Tag Archives: Polymathian

Sandvik to pair Polymathian portfolio with Deswik solutions for ‘unique’ combination

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Sandvik has signed an agreement to acquire Polymathian Industrial Mathematics, an Australia-based provider of advanced mine optimisation software and services.

Polymathian will be reported in Digital Mining Technologies, a division within business area Sandvik Mining and Rock Solutions (SMR), Sandvik says.

Polymathian’s solutions for automated decision making and process optimisation complements the offering of Deswik, a leading mine planning software company which Sandvik acquired in April, the company added. Its product offering includes mining operations optimisation and simulation software for areas such as extraction process, material flow, energy and fuel consumption, and maintenance efficiency. It counts several of the world’s largest mining companies as customers.

Stefan Widing, President and CEO of Sandvik, said: “With the acquisition of Polymathian we continue to broaden our offering to enhance productivity in our mining customers’ value chain. Polymathian’s automated decision making and process optimisation, together with Deswik’s software tools for planning and managing production, represent a unique combination in the market.”

Polymathian will be a part of Business Unit Deswik and remain OEM agnostic, according to Sandvik.

The acquisition will enable Sandvik to further accelerate the development of its end-to-end optimisation, battery-electric vehicle (BEV) and AutoMine® offerings, by leveraging Polymathian’s unique skillset and platform, it added.

Mats Eriksson, President of Sandvik Mining and Rock Solutions, said: “Polymathian is a great addition to Sandvik Mining and Rock Solutions, and enables SMR to now have a unique digital portfolio that will help our customers to optimise their data-driven operations across the value chain and ensure their mine design is fully compatible with technologies like AutoMine and BEVs. I am very pleased to welcome Polymathian to the Group.”

Polymathian was founded in 2013, has 50 employees and is headquartered in Brisbane, Australia. The company’s annual revenues per June 2022 were around SEK100 million ($9.6 million). The transaction is expected to close during the March quarter of 2023.

Polymathian finds funding for automation work at OZ Minerals’ Carrapateena

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Polymathian will be spearheading a A$2 million ($1.5 million) industrial mathematics project funded by industry partners and METS Ignited, and focused on OZ Minerals’ Carrapateena mine in South Australia.

This project will form part of the Industry Growth Centre’s latest Tranche 4 Collaborative Project funds totalling a combined investment of A$6 million, METS Ignited said.

The grant was awarded to Polymathian’s project at OZ Minerals’ Carrapateena copper-gold mine where, in collaboration with OZ Minerals, Downer, Deswik and others, the company is applying industrial mathematics to deploy the world’s first highly automated short interval control (SIC) system for the near real-time optimisation of sub-level cave development and production mining.

Project Lead and Partner at Polymathian, Steven Donaldson, said: “This funding allows us to marry industrial mathematics, automation and mine planning to optimise asset value at Carrapateena and explore how SIC can be done going forward.”

By applying industrial mathematics to the SIC process, the project collaboration automates the optimisation of the mine plan and autonomously dispatches tasks to the underground fleet by responding to live data.

Plans can be updated to respond to dynamic changes in the mine, as live data is received and assumptions change, according to the company. For example, at a weekly level, plans are updated as required for a rolling seven-day window, rather than on a set schedule for a fixed seven-day period. This avoids having fixed weekly plans that are at risk of becoming out-dated.

Matthew Fargher, OZ Minerals’ Senior Engineer for Long Term Planning at Carrapateena, said: “This project pursues a world first in mine planning where the mine plan is autonomously optimised and tasks dispatched in semi real-time to the underground fleet. By doing so, we can potentially remove value destroying constraints such as self-imposed time horizons and subjectivity in decision making to deliver the next best decision.

“We are excited to be a part of the team that’s delivering the blueprint for mine planning and executional change globally.”

Donaldson added: “The potential market for this tool is really quite large as the way we are solving the problem is very generic. We see this solution having potential to optimise operations across all hard-rock underground mines in Australia and globally.”

The project also has the potential to create new jobs at Polymathian including accelerating the growth of its newly opened Perth office.

METS Ignited Chief Executive, Adrian Beer, says the quality and capability of the funding applicants is becoming increasingly more sophisticated, with a number of the solutions having broader applicability across a number of sectors.

“This round of project fund recipients demonstrates just how capable our leading global METS sector is, and what is possible within our local technology sector,” Beer said.

“We are extremely proud of what has been achieved by the project fund recipients to date, and this new addition to the project funding shows that we have a huge potential to build upon.”

METS Ignited to fund four collaborative mining technology projects

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In line with the Federal Government’s recently published Modern Manufacturing Strategy, METS Ignited has announced the latest award of projects as a part of its Industry Growth Centre collaborative project funds.

It has announced the award of METS Ignited Tranche 4 Collaborative Project Funds, with the combined investment of over A$6 million ($4.3 million) from METS Ignited and industry partners going to AMOG Pty Limited, Gekko Systems, Polymathian, and Universal Field Robotics.

The fourth round of the funds focused on the application of analytics, automation and robotics in the mining industry. The selected projects have originated in the local market, are industry-led, and are projected to deliver a high degree of global impact potential and substantial benefits to the METS sector, according to the group.

The success of these four projects with over 17 industry partners in total is projected to deliver almost two hundred new roles, and generate a combined revenue contribution of over A$100 million for the sector, it said.

“METS Ignited’s role as an Industry Growth Centre is to lead collaboration between Australian mining equipment technology and service (METS) companies, global suppliers, mine operators, research organisations and capital providers to support the improved productivity, competitiveness and innovative capacity of the Australia’s world-leading METS sector,” METS Ignited said.

METS Ignited Chief Executive, Adrian Beer, says the quality and capability of the funding applicants is becoming increasingly more sophisticated, with a number of the solutions having broader applicability across a number of sectors.

“This round of project fund recipients demonstrates just how capable our leading global METS sector is, and what is possible within our local technology sector,” Beer said. “We are extremely proud of what has been achieved by the project fund recipients to date, and this new addition to the project funding shows that we have a huge potential to build upon.”

(pictured is Polymathian’s ORB mining optimisation software)