Central Highlands to Play Part in Regional Transformation Research

Posted: 28th May

The Central Highlands has played its role to initiate a national project aimed at defining transformation approaches to mining economies.

The Cooperative Research Centre for Transformations in Mining Economies (CRC-TiME) Ltd company has been formally registered with ASIC after the Federal Government recently announced $29.5 million for the project.

The Central Highlands Development Corporation (CHDC) is among 75 partners who have supported the project, which is jointly led by the Universities of Queensland and Western Australia.

The CRC-TiME will undertake social, environmental, economic and technical research; work directly with industry and communities; and enable Australia to transition to a prosperous and sustainable post-mining future.

“CHDC chose to be part of the collaboration because, with coal mining being a major economic pillar of the Central Highlands, our region stands to be a direct beneficiary of potential research outcomes,” CHDC Business and Investment Attraction Manager Peter Dowling says.

“We are currently world leaders in coal mining, and with collaborative research and development now, we could position the Central Highlands as a world leading region in economic transformation.

“Every mine has an end-date – albeit this could be some decades away – so continued testing of economic diversification opportunities is crucial to the long-term sustainability of communities who’ve depended on those mines.

“This is where the CRC-TiME comes in – undertaking world class research and development in resource regions for the benefit of all.

“Three programs – focused on regional economic development; valuation, economics and mine planning; and operational solutions and mining equipment, technology and services (METS) development – are planned to facilitate restoration activities and a supply of mine closure and post-closure products and services.”

Other partners in the CRC-TiME include leading mining companies, the Minerals Council of Australia, METS companies, regional development organisations, local, State and Commonwealth governments, and research partners.

Key governance has been developed that will underpin the establishment phase of the CRC, including the appointment of its foundational board and recognition of its founding constitution.

Timelines and plans for engagement will be announced soon.

The Federal Government’s CRC Program provides competitive and merit-based grant funding to support industry-led collaborative research partnerships.

The CRC-TiME has generated a further $105 million in cash and in-kind contributions from industry and researchers.

Representatives of the CRC TiME pitching for funding in Canberra late last year.