Tag Archives: MineRP

Inspire Resources and MineRP to collaborate on new digital mining tools

Inspire Resources and MineRP have signed a Memorandum of Understanding to work together on creating new digital tools for each others platforms.

The agreement is expected to lead to the development of tools for both the Mineral Impulse™ business model and the MineRP platform.

Inspire Resources is a Canada-based corporation formed in 2019 to implement a new mining-centred business model for community-owned development projects. Its current focus is transforming the design process for speed, flexibility, transparency and community participation.

“We are consulting to mining company clients who are looking for imaginative new approaches,” the company explains.

It added: “We are preparing for a time when the community becomes the customer for Mining-as-a-Service (MaaS), and we intend to be the first MaaS prime contractor.”

MineRP, meanwhile, is an independent software vendor focused on the development of a platform that serves the mining industry through integrating all mine technical systems into a single spatial temporal platform. The company is in the process of being taken over by Epiroc.

Inspire Resources President, Andy Reynolds, said: “Our discussions with MineRP began even before we incorporated Inspire Resources; we share a positive outlook on transformative opportunities in mining, and this collaboration will be a very welcome boost to the start-up path for Inspire Resources.”

Pieter Nel, CEO of MineRP, added: “MineRP realises that creating and sustaining real value to mines requires an ecosystem of partners. We are delighted to partner with mines and innovative companies like Inspire Resources to bring solutions focused on the interests of both mines and communities to the industry.”

Epiroc strengthens digitalisation offering with MineRP acquisition

Epiroc has agreed to acquire MineRP, a software company majority owned by Dundee Precious Metals that specialises in increasing productivity for mines through integrated planning, execution and analytics.

MineRP has offices in South Africa, Canada, Australia and Chile. The company supports large and medium-sized mines globally in strengthening and optimising their operational efficiency by providing a software platform solution that integrates all technical mining data and other information such as machine data and ERP systems. MineRP has about 200 employees and had revenues of about $16 million for the 12 months ending June 30, 2020.

Helena Hedblom, Epiroc’s President and CEO, said: “This acquisition fits well into Epiroc’s focus on supporting mining companies on their digitalisation journey. The combination of MineRP’s platform capabilities with Epiroc’s digital solutions, partners and global presence has the potential to transform the way that mines operate.

“MineRP is a high-quality software provider with significant experience of connecting mines from pit to port and, together, we will continue to make mining customers’ operations even more smart, safe and seamless.”

The business will become part of Epiroc’s Digital & Technology division.

While Epiroc did not disclose the acquisition price, in a separate press release Dundee Precious Metals said the consideration for its fully-diluted 70% equity interest in MineRP and the repayment of DPM shareholder loans included:

  • Around $40 million in cash representing the estimated portion payable to DPM on closing of the transaction; and
  • Potential additional payments in the form of an earn-out of up to $28.7 million representing the portion payable to DPM upon the achievement of certain MineRP revenue targets in 2021 and 2022.

The acquisition is expected to be completed, after regulatory approvals, in the first half of 2021.

MineRP, IsoMetrix to combine mining risk and production management tools

South Africa-based, mining-focused software companies MineRP and IsoMetrix have announced a formal partnership that will, they say, offer the market an unmatched advantage in integrated risk and production management.

The two companies’ software products provide a combined ecosystem to facilitate real-time management of risk, hazards and critical controls, underpinned by three-dimensional spatial visualisation.

Paul Marketos, Co-Founder of IsoMetrix, said the partnership with MineRP “is a huge differentiator for us in the market. Our mining customers can now spatially visualise their EHS (environmental, health and safety) risks as they relate to production, in an integrated way”.

Empie Strydom, VP of Marketing at MineRP, said risk was, in the past, seen as a compliance function. “But, now we understand that risk management is a key component of a mining company’s performance and production,” he said. “The clearer – and more integrated – a view of risk the mine has, the more easily these risks can be managed and the lower its costs will be.”

Marketos added: “In most mines, the EHS function operates in isolation from production. Our combined offering integrates EHS activities into production. For example, you can schedule safety inspections automatically on the back of production data that feeds directly into IsoMetrix. The MineRP Short Interval Control solutions will ensure all daily tasks across EHS and production activities are scheduled and monitored.”

Focusing on resource-based economies, both companies have offices in the Americas and Australia.