26 May 2015: CRC ORE is set to be funded for a second six year term with the Australian Government flagging $34.45 million to support vital ongoing work in improving the efficiency and cost-effectiveness of the minerals extraction industry.
CRC ORE Media Release - May 2015
$34.5m boost to minerals innovation
The Australian Government funding will be supported by a strong investment by the global minerals industry to continue valuable work in optimising ore extraction, until 30 June 2021.
Speaking at the CRC Association annual conference in Canberra, Minister for Industry and Science Ian Macfarlane said "CRCs will continue to be an important asset for driving greater collaboration between industry and research".
With innovation pivotal to long term job creation, today’s announcement by the Minister for Industry and Science, the Hon. Ian Macfarlane MP to fund a collaborative industry research initiative is an important boost. The Cooperative Research Centre for Optimising Resource Extraction (CRC ORE) bridges the gap between research and industry and fosters the development and commercialisation of new technology. CRC ORE will help keep Australia’s minerals industry globally competitive and create opportunities to supply technology to international markets.
CRC ORE CEO Joe Pease, said, “This is a great outcome for industry, researchers and Australia’s vibrant METS sector (Mining, Equipment, Technology and Services). The minerals industry downturn highlights an urgent need to improve the productivity and energy efficiency of producing minerals for society. The successful collaboration in the first term of CRC ORE demonstrated huge potential. This second six year term is all about delivering that potential in operations, creating real value and new growth opportunities for our best researchers and innovative METS suppliers”.
The announcement was made duing a two-day long conference in Canberra on 25–27 May 2015 held by the CRC Association as part of celebrations to mark the 25th anniversary of the overarching Cooperative Research Centres program.
The event came little over a week after Minister McFarlane had announced the outcomes of the Miles Review, a broad-ranging investigation of the effectiveness of the Cooperative Research Centre (CRC) Program. The positive findings of the Miles Review have reinforced the value of the CRC program in bringing together research and industry. On 19 May 2015, McFarlane announced that the CRC program continue saying it was both “valuable and effective”. The review did flag room for improvement and that it would continue with a new and more targeted focus.
To access the press release from the Hon. Ian MacFarlane, Minister of Industry and Science on the continuation of CRC ORE into a second phase, click here.
The full details of the proposed changes to the overarching CRC program, click here.