Tag Archives: Andrew Job

Plotlogic’s precision mining pursuit bolstered with new investor funds

IoT, Mining finance, Mining services, Mining software, , , , , , ,

Plotlogic’s mission to deliver precision mining across the world has been given a boost with A$7.5 million ($5.5 million) of funding from international investors.

Plotlogic’s primary focus is on providing accurate real-time orebody knowledge to enable greater operational efficiency and resource utilisation. Its OreSense® technology has demonstrated its ability to improve health and safety, enhance overall mining operations and deliver tangible productivity gains, according to the company.

Andrew Job, former mining manager and company Founder, recently completed his PhD in artificial intelligence-based sensing at University of Queensland, and has said “Plotlogic’s technology is an exciting development in resource knowledge and forms an important part of our growth as we digitally transform our mining businesses”.

Plotlogic’s most recent international deployment of its OreSense system was to an Anglo American project in South Africa. This comes on top of deployments at BHP and South32’s operations.

The company says it continues to increase its global footprint with imminent deployments to South America, North America, Asia and Russia.

Precision mining with the help of technologies like OreSense have the potential to increase worldwide industry value by $370 billion/y, according to Plotlogic, while reducing carbon emissions and improving the sustainability of mines over their life cycle.

To support commercial expansion, Plotlogic’s team has grown substantially, with the team currently sitting at 30 people, up from only six a year ago. It also has plans to double in size before the end of this year.

Plotlogic raises profile and funds with BHP Iron Ore contract

Automation, IoT, Mine operation news, Mineral processing, Mining services, Mining software, Steel and iron ore, , , , , , , , , , , ,

Australia-based Plotlogic and its artificial intelligence-based ore-characterisation technology has won admirers from both venture capital funds and the world’s biggest miner by market capitalisation.

The company announced this week that four of the world’s top artificial intelligence (AI) focused venture capital funds – Baidu Ventures, DCVC, 8VC, and Grids Capital – had invested in an over-subscribed angel round of funding for the company.

On top of this, Plotlogic confirmed it had signed its first contract to embed OreSense, its new AI ore characterisation technology, into an iron ore mine site of BHP’s in the Pilbara of Western Australia. This technology uses hyperspectral analysis and AI to optimise ore recovery on mine sites.

Plotlogic’s vision is to enable autonomous mining operations using precise grade control with its new AI ore-characterisation technology, bringing technology that can “see and grade ore” to optimise operations and maximise yield, it said.

“Plotlogic uses AI, computer vision and spectral analysis in real time to optimise the recovery of ore from mine sites,” the company said. “Accurate ore intelligence enables precision mining that lowers operating costs, minimises energy consumption and reduces operational uncertainty.”

Precision mining with the help of technologies like OreSense have the potential to increase worldwide industry value by $370 billion/y, according to Plotlogic, while reducing carbon emissions and improving the sustainability of mines over their life cycle.

Founder and CEO, Andrew Job, said: “The mining industry is years behind other industries in utilising big data and AI: as a result, there is a lack of fast and accurate orebody knowledge that ultimately restricts yield. With our technology we can grade every tonne of ore accurately, before it even leaves the ground – driving efficiency, sustainability, and profitability. Plotlogic can optimise the mining process from pit-to-port with pinpoint precision.”

The team behind the technology, in addition to mining engineer Job, include Dr Richard Murphy, one of the world’s leading experts in hyperspectral geology, and Dr Michael Edgar, an experienced physicist and expert in optical sensors with experience spanning NASA and CalTech. Plotlogic has more than doubled its workforce since the start of the year, plans to double again before the end of the year, and once again next year, the company said.

Plotlogic said research collaborations with the University of Queensland’s Smart Machines Group and the Mineral Research Institute of Western Australia aided its quick establishment as a leader in real time high precision ore mapping and modelling.

Job said successful field trials with BHP’s iron ore and coal divisions, AngloGold Ashanti and Citic Pacific Mining over the past three years had provided valuable learnings that improved the technology and value proposition of OreSense across the iron ore, gold and coal sectors.

“Our technology has been purpose designed and built from the ground to best meet industry requirements,” he said.

On the BHP Iron Ore contract, Job said: “The opportunity to partner with the world’s biggest mining company is instrumental to our collaborative approach in the development and implementation of new technology for the mining industry.”