QME 2018 To Support Growth In Australia’s Mining Industry

By @AtanuShaw on
QME 2018 http://www.qmeb.com.au/wp-content/uploads/2018/07/qme18-homepage-banner3.jpg

The Queensland Mining and Engineering Exhibit 2018 kicked off this week at the Mackay Show grounds in Queensland. The QME 2018 showcases the latest in mining and engineering innovations in support of the growing Australian mining industry.

The exhibit focuses on “providing solutions to the needs of your business” by connecting suppliers and experts to businesses looking for a better, more efficient and cost-friendly way to increase their productivity.

The expo which runs from July 24 (Tuesday) to July 26 (Thursday) has assisted the industry for over 25 years. This year, it will not only feature over 230 exhibitors, but as well as demonstrations on the latest technology, and free seminars from over 30 industry professionals.

In support of the expo, QME has confirmed that several Australian officials will be in attendance. Minister for Jobs and Innovation, Michaelia Cash, will be at the exhibit, as well as Minister for Resources and Northern Australia Matt Canavan and MP George Christensen MP , Australian Mining reports.

QME has helped continue the growth of mining in the country. According to the Mining in Australia 2018 to 2032 report, mining production is expected to surge this year by as much as 5.5%. The growth is predicted to continue in the coming years. Mining investment, except oil and gas, is also expected to grow at a double-digit pace until 2019.

Over the past few months, there have been big updates on the industry which prove the positive outlook of the sector.

Just this week, Alcoa has announced that it will be using drone technology in its operations. The unmanned aerial vehicles (UAVs) will help in maintenance planning and will be conducting high-risk tasks usually done by employees.

BHP has also received a recommendation of approval from the Environmental Protection Authority (EPA) to continue its mining operations in Pilbara for the next 50 to 100 years. The approval took more than five years but after careful consideration, has finally received the green light. The rights also include the expansion of its operations in the iron ore-rich area of Western Australia.

The mining industry upsurge has already helped Australia’s GDP, from 2.4% just three months prior to an annual rate of 3.1% as of June. With the continuous growth of mining production relative to export growth, the economy could see a growth as well.