Mining hub

To facilitate and accelerate the process of mining modernisation, a Mining Hub is being set up to co-ordinate research and development (R&D), mining equipment manufacture and skills development by mining companies, original equipment manufacturers (OEMs), research entities, skills-development entities and government in collaboration.

The hub is envisaged as a public-private partnership with a view to “open innovation” so that the costs and rewards of R&D would be divided equitably among contributors.

Open innovation goes beyond drawing on external sources of innovation, such as customers, rival companies and academic institutions. It can integrate adaptations in the use, management and employment of intellectual property by systematically encouraging and exploring a wide range of internal and external sources for opportunities, integration and exploitation through various channels.