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West Australian
7 days ago
- Business
- West Australian
Better together: Push for Federal Government to force mining and green energy to co-exist
Australia might be known as the great southern land, but an escalating fight for space has industry leaders calling for the Federal Government to intervene to ensure mining and renewable energy projects can co-exist. A new report by the Association of Mining and Exploration Companies is warning that priority access for green energy developers is putting the lucrative mining industry at risk, thrusting the issue on the agenda ahead of this month's national economic roundtable. 'We have many more competing uses for the land, no consistent rules and established industries that provide the foundational base of our economy forced to play second fiddle,' AMEC chief executive Warren Pearce said. 'It's paralysing mining development, sterilising resources and it's entirely avoidable.' The AMEC report, Congested & Contested - Co-existence The Key to Unlocking Productivity, warns that tax and royalty revenue of $493 billion is at stake, due to 'uncertainty, delays and conflict' over land use. It reports that a preference for exclusive rights is locking mining exploration out, including in WA's Mid-West. Toolonga Mineral Sand's tenements for coccolith chalk near Kalbarri were terminated, to make way for the foreign-owned Murchison Green Hydrogen Project that has been awarded major project status from the Federal Government and received $814 million in Headstart funding. 'We have stated that we we can coexist. But no, the Minister has ignored that request,' Toolonga Mineral Sands managing director Ann Conlan-Nash said. 'As far as the Murchison green hydrogen project, we know that they're not going to do anything up there for probably five to six years. 'We could have been moving forward since 2020. It's been five years that we've been waiting, fighting.' AMEC said it's an example of the rush to renewable energy 'running roughshod' over regional communities and risking a backlash from locals. The AMEC report found meeting demand from both industries would require an equivalent of 'two Australia's' if exclusive rights are applied to all 77 million square kilometres of land. Mr Pearce said the solution was diversification leases that had been attempted, but not often taken up, in WA. 'This has actually become a really big problem in regional WA,' he said. 'Despite the fact that all of these renewable energy project proponents say they don't require exclusive licences, not one of them are using the diversification leases. They're opting for a section 79 lease which provides exclusive tenure. 'It means they're pursuing a path that tries to lock out other users and that's the worst possible outcome.' He's lobbying for a national model, to ensure consistency and offer investors certainty. 'Everyone benefits, because the highest value land use is multiple land use,' Mr Pearce said. 'The reality is you can do these things without actually ruining the overall purpose or economic benefit of the wind farm. 99 per cent of it will remain untouched. You just need to take a piece out of it. 'That piece creates jobs, taxation, revenues and, of course, royalties, as well as what's going on with the wind farm.'
Time of India
28-07-2025
- Business
- Time of India
Industry analysis forecasts doubling of India's 39-bn pound sports economy by 2027
India's sports economy, currently estimated at 38.84 billion pounds, is expected to nearly double by 2027, said a report based on an analysis of global collaborations in sports-tech, infrastructure and inclusion. The report titled 'Winning Together: Unlocking the Sports Economy between India and Manchester' also reflects the growing interest of Indian corporates in Manchester's thriving sports ecosystem. Explore courses from Top Institutes in Please select course: Select a Course Category healthcare Technology Project Management CXO Artificial Intelligence Finance Product Management MBA Data Analytics Leadership PGDM MCA Data Science Digital Marketing Public Policy Others others Management Design Thinking Data Science Cybersecurity Degree Operations Management Healthcare Skills you'll gain: Duration: 11 Months IIM Lucknow CERT-IIML Healthcare Management India Starts on undefined Get Details The report was released by the Consulate General of India in Manchester in collaboration with the Federation of Indian Chambers of Commerce and Industry (FICCI) and Grant Thornton Bharat over the weekend. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Play War Thunder now for free War Thunder Play Now Undo The report, which was released during the fourth India versus England Test match at the Old Trafford stadium in the city, spotlights increasing Indian investments across different sports beyond cricket. "This document marks a significant step in identifying synergies between two regions with a deep passion for sport, a strong culture of performance, and growing aspirations to become global hubs of talent and innovation," said Vishakha Yaduvanshi, Consul General of India in Manchester. Live Events According to the diplomat, the new Consulate General in Manchester which came up in March, has opened up new avenues for regional partnerships, with sport being a natural and powerful connector. The report came days after members of the Indian cricket team met football players of Manchester United in London, underscoring the deep cultural resonance and global fandom that connects the two sporting nations. "The India-Manchester sports collaboration, as explored in this report, highlights the power of purposeful global engagement and serves as a shining example of this policy in action," said Jyoti Vij, FICCI Director General. "There is an immense opportunity to drive business-to-business collaborations between the two sides, and harness avenues for knowledge exchange and technical expertise. Such partnerships can catalyse innovation and significantly enhance institutional capacities," she said. The report has also proposed a Bilateral Working Group (BWG) to formalise public-private engagement, an India-UK sportstech innovation hub and e-sports talent exchange , academic and R&D partnerships with institutions like Loughborough University in the UK and IIT Delhi, scaled engagement from Premier League football clubs and Indian investors, and a joint approach to inclusive, gender-balanced sports ecosystems. "Our collaboration with Manchester showcases how two diverse but complementary systems can co-create frameworks for athlete development, immersive fan engagement, and sustainable infrastructure," said Abhishek Binaykia, Partner & Sports Advisory Leader, Grant Thornton Bharat. The report came during a sports leaders' delegation tour of Manchester, led by P K S V Sagar, Chair of FICCI's Sports Committee, for a series of high-level interactions with representatives across business and academia. "There is tremendous potential for India-UK collaboration in areas such as sports education and talent development through academic partnerships and exchange programmes between institutions, sports technology , including AI-driven performance analytics, fan engagement platforms, and wearable tech," said Sagar, President of GMR Sports. Event management and franchise development, especially in emerging leagues and community sports, co-development of sustainable sports infrastructure and facilities and joint research in sports science and injury rehabilitation are also important areas, he said. "Additionally, both nations can benefit from co-hosting sporting events and developing cross-border business models that blend UK expertise with India's scale and youthful energy," he said. About the India-UK Free Trade Agreement (FTA) signed during Prime Minister Narendra Modi's UK visit last week, Sagar said the deal will not only reduce trade barriers but also encourage joint investments, innovation, and institutional collaborations, which can reshape the sports economy on both sides. Delegation member Preeti Jhangiani, founder of the Pro Panja Arm-Wrestling League, termed the FTA a "game changer" for Indian businesses and investors that will unlock a wide spectrum of opportunities across sectors. "The greatest synergies will happen in Olympic sports and popular upcoming sports like arm wrestling, which benefits greatly because it not only has an Indian ethos as 'Bharat Ka Khel' but also as an international sport known all over the world and played on many levels such as University Games, Police Games, Combat Games and now Youth Asian Games," said Jhangiani, revealing that an "India-UK Arm Wrestling/Panja series" is already in planning stages. The India-UK FTA, formally known as the Comprehensive Economic and Trade Agreement (CETA), signed on July 24, is now proceeding to the UK parliamentary ratification process before it can be enforced.
Gulf Insider
08-07-2025
- Business
- Gulf Insider
Saudi Arabia Drives Middle East Push Into $600B
Saudi Arabia is spearheading the Middle East's emergence as a global sports powerhouse, backed by large-scale investment, major event hosting and rapid growth in digital sectors, according to a new report by global consultancy Kearney. The report, titled From Passion to Profit: Unlocking Value in Sports , projects the global sports market will exceed $600 billion by 2030. It identifies the Middle East as playing a pivotal role in shaping the future of the industry, citing policy reforms, infrastructure spending and a strong push into esports as core drivers of the region's influence. Saudi Arabia has allocated $38 billion to become a global centre for gaming and esports, while also advancing broader development of sports infrastructure and event management under its Vision 2030 economic diversification strategy. 'The region is innovating at scale: from Riyadh's Sports Boulevard and Qatar's integrated World Cup infrastructure to the UAE's growing ecosystem of digital fan platforms,' said Mohamed Hashem, Partner and Sports Lead for the Middle East and Africa at Kearney. 'Rather than replicating Western models, countries across the region are testing new frameworks that align sport with broader economic and societal ambitions.' The report highlights the transformation taking place across the region, with the UAE, Qatar and Bahrain also playing significant roles through investment in elite talent development, digital platforms, and hosting of global sporting events. The Middle East has strengthened its position on the global sports calendar in recent years by hosting a range of high-profile competitions. These include the FIFA World Cup in Qatar, the Bahrain Grand Prix, the Dubai Tennis Championships, and the upcoming Olympic Esports Games set to take place in Saudi Arabia. According to Kearney, these events reflect more than just regional ambition. They are part of a coordinated strategy to integrate sports into long-term economic planning, drive tourism, and increase international visibility. Infrastructure development is accelerating in parallel. Governments across the Middle East are investing in next-generation stadiums, high-performance training academies and integrated digital ecosystems to support long-term growth in the sector. In the UAE, the sports ecosystem continues to expand, with Dubai recently confirmed as the host of the inaugural World Sports Summit in December 2025. The event was announced by Sheikh Hamdan bin Mohammed, Crown Prince of Dubai, and is expected to further elevate the region's standing in global sports discourse. Kearney's report also highlighted the role of digital-native sectors, with esports identified as a major area of opportunity. Saudi Arabia's $38 billion commitment to developing a world-leading gaming sector is seen as emblematic of the broader shift toward younger audiences, digital engagement, and immersive experiences. This youth-centric focus is being echoed in fan engagement strategies across the region, with a growing emphasis on streaming, personalised content and interactive platforms. Women's participation in sports is also growing. New professional women's football leagues have launched in Saudi Arabia, the UAE and Qatar, while community-level initiatives are expanding access and inclusion. In Saudi Arabia alone, female sports participation has increased by 150 per cent since the introduction of Vision 2030. Kearney's report identifies five key growth levers for organisations aiming to capture greater value in the sports sector. These include commercial excellence—across media rights, sponsorship, matchday revenue, merchandise, and talent monetisation—alongside fan engagement and insights, platform expansion, technology-driven innovation, and operational efficiency. 'Free from legacy constraints,' Hashem said, 'the Middle East is well positioned to develop sports models that align with its economic and social priorities.' The report concludes that the region's blend of financial commitment, strategic planning, and openness to innovation is allowing it to play an increasingly central role in global sports. The shift is not only contributing to economic diversification in Gulf countries but also reshaping how sports are structured, monetised, and experienced read: Game On for $70M Esports World Cup in Saudi Arabia
Hans India
10-06-2025
- Business
- Hans India
India charting a future-ready path in geosciences: Kishan Reddy
Hyderabad: Union Minister for Coal and Mines G Kishan Reddy on Monday said India is entering a new era with science, sustainability, and technology playing a pivotal role in mineral exploration. Addressing after inaugurating the 'Next-Gen Geophysics 2025: Unlocking Earth's Hidden Treasures' conference at the Geological Survey of India Training Institute (GSITI), Bandlaguda-Nagole, in the presence of MP Eatala Rajender, Kishan Reddy highlighted the vital role of geophysics in achieving the goals of Viksit Bharat by providing innovative tools to address challenges such as climate change, urbanisation, and disaster risk mitigation. The Minister lauded the Geological Survey of India (GSI) for organising this timely conference as it celebrates 175 years of dedicated service. He described this milestone as a testament to India's long-standing commitment to the scientific exploration of natural resources. 'Significant advancements including the establishing National Landslide Forecasting Centre and a recent Memorandum of Understanding with Italy aimed at enhancing disaster preparedness,' he said, and called for the expansion of monitoring networks and the adoption of cutting-edge forecasting technologies. Further, the Minister drew attention to India's growing presence in global education and research, noting a 318 percent increase in Indian institutions featured in the QS World University Rankings 2025. He also mentioned the doubling of IIT seats and the creation of the Anusandhan National Research Foundation (ANRF) as examples of the government's commitment to scientific excellence. Kishan Reddy urged geoscientists to embrace emerging technologies such as Artificial Intelligence (AI) and Quantum Computing for enhanced exploration, including predicting hidden mineral resources and interpreting seismic data with greater precision. He highlighted flagship initiatives like the Rs 10,300 crore India AI Mission and the Rs 6,000 crore National Quantum Mission as catalysts for innovation. Emphasising the strategic importance of critical minerals, the Union Minister stated that India's future economic strength depends on reducing import dependence on key minerals like lithium and cobalt through AI-powered, clean, and efficient exploration methods. He underscored the need for innovation alongside collaboration and sustainability, advocating for stronger partnerships between government, academia, and industry. The Mineral Exploration Hackathon was cited as a successful model of such co-creation. He also stressed the importance of responsible mining practices that benefit local communities and protect the environment. Eatala Rajender stated, 'Geoscience is entering a transformative era—where traditional methods converge with AI-powered predictive models, quantum sensing, and cutting-edge technologies to revolutionise resource exploration and contribute to building a future-ready, Viksit Bharat'. He emphasised the crucial role of geoscientific research in addressing challenges related to mineral security, environmental resilience, and natural disaster preparedness. He commended GSI's adoption of Artificial Intelligence and Machine Learning in geohazard assessments and mineral investigations, and he expressed confidence in India's ability to become a global leader in data-driven exploration and sustainable resource management. Earlier in the day, Kishan Reddy and Eatala Rajender inaugurated two newly inducted Hydrostatic Drill Rigs at the Geological Survey of India (GSI), in the presence of Dr S Ravi, Deputy Director General and Head of Mission-V (Training and Capacity Building), GSITI; Asit Saha, Director General, GSI; S.D. Patbhaje, Additional Director General, GSI (Southern Region). Marking a significant milestone in India's geoscientific capabilities. He also inaugurated the Next-Gen Geophysics Expo Pavilion, showcasing advanced geophysical tools and AI-enabled exploration models. The pavilion features live demonstrations of frontier technologies supporting India's vision for sustainable development of critical mineral resources. The two-day conference has brought together eminent geoscientists, researchers, and industry leaders from India and countries including Australia, Canada, Russia, the USA, Poland, Malaysia, and Singapore. The agenda focuses on advanced geophysical technologies, AI/ML-integrated exploration models, high-resolution subsurface imaging, and data-driven mineral targeting.
United News of India
09-06-2025
- Business
- United News of India
Union Minister K Reddy calls for AI-driven, sustainable mineral exploration
Hyderabad, June 9 (UNI) Union Minister for Coal and Mines and Telangana BJP President, G Kishan Reddy, emphasised the growing importance of science, sustainability, and emerging technologies in mineral exploration to achieve the goals of Viksit Bharat. Speaking after inaugurating the 'Next-Gen Geophysics 2025: Unlocking Earth's Hidden Treasures' conference at the Geological Survey of India Training Institute (GSITI), Hyderabad, on Monday, he highlighted key initiatives, including the establishment of the National Landslide Forecasting Centre and an MoU with Italy to enhance disaster preparedness. The minister praised GSI's 175-year legacy and urged geoscientists to adopt cutting-edge tools like AI and quantum computing for precise exploration. He cited the Rs 10,300 crore India AI Mission and Rs 6,000 crore National Quantum Mission as catalysts for innovation. He also stressed reducing dependence on imports of critical minerals like lithium and cobalt through responsible, tech-driven mining. Malkajgiri MP Eatala Rajender called geoscience a transformative field, where traditional methods converge with AI and quantum sensing. He lauded GSI's integration of AI/ML in geohazard assessments and mineral investigations, expressing optimism about India's leadership in sustainable resource management. Earlier in the day, Kishan Reddy and Rajender inaugurated two new hydrostatic drill rigs and the next-gen geophysics expo pavilion, which showcased advanced geophysical tools and AI-enabled exploration technologies. The two-day international conference features participants from India, Australia, Canada, Russia, the USA, Poland, Malaysia, and Singapore. The agenda includes AI-integrated exploration models, high-resolution subsurface imaging, and sustainable mineral development strategies. Senior GSI officials, international delegates, and geoscientific experts are attending the event, underscoring India's growing global presence in geoscience and innovation, an official statement said. UNI VV ARN
