In the past, most mining and metallurgical companies had their own research and development units in-house. However, costcutting measures due to the economic downturn have led to these entities being closed or their capacity being significantly reduced. This does not mean that the need for innovation has abated. It is during the tough times of economic downturns that demand on productivity, process efficiency, sustainability, and quality is high in order for businesses to survive. Hard times are a catalyst for innovation. It is at such times that mining and metallurgical companies should have a relook at how innovation can impact their cost base, productivity, and longer term competitiveness. Innovation is a multidisciplinary venture driven by research and is impossible without the relevant researchers trained in the appropriate fields such as engineering, chemistry, finance, resource management, information technology, environmental management etc. who can contribute significantly across the different sectors of the mining and metallurgical industry. All these skills can be found at universities, and opportunities thus exist for universities to step in and provide the much-needed innovative ideas to keep the wheels of the minerals industry turning during the time when inhouse research departments face challenges.In view of the reasons stated, industryacademic partnerships have long been considered to be the most effective relationship due to the shared goal of advancing knowledge and innovation in order to better address the needs of industry, as well as contribute directly to economic growth and development. Universities and industry can thus link to merge the discovery-driven culture of universities with the innovation-driven environment of industry. As partners, they can plan strategically, invest in technological advancement, and deliver breakthrough discoveries that can fuel the industry and greatly improve the competitiveness of the country's economy.Presidential Address: Industryacademic collaborations: an opportunity for the minerals industry during the economic downturn by S. Ndlovu* † Although collaborative partnerships between universities and the minerals industry have been ongoing for ages, the potential benefits that can be realized through such partnerships have become increasingly important and are now more relevant than ever. This is because the growing complexity of problems such as the depletion of rich and easy-to-treat ore deposits, rising production costs, water issues, and stringent environmental regulations, coupled with increasing economic pressure and hence budget cuts, have made it difficult for companies to do the necessary research in-house in order to remain globally competitive. Similarly, universities are constantly faced with challenges such as lack of steady financial support for their research and training programmes, as well as the need to have their research commercialized or applied to solve existing industry problems so as to enhance their reputation.Although industry-acad...