K2fly Ltd says Rio Tinto has signed a five-year contract for its Ground Disturbance solution, with the miner planning to roll it out across its iron ore operations in the Pilbara of Western Australia.
The contract will generate annual recurring revenue of A$620,000 ($450,676) over the initial five-year term, the ASX-listed company says.
The addition of Ground Disturbance expands the number of K2fly solutions used by Rio Tinto to five out of K2fly’s nine existing solutions which already include: Resource Inventory & Reconciliation, Dams & Tailings, Community & Heritage and Mine Geology Data Management, K2fly says.
K2fly says its Ground Disturbance solution provides a single source for applying, approving, tracking, reporting and submitting closure of permits and rehabilitation commitments surrounding ground disturbance activities.
Nic Pollock, CEO of K2fly, says: “We are delighted to continue to expand our relationship with Rio Tinto into ground disturbance. Effective ground disturbance systems are the glue for operations that want to ensure technical assurance around land management, maintain licence to operate and ensure high environmental, social and governance (ESG) standards. We are pleased to be working closely with Rio Tinto across a number of key ESG solutions globally.”