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Follow on Google News | Australian Mining Technology & Services Expertise on Display at IMME 2010 Kolkata50 Companies from Australia participating at IMME 2010
By: P S Krishnan 50 companies from Australia are participating at the IMME 2010 exhibition reflecting on Australia’s status as The Partner Country and showcasing Australia’s global leadership position in Mining Technology and Services. Mrs Justine Elliot, Member of Parliament, Australia's Parliamentary Secretary for Trade is participating at IMME 2010. Australian expertise in Mining Technology & Services Australia has a world class mining sector and is a leader in the minerals & resources industry for over a century. Australia has the world's largest economic demonstrated resources of lead, nickel, tantalum, uranium and zinc. Australia is also the largest producer of bauxite, alumina and tantalum, the second largest producer of lead, nickel and uranium, and the world’s largest exporter of coal. Up to 80 percent of Australia's production is exported and Australia has a long-standing reputation as a secure, reliable and competitive supplier. Australia is also at the forefront in developing innovative technologies for the mining & resources sector with new techniques of mining and mineral development originating from Australia. Australian expertise in mining technology and services spans technology, services, solutions from exploration; The Australian companies exhibiting at IMME 2010 is a showcase of Australia’s status as a world leader in mining and technology services (MTS). Australia – An Attractive Mining Investment Destination There is growing Indian investment in Australia's mining & resources sector. Indian companies are increasingly investing & exploring investment opportunities in Australia to secure resources & raw material supply to meet the shortfall in domestic production. Indian companies have invested in copper and coal mines in Australia and are exploring more investment opportunities in the mining & resources sector in Australia. India’s mining and resource processing companies have already identified the benefits of Australia, both through the establishment of long-term supply contracts and direct investment in Australia’s expertise, high quality deposits and competitive transportation costs. Together, India and Australia have put in place mechanisms to further reinforce commercial and technical linkages. Recently, India’s biggest coal importer, Adani Enterprises, had acquired an Australian coal asset of Linc Energy in a cash and royalty deal worth A$ 2.7 billion. This is the largest single investment by an Indian company in Australia. This is being succeeded by an array of other companies including CESC, Reliance Power, GMR Power and other business groups from India that are exploring investments in the mining & resources sector in Australia. Australia at IMME 2010 50 companies from Australia are participating at the IMME 2010 exhibition. The Australian participation at the IMME 2010 exhibition features a cross section of Australian mining technology services firms whose business profile includes contract mining services; mining equipment components & spare parts; mining project software; mine management systems; mineral processing systems & components; underground mining services, coal washery & related consultancy. As part of Australian participation at IMME 2010, seminars are being organised on 9 November 2010 on Seminar on Investing in the Australian Mining & Resources Industry Seminar on Australian Mining & Resources The Seminar on Investing in the Australian Mining & Resources Industry focuses on investments in Australia’s minerals sector, providing an overview of Australia’s mineral resources, the opportunities and a practical guide for investing and operating in Australia. The Seminar on Australian Mining & Resources focuses on the current partnerships between Australia and India in the minerals industry, Australian expertise in mining technology & services, etc. Speaking about Australian participation at IMME 2010, Peter Linford, Senior Trade Commissioner – South Asia, Australian Trade Commission, based in New Delhi said, “Australian mining companies are leaders in economic exploration, mining, mineral processing and transformation of raw minerals. The world’s most extensive mineral research and development programs and facilities are in Australia. A number of innovative methods of mining and mineral beneficiation have originated in Australia. As mining is conducted in remote and harsh environments, Australian companies are at the forefront of developing effective new technology and services, and demand for Australian expertise continues to grow”. “Minerals and resources are major cornerstones in the Australia-India bilateral trade relationship. Australian coking coal fuels the Indian steel industry and Australian companies are increasingly involved in minerals exploration in India. IMME plays an invaluable role in bringing together global players in the mining sector, and provides the opportunity for Australia and India to share their expertise. Australian participation at IMME 2010 offers an excellent opportunity for the Indian mining and minerals sector to access and source Australian mining technology and expertise, and explore technology sourcing and partnership agreements with Australian suppliers,” said Peter Linford. For more information on accessing Australia’s mining, technology & services expertise or in exploring partnership opportunities with Australian companies in the mining sector, please visit www.utsavaustralia.in or email to utsavaustralia@ # # # The Australian Trade Commission is the Australian trade and investment development agency. In India, The Australian Trade Commission facilitates business opportunities; End
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