METS

Aussie tech firm acquired by Hexagon

AUSTRALIAN mine-blast monitoring technology company Blast Movement Technologies has been bought by Sweden’s Hexagon AB for an undisclosed sum.

A BMT blast movement monitor and activator unit

A BMT blast movement monitor and activator unit

BMT had been owned by RCF Jolimont Mining Innovation, which bought the company from its founders in 2015.

The BMT technology allows the accurate delineation of ore boundaries after blasting in opencut mines, helping miners reduce waste and only target the material they need. It involves putting orange softball-sized sensors into the blast holes. After the blast those sensors are tracked to find where the ore and the waste has gone.

BMT chairman Lyle Bruce said Jolimont ran a process to find the best fit and the best price and Hexagon came out on top on both fronts.

The business will continue to be run by BMT CEO Jacques Janse.

Hexagon Mining division chief operating officer Nick Hare said the BMT system was the only one of its kind in the world and was generating significant profits for customers at more than 120 mines globally.

"The company is rapidly growing and is becoming standard best practice for open cut mining operations," he said. "It will be a highly valuable and complementary addition to our suite of pit-to-plant digital solutions."

The ability to accurately track blast movement is a big benefit for mines.

Blasting is a highly variable process and movement of the ore during blasting can cost mines millions of dollars in lost revenue per year from ore loss. 

BMT's solution gives users accurate blast information that is used to recover all of a mine's resources, allowing the valuable ore to be sent to the mill, avoiding dilution and misclassification.

 

 

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

editions

MiningNews.net Research Report 2024

Access a multi-pronged tool to identify critical risks and opportunities in Australia’s mining industry.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.

editions

Mining Journal Intelligence Mining Equities Report 2023

Access an exclusive, inside look on the quarterly mining IPOs and secondary raisings data and mining equities performance tables with an annual Stock Exchange Comparisons supplement.

editions

Mining Journal Intelligence World Risk Report 2023 (feat. MineHutte ratings)

A detailed analysis of mining investment risks across 121 jurisdictions globally, built on 11 ‘hard risk’ metrics and an industrywide survey.