RPMGlobal has added mine scheduling optimisation capability to its expanding mining software remit with the acquisition of Canada-headquartered Revolution Mining Software.
Privately-owned Revolution Mining Software develops and sells its flagship Schedule Optimisation Tool (SOT™), a “cutting-edge financial mine scheduling optimisation solution”, RPMGlobal said.
SOT is the industry’s only strategic financial optimisation tool for underground mines that enables mine planners to improve productivity and profitability by optimising the net present value (NPV) of the mine schedule, according to RPMGlobal.
SOT emerged out of research undertaken by Mining Innovation, Rehabilitation and Applied Research Corporation (MIRARCO), a not-for-profit corporation of Laurentian University, in Canada, well known for solving complicated mining industry problems through innovative thinking.
“This scheduling program adds value to mining operations in several ways, including by generating life-of-mine schedules that adhere to all specified precedence and operational constraints, optimising NPV based on the user’s financial model,” RPMGlobal said.
RPMGlobal CEO and Managing Director, Richard Mathews, said RPMGlobal will invest in Revolution Mining’s scheduling optimisation tools to deliver even more innovative solutions that add real value for its customers.
“RPMGlobal was born from the belief that mine planning needs to be built on sound economics and the Revolution Mining products strategy is completely aligned with that core value,” he said.
Lorrie Fava, Revolution Mining’s President, said: “The entire Revolution Mining team is so passionate about the solutions we are delivering to the industry, so it was important to us that RPMGlobal also shared our vision and passion, which they clearly do.
“To be able to be a part of a company with RPMGlobal’s pedigree and history is a very exciting prospect for the team at Revolution Mining. We look forward to joining the RPMGlobal team and are convinced that the Revolution Mining Software product suite will benefit from increased investment and the sales and marketing support that RPMGlobal can offer these products right around the world.”
As part of the acquisition, RPMGlobal has also acquired Revolution Mining Software’s Attain™ and SurfaceSOT™ software solutions.
Attain is a software solution that, RPMGlobal says, ensures operational mine planning is systematically aligned with the long-range plan. “This approach ensures the company has optimised short-range schedules that are feasible and aligned with the long-range schedule,” it explained.
SurfaceSOT is a solution that will work for all types of mining operations to maximise their NPV by optimising their long-range schedules, including management of stockpiles and product blending while minimising the re-handling of materials, the company added.
“The acquisition of the SOT, Attain and SurfaceSOT solutions extend the strategic capability of RPMGlobal’s scheduling solutions,” RPMGlobal said. “RPMGlobal’s sophisticated mathematical modelling tools for short and mid-range planning amplify the benefits its customers receive from these optimisation and schedule alignment tools.”
Following completion of the transaction, all of Revolution Mining Software’s employees and management will move across into the RPMGlobal business, the company added.