 5 companies to facilitate commercialisation of products and services through the $1 million Queensland METS Collaborative Project Fund (Collaborative Fund)
- 36 businesses to export to new markets through dedicated METS Export Hubs
- 40 METS companies to promote their business capabilities in international and interstate markets.
Our 10-Year Roadmap and Action Plan ( 1.3 MB) is instrumental in accelerating the sector’s growth, focusing on collaboration and opportunities to bring innovative ideas to market. Many of these were previously delivered in partnership with METS Ignited, the Australian Government’s Industry Growth Centre for METS.
The roadmap is part of the $3.34B Queensland Jobs Fund. By encouraging private sector investment and supporting the development of critical mining projects, we’re ensuring our resource companies and regional communities can capitalise on the renewable energy opportunity.
The sector’s economic contribution is expected to surge as the world moves towards net zero emissions by 2050. The world is embracing technologies like electric vehicles, renewable energy products and low-emission power sources. We’re supporting projects that will help drive a global green energy transition.
Queensland has a world-leading METS sector. It employs 26,700 people across Queensland, with $7B revenue and $3.07B in value add for our economy.
We want to take our world-class METS expertise to new markets - locally and internationally. Queensland has a history of excellence in METS capabilities, from digital solutions and safety to technology and mine site rehabilitation. We’re working with the METS industry to help improve competitiveness, productivity and sustainability, and to improve access to national and international markets.
Collaborative business opportunities
We’re partnering with leading businesses and research bodies to improve collaboration in the METS sector. By strengthening operations, innovative products and services can reach the market sooner.
The $2.67M METS Collaborative Project Fund will bring together subject matter experts, researchers, government agencies, resource companies, and industry bodies to address industry challenges. Priorities for the fund include environmental challenges, emissions management, renewable energy and safety.
We’re bringing businesses and researchers together through our METS clustering initiative. Building partnerships and sharing knowledge will bring about more rapid technological change. Together, we can address complex industry challenges enhancing productivity and efficiency.
Innovation and commercialisation
Our accelerator programs equip emerging METS businesses with the right skills to commercialise ideas. The Queensland Government is investing $315,000 into the METS Accelerator programs to help METS companies to engage with resources companies by providing financial support to take a perceived risks and try a new technology. This allows businesses to get a competitive edge in the market.
The programs are designed for start-ups and scale-ups. These are companies that already have proven solutions to mining sector challenges. Mentoring from industry experts builds capability, accelerating commercial outcomes. Businesses come away with an increased ability to deliver their innovative new products and services to domestic and global markets sooner.
Supporting development for global markets
Global demand for commodities is expected to grow. This growth will provide long-term opportunities for Queensland’s METS sector. We partner with Trade and Investment Queensland to help our METS businesses go global. Queensland has rich deposits of critical minerals, like vanadium and cobalt and high-grade metallurgical coal resources, all are in high demand around the world. Queensland resources will support our trading partners’ emissions targets.
Global resource companies operating in Queensland are supported by many small and medium enterprises. These international companies give local METS businesses the chance to develop and test the market here first. This way, products and services may become part of global supply chains.
For more information contact the METS team at firstname.lastname@example.org
Last updated: 22 Jun 2023