Tag Archives: Axis Mining Technology

CoreTech to expand reach of Orica advanced geospatial and geotechnical technologies

Orica Digital Solutions and Core Tech, a leading distributor of exploration technologies in Latin and Central America, have announced distribution agreements marking a significant milestone for both companies.

The agreements aim to enhance the availability and reach of Orica Digital Solutions’ advanced geospatial and geotechnical technologies throughout Latin and Central America.

Under these agreements, Core Tech will distribute Orica Digital Solutions’ Orebody Intelligence geospatial technologies (Axis Mining Technology) and geophysical technologies (WIREBmr™) to customers across Peru, Colombia, Ecuador and Mexico. These technologies are designed to provide comprehensive geospatial and geotechnical insights, crucial for optimising exploration and mining operations.

Orica Digital Solutions Senior Vice President, Rajkumar Mathiravedu, said: “By leveraging Core Tech’s robust and extensive distribution network and deep industry expertise, we can deliver our geospatial and geotechnical technologies to our customers in Latin and Central America. These agreements will enable us to better serve the mining industry’s needs and deliver innovative solutions in this dynamic region, ensuring that our advanced technologies reach the right hands, ultimately driving safety, efficiency and productivity in mining operations across Latin and Central America.”

The agreements are effective immediately, and both companies are working closely to ensure a seamless transition and uninterrupted supply of Orica Digital Solutions’ geospatial and geotechnical technologies to the exploration market in Latin and Central America.

Director General Manager of Core Tech, Jose Antonio Fernandez, said: “We are excited to reaffirm Axis Mining Technology and add WIREBmr products to our distribution portfolio. These distribution agreements align with our shared commitments of providing safe, reliable and high-quality technologies to customers across Latin and Central America.”

These distribution agreements underscore the commitment of both Core Tech and Orica Digital Solutions to driving innovation and excellence in the mining industry.

Pictured from left: Angus Melbourne – Chief Technology Officer – Orica, Jose Antonio Fernandez – Director Core Tech; and
Rajkumar Mathiravedu – Senior Vice President Orica Digital Solutions

Orica and Caterpillar set for mine to mill collaboration

Orica’s Digital Solutions segment continues to make major inroads across the mining value chain, with its latest mine to mill initiative set to involve a collaboration with Caterpillar.

Speaking during the company’s FY23 financial results webcast, Sanjeev Gandhi, Orica Managing Director and Chief Executive Officer, said demand for software, sensors and data science continued to increase as orebodies become increasingly hard to find and extract against a backdrop of high commodity prices and increasing ESG obligations and commitments.

“Customers are continuing to seek operational efficiencies across the mining value chain and unlocking the value of digitisation and automated workflows is key to achieving these efficiencies,” he said.

Orica was reporting Digital Solutions’ first full year result, with Gandhi highlighting a doubling of earnings alongside a significant improvement in margins.

“This was driven by growth across all three sub-verticals, namely Orebody intelligence, Blast design and Execution solutions, GroundProbe,” he said.

The Digital Solutions business has been identified as one of Orica’s key growth verticals as it continues to build and invest in the next generation of digital technologies and solutions, beyond its blasting core.

This was witnessed during the company’s most recent financial year, when, among other developments, it acquired Axis Mining Technology, a leader in the design, development and manufacture of specialised geospatial tools and instruments for the mining industry; as well as released what it said was its most innovative fragmentation monitoring solution yet, FRAGTrack Gantry.

Gandhi said: “Innovation continues to be a focus, and this year we have released 15 new digital features, with a focus on artificial intelligence-based solutions to support our customers.”

And, as the industry and Orica’s customers look to solve their biggest challenges through partnership, Gandhi announced its new collaboration with Caterpillar, saying the two companies had signed a memorandum of understanding (MoU) to explore opportunities to integrate key elements of their respective domains.

He explained: “The initial focus will be on the potential integration between Orica’s Rhino™, BlastIQ™ and FRAGTrack™ technologies with Cat® MineStar™ Terrain technologies.”

Rhino (graphic pictured above) is an autonomous drill string-mounted geophysical sensor that measures unconfined compressive strength while drilling. It enhances orebody knowledge in real-time, enabling miners to make better blast planning, improve fragmentation profiles and increase throughput, according to Orica. The technologies in the BlastIQ platform, meanwhile, are, Orica says, designed to deliver economic and operational value individually, with the benefits maximised when integrated in a systemised process. And finally, FRAGTrack is Orica’s state-of-the-art fragmentation measurement tool designed to provide rapid insights into the outcome of blasting processes.

Caterpillar says of MineStar Terrain: “Cat MineStar Terrain uses high-precision guidance technologies, material tracking and more to help your machines work according to plan – increasing efficiency, reducing variability and helping you get the most out of your drilling, digging, loading and grading operations…The solution helps you increase drill capacity, crusher throughput and material accuracy while driving consistency in payloads and bench heights.”

Gandhi said on this MoU: “The goal of this integrated workflow is to provide customers with high-fidelity rock property information enabling significant improvements to on-bench safety, drilling and blasting program accuracy and productivity, along with higher quality blast outcomes that generate enhanced mill performance.”

In the future, the two companies intend to extend their collaboration to optimisation of the entire value chain, from mine to mill, according to Gandhi, who said the approach aligned with both organisations’ ambitions to create sustainable solutions and services that will build the momentum for more intelligent and solution-driven mining ecosystem.

Orica fills gap in Orebody Intelligence portfolio with Axis Mining buy

Orica has entered into a binding agreement to acquire Axis Mining Technology, a leader in the design, development and manufacture of specialised geospatial tools and instruments for the mining industry, as it looks to create a full-service Orebody Intelligence business that positions the ASX-listed company to become what it says is the industry’s first integrated, end-to-end, mine to mill solutions provider.

The acquisition represents a highly strategic acquisition and a valuable addition to Orica’s Digital Solutions platform, it added, saying Axis’ geospatial technology accelerates its capabilities to support new mineral discoveries required for decarbonisation. Axis’ gold and copper exposure also accelerates Orica’s broader commodity mix objectives.

At last week’s Investor Day presentation, Orica’s Chief Technology Officer, Angus Melbourne, highlighted the geospatial area as a “a gap” in the company’s Orebody Intelligence porfolio.

The binding agreement has seen Orica offer A$260 million ($180 million) in cash to acquire 100% of the share capital in the entities that own Axis, in addition to a deferred earn-out payment up to a maximum A$90 million. These amounts are to be funded through the proceeds of a fully underwritten A$650 million institutional share placement.

As part of the deal, Axis’ existing management team will enter into new employment agreements with Orica as part of the integration process.

Orica Managing Director and CEO, Sanjeev Gandhi, said: “Orica’s purpose is to sustainably mobilise the earth’s resources and achieving this starts with a better understanding of the orebody at the start of the mining value chain. I believe that Axis’ differentiated geospatial tools and instruments, combined with our existing suite of digital solutions, will provide compelling orebody intelligence to customers and support the delivery of the industry’s first end-to-end solutions platform, from mine to mill.

“The integration of Axis’ technology and expertise will accelerate our ability to support our customer’s digital transformation efforts around the world, helping them to operate more efficiently, sustainably and safely.”

Axis is a growing business that designs, manufactures and distributes specialised navigation instrumentation, data and drilling solutions for the mining industry. Axis has a differentiated market position, offering a comprehensive suite of tools and instruments to meet customers’ geospatial requirements, according to Orica. Its products are manufactured and assembled at Axis’ UK and Australian facilities, and distributed to over 30 countries.