MinEx CRC Gets a $50M Tick from Government

Posted on May 30, 2018 by DET CRC

MinEx CRC.

We are delighted report that on 28 March 2018 Assistant Minister for Science, Jobs and Innovation, Zed Seselja, and Minister for Resources and Northern Australia, Matt Canavan, announced $50 million of Australian Government funding for MinEx CRC. MinEx CRC is a major endeavour comprising: $50M cash from the CRC Programme; $41M cash from geological surveys and from industry; $49M non-staff in-kind, and; $78M or 311FTE staff in-kind for a total of $218M. MinEx CRC’s research will include the following.

  • Developing more productive, safer and environmentally-friendly drilling methods to discover and drill-out deposits, including coiled tubing drilling technology.
  • Developing new technologies for collecting data while drilling, bringing forward mine production.
  • Implementation of a National Drilling Initiative (NDI) – a world-first collaboration of Geological Surveys, researchers and industry that will undertake drilling in under-explored areas of potential mineral wealth in Australia.

For further information please contact MinEx CRC CEO-designate, Andrew Bailey.