RPMGlobal has announced an increase in funding for its optimisation software development program after receiving industry funds to further support the ongoing development of its decision support software for underground mining.
The support has been given by the government of Ontario through the Ontario Centre of Innovation (OCI), an organisation that supports innovators to commercialise new Ontario based technologies. RPM acquired three optimisation software modules in December 2021 from Sudbury-based MIRARCO as part of a three-year collaborative research partnership. MIRARCO is a solution research provider for the mining industry and research arm of Laurentian University.
David Batkin, RPMGlobal’s Head of Product Strategy, said it was terrific to be working with forward thinking, likeminded organisations.
“RPM and MIRARCO have had a great working relationship for the past few years, and it is fantastic to be enjoying this additional support from OCI; it will go a long way to further develop these important optimisation programs,” he said.
MIRARCO President and CEO, Dr Nadia Mykytczuk, added: “This collaboration with RPMGlobal will result in full commercialisation and deployment of tools that will benefit the mining industry. We are really excited to have our teams working together as well as bringing together new academic collaborators from Queen’s University.”
The software modules benefitting from the investment are part of RPM’s Design and Scheduling product portfolio. These modules consist of the Advanced Valuation Module (AVM) and the Ventilation Constraint Module (VCM), both of which extend and complement the functionality of RPM’s mine optimisation software solutions.
The AVM facilitates the generation of optimised underground mine plans that are robust to uncertain product prices and ore grades. The VCM generates optimised underground mine schedules based on ventilation constraints.
The funding provided by OCI, which has a proven track record when it comes to supporting software development, RPM says, will be matched by RPM and will be used to support the multi-year collaboration arrangement between RPM and MIRARCO.
Batkin concluded: “We are very thankful to OCI for this support and for having the foresight and vision to recognise the value that this technology will bring to the underground mining industry.”