Tag Archives: RPMGlobal

RPMGlobal futureproofs inventory management for miners

RPMGlobal has completed the acquisition of IMAFS, adding a cloud delivered, inventory management and forecasting software solution to a suite of technology solutions that use proprietary artificial intelligence algorithms to greatly improve inventory management.

IMAFS analyses inventory data from corporate Enterprise Resource Planning (ERP) systems to deduce the optimal timeframe for inventory orders, costs, and order frequency. It supports not only several forecasting methods, but also takes advantage of AI and machine-learning capabilities to optimise the calculation of the key variables in inventory management, RPMGlobal says.

The ‘forward looking’ predictive algorithms become particularly powerful when used in conjunction with RPMGlobal’s asset management system, AMT, the company added. AMT uses a Dynamic Life Cycle Costing engine that forecasts, in real time, every maintenance event for a piece of equipment, at a component level, until the end of its economic life.

The future demand of an organisation’s assets, combined with the optimisation algorithms within IMAFS, are the critical pieces of the puzzle to optimise procurement and management of critical parts and components, according to RPMGlobal.

“The delivery of an integrated AMT and IMAFS offering delivers an industry-first, predictive solution with more certainty of the future and less reliance on historical data,” it said.

ERP systems typically use historical consumption to predict future requirements, which, according to RPMGlobal, has its limitations in a volatile maintenance and repair focused industry such as mining.

“This future demand knowledge will further improve the accuracy of parts availability, reducing inventories, decreasing stockouts and reducing equipment downtimes,” it said.

IMAFS has been proven in industry, according to RPMGlobal, with one operation reducing 78% of stockouts for items with high usage, while concurrently reducing stock levels by 14% for the items controlled by IMAFS. Another operation was able to reduce global inventory by 15% within the first 10 months without any diminution of service levels.

RPMGlobal Chief Executive Officer, Richard Mathews, said: “The company is leading the way in the practical application of innovative technology that increased miners’ operational competitiveness. With our growing suite of optimisation products, RPMGlobal has built a capacity to help global operations extract more value where it counts. We are excited to be utilising AI technologies to improve the efficiency of mining operations across the asset management function.”

He added: “We intend to build on this AI capability by including additional variables in the models that may impact availability for our customers operating in remote locations. This experience will also assist us as we look to use these same advanced techniques to further optimise mine planning and scheduling.”

RPMGlobal moves Consulting & Advisory division HQ to Toronto

RPMGlobal’s Consulting & Advisory division has opened its new regional headquarters in Toronto, Canada, to, it says, cater for the increasing growth in the country’s mining investment activity.

As a reflection of the growing size and activity in the Canadian market in terms of global mining investment and mining company headquarters, RPMGlobal’s Consulting & Advisory head office has transferred from Denver to Toronto.

The new Toronto head office is a key component of the company’s refreshed Americas Business Strategy, which also sees the relocation of Avakash (Akoo) Patel, President of the Americas region for RPMGlobal’s Consulting & Advisory business, to Toronto.

Alongside the business re-focus into Canada, RPMGlobal is continuing to grow its team with the recent appointments of resource geologists Jeffrey Smith and Francine Long, based at the new Toronto office.

In line with further anticipated growth in the market, RPMGlobal says it will continue to seek out qualified talent in the engineering and infrastructure space to join the team in Toronto. RPMGlobal’s Environmental, Social and Corporate Governance team is also looking to add to its environmental and community social relations group.

Philippe Baudry, RPMGlobal’s Executive General Manager – Advisory Services, said the company was experiencing rapid growth across its Canada customer base in line with its strategy to grow market share across the Americas.

“Our intention is always to have a very strong support network for our customers and the increased investment in our Toronto footprint is a strong reflection of that commitment,” he said. “Over the years, Toronto’s mining sector has been on a strong growth trajectory, which is indicative of the confidence and stability in the Toronto market.

“With a substantial amount of mining investment and financial decisions around mining now being driven by companies that are mostly headquartered in Toronto or Vancouver, it was a natural decision to move the lion’s share of our focus to Toronto.”

As part of the overarching Americas strategy, RPMGlobal will continue supporting its client base in Denver, Reno and Vancouver, and will continue to grow its presence in South America following the recent establishment of RPMGlobal’s new office in Belo Horizonte, Brazil.

The company’s commitment to the region is supported by the appointment of Marcelo del Giudice as its new General Manager of South America and Principal Metallurgist. del Giudice is a metals and mining professional with proven experience in different base metals and precious metals across Latin America.

Patel said the repositioning of RPMGlobal’s Consulting & Advisory division in the Americas coincided with the growing significance of Canada as a global major mining hub.

“Canada, and Toronto in particular, is a major target for growth in coming years due to the size of the mining market with 47% of all publicly traded mining companies trading on the TSX and TSX-V, and 53% of all mining financing in the last five years being completed on Toronto exchanges,” he said.

“The strategic decision to open up a new office in Toronto positions us well to capitalise on the strong demand for RPMGlobal’s high quality mining advisory services in Canada.”

RPMGlobal looks back on 30 years of XERAS mining software

RPMGlobal is celebrating the longevity of one of the mining industry’s most trusted financial budgeting tools, XERAS, which turns 30 this month.

XERAS was first introduced to the mining industry in 1990 in an English desktop format, and within a year or two, had half a dozen users, according to RPM.

RPMGlobal has transformed the XERAS desktop product into a corporate enterprise solution, XERAS Enterprise, which, it says, is regarded as the budgeting solution of choice for many of the world’s top tier mining companies around the globe.

Now operating off a server-orientated database, XERAS Enterprise provides standardised, integrated budgets within a single environment, which enables users across all levels of the organisation to make informed financial decisions.

XERAS Enterprise’s zero-based budgeting approach delivers true cost control, transparency and financial agility to the budgeting and forecasting process.

Reflecting on 30 years of continuous product investment, RPMGlobal Chief Executive Officer, Richard Mathews, attributed the software’s success to constantly listening, and acting upon, customer’s evolving needs and challenges.

“The uptake of XERAS Enterprise over the years is a testament to the company’s commitment to fostering collaborative partnerships with our customers that places their needs at the front and centre of our product innovation strategy,” he said.

According Mr Mathews, staying on top of evolving market trends is critical to remaining at the forefront of change.

“At RPMGlobal, we are focused on keeping pace with the trends that are shaping the industry, like remote and cloud computing are currently,” he said.

“When XERAS was first created, for example, most mining operations were run as individual businesses. But that has changed over time.

“As organisations have assimilated into larger, multi-site operations, the focus has turned to consistent corporate level solutions and XERAS Enterprise is a key offering in our integrated enterprise suite of products.”

RPMGlobal’s innovative capabilities and ingrained knowledge of the end-to-end mining value chain have helped underpin the continuous improvement process that has led to the re-architecture of XERAS Enterprise throughout its 30-year evolution, it said.

For example, XERAS Enterprise can be integrated into any Enterprise Resource Planning system to deliver a live, zero-based forecasting environment, the company says. This significantly reduces the time it takes to generate budgets and forecasts, delivering companies an accurate financial position at any given time.

Last year marked one of the biggest re-architectural advances for the XERAS products in years with the introduction of XERAS Enterprise 3.0. This release included an updated user experience, improved database technology and enhanced enterprise capabilities.

Mathews said the company remained proud of the continued modernisation of the financial modelling software, which has helped ensure its longevity in the market.

“XERAS Enterprise is a true 21st century software offering that provides trust in the numbers by standardising processes and removing manual data entry, while also allowing for agility and scalability that isn’t available in any other system,” he said.

“Future step-changes in the offering will continue to be driven by customer engagement which involves understanding the client’s usage and requirements and finding solutions that can best fulfil those needs.”

RPMGlobal adds predictive element to mine maintenance solutions with IMAFS buy

RPMGlobal has entered into a share purchase agreement to acquire Canada-headquartered, inventory optimisation management software company, IMAFS.

As a Software-as-a-Service and cloud-delivered provider of inventory optimisation software, IMAFS has more than 20 years experience developing and selling its flagship IMAFS product, RPMGlobal says.

The IMAFS solution is an inventory management and forecasting software solution that connects to an organisation’s Enterprise Resource Planning (ERP) system and uses proprietary artificial intelligence (AI) algorithms to greatly improve inventory management, according to the company. The product has been designed and built for the sole purpose of optimising the inventory holdings of large asset-intensive companies.

RPM CEO and Managing Director, Richard Mathews (left, pictured with David Batkin, Executive General Manager – Technology Consulting), said: “We are very pleased to have concluded negotiations to acquire IMAFS and are really looking forward to welcoming the Quebec-based IMAFS team into the wider RPM family. The product is a great fit with the existing RPM product suite and further builds on our cloud and optimisation offerings.”

RPM explained: “In the mining industry, management and optimisation, specifically the maintenance, repair and operational (MRO) inventory is critical to ensuring operational continuity and attainment of production targets.

“The key to accurately forecasting any type of inventory is understanding future demand. Mining MRO inventory optimisation is often a unique challenge to solve due to low volume and/or erratic turnover with long lead times, high component costs and the complex logistics associated with operating in remote locations leading to companies over-stocking parts inventory and tying up capital unnecessarily.”

When it comes to mining, properly managing MRO inventory is vital, RPM says. If the plant, or key pieces of equipment (loaders, trucks, conveyors, etc) stop operating because spare parts are not available, a costly operational problem develops. A poor inventory optimisation process can result in a company ordering inventory urgently due to reactive inventory processes rather than predictive inventory processes.

IMAFS has developed a hosted subscription service that, RPM says, allows inventory data to be extracted from a company’s ERP product or Computer Maintenance Management system and analysed programmatically.

IMAFS’ proprietary and cutting-edge algorithms also include AI logic incorporating parameters such as transport mode, carrier, weather, customs, seasonality, holidays, availability, and many other data points. IMAFS will also identify excess or obsolete stock that can be returned or disposed of, according to RPM.

Mathews added: “Four years ago, we acquired iSolutions because we understood the importance of planning maintenance in parallel with production. AMT stands alone when it comes to forecasting the lifecycle cost of an asset using its dynamic lifecycle costing engine. This real-time engine accurately predicts when customers will require major parts and components.

“In other words, by going back to first principles (as AMT does), we can predict the future demand that can be factored into IMAFS’ advanced AI algorithms. That future demand is the critical piece of the puzzle so that IMAFS can optimise procurement and management of critical parts and components.”

Mathews says the AMT solution is used by the major OEM’s and their dealer network. These organisations can take forecasts from their customers into the IMAFS product, thereby assisting them in optimising their spare parts inventory.

“While we haven’t had a product to do this in the past, we have been involved in a number of discussions with dealers and miners to do exactly this,” he said.

Robert Lamarre, IMAFS Founder, said: “It is immensely pleasing to see the passion emanating from the team at RPM to championing inventory optimisation and cloud-driven enterprise integration. We are convinced that the IMAFS product suite will benefit from increased investment and the sales and marketing support that RPM can offer these products right around the world.”

Following completion, Lamarre will continue his involvement with promoting IMAFS through a third-party business partner authorised to market and distribute IMAFS products to customers in North America outside of mining and resources.

The acquisition is expected to close on November 25, 2020 subject to several conditions precedent and customary completion events.

RPMGlobal brings mine planning and scheduling solution to UG potash sector

RPMGlobal has worked closely with a number of potash miners to develop a new integrated mine planning and scheduling product specifically tailored to the underground potash industry.

Underground Potash Solutions (UGPS) builds on XPAC Solutions’ strong 40-year history and delivers a true integrated mine planning and scheduling package, according to the company.

RPM says it has developed UGPS to address the unique challenges of underground potash operations through a single integrated mine planning and scheduling package that can be used for design, reserving and scheduling across all scheduling horizons – from strategic to short term.

Underground mining is the most common form of potash mining, accounting for over 80% of global potash output, according to RPM.

Commenting on the new product, Richard Mathews, RPM’s Chief Executive Officer, said: “We are proud to have worked collaboratively with our development partners on UGPS to ensure it meets the everyday practical needs of engineers working in underground potash operations.

“We are confident UGPS can drive a pivotal step-change in mine design and scheduling at potash operations.”

The release of UGPS includes the parametric scheduling benefits pioneered by RPM to automate repetitive and time-consuming tasks that can often take a mine planner days or weeks to perform. Instead of having to manually draw the mine layout in a CAD package, the parametric design techniques of UGPS enable a planner to rapidly generate and analyse multiple scenarios, according to the company.

Changes to any aspect of the design or geology are automatically applied to the final schedule with minimal intervention. “This allows mining engineers to focus on applying their skills to run different scenarios, deepen analysis and deliver more value,” RPM says.

Mathews said UGPS provides a single product that incorporates all aspects of the scheduling process in one.

“Scheduling changes are often triggered by changes to the mine layout, and, in such instances, users are forced to make numerous manual adjustments across several independent tools to correctly model and understand the impacts,” he said.

“Unlike other 2D design tools on the market, UGPS undertakes detailed modelling of the potash deposit in 3D, creating a complete mathematical model of the mine. Moreover, users are able to import existing designs, create new designs or use a combination of both.”

UGPS also introduces enhancements to the scheduling process configured specifically for potash operations.

While users generate detailed schedules for each item of equipment, automated mining rules ensure logical mine development sequences are always followed, according to the company. This allows the engineer to focus on alternative equipment deployment strategies, while having confidence that the detail is being managed automatically in the background.

Mathews concluded: “The release of UGPS is strategically placed to help mine planners unlock new levels of capability, and, as a fully integrated mine planning and design tool, the advanced scheduling methodology and 3D capability contained within UGPS provide a level of sophistication that is unmatched in the market today.”

RPMGlobal brings Software as a Service to the haulage sector

RPMGlobal has launched its first Software as a Service (SaaS) product, providing mining companies, it says, with the capability to undertake haulage calculations in a cloud environment.

With more and more operations choosing to move business-critical operations into the cloud, RPM has leveraged the growing shift from the desktop by collaborating with industry partners to launch a service-based approach to haulage calculations, known as Haulage as a Service (HaaS).

This cloud enabled, service-oriented approach to haulage analysis means users are no longer confined to one application on the desktop. Under the new SaaS model, customers are able to write their own applications to interact with HaaS. Users can then configure haul traces, haul routes, settings and trucks to run travel time calculations automatically in the cloud.

HaaS leverages the travel time calculation engine contained within RPM’s TALPAC product which has been the de-facto standard for simulation within the mining industry for more than 40 years, according to RPM. This calculation engine enables users or customer applications to undertake travel time calculations on demand.

RPMGlobal Chief Executive Officer, Richard Mathews, said: “HaaS is tailored to the current requirements of our customers to cloud-enable their operations and enable their businesses to be conducted remotely no matter where they or their people are physically located.

“Providing our customers with flexible and scalable ways to use RPM’s software is a key part of our customer service promise, and cloud-hosted options enhance our ability to support our customers through an internet-enabled cloud access to the hosted application.

“Making our innovative software available through a variety of delivery methods will remain critical moving forward and with a number of our customers undergoing the transition to cloud environments, we are proud to be at the forefront of this migration.”

The reporting and calibration benefits within the cloud HaaS offering are already resulting in miners requesting access to HaaS, RPM says. Miners are using HaaS as a way of measuring haulage performance and identifying areas of haulage improvement, including being able to automatically compare the actual values out of their fleet management systems (FMS) with calculated values, straight after the haulage route is complete on a consistent basis.

With HaaS, miners have increased operational agility to undertake haulage calculations from any location, according to the company. Because there is no desktop application, the calculations can be delivered via the web or mobile apps instantly.

Mathews said RPMGlobal’s cloud-enabled SaaS solutions help to solve several key industry challenges, including the problem of siloed data.

“With HaaS, data is no longer trapped within individual desktop applications or siloed with individual users,” he said. “This cloud-enabled approach enables operations to get the best overall haulage performance right across their operations irrespective of where the users or applications calling the cloud service are physically located.

“Mining is a dynamic and fluid environment, often making it difficult to benchmark the performance of trucks. Miners have had to use key performance indicators such as Effective Flat Haul in an attempt to normalise data. HaaS addresses this challenge by allowing miners to compare every haul against a benchmark calculated value.”

Mathews concluded: “If there can be one positive thing to come out of the global challenges of COVID-19 it is an understanding that companies need to be able to operate their businesses remotely no matter where their people are physically located, and being able to utilise SaaS applications means they can do exactly that.”

RPMGlobal offers ‘real-time, zero-based maintenance budgeting’ with AMT upgrade

RPMGlobal has unveiled major functionality upgrades in the latest release of its dedicated asset lifecycle costing software – AMT, designed to, it says, accelerate the maintenance budget generation process for miners.

In the release of AMT 8.21, improved maintenance budgeting integration is a key focus, with upgrades drastically improving the speed of the budgeting and forecasting process.

“AMT is already one of the only products on the market that is purpose-built for maintenance cost budgeting that works seamlessly with any miner’s ERP, and this functionality upgrade will further reduce the time it takes teams to produce maintenance budgets,” the company said.

The ability to conduct real-time, zero-based maintenance budgeting instead of relying on static maintenance plans helps operations gauge the true costs of operating equipment, according to the company.

RPMGlobal Chief Technology Officer, Paul Beesley, said innovative technologies such as AMT formed the foundation for smarter asset management decision making.

“As the leading maintenance cost budgeting solution specifically designed for the mining industry, this release has been about taking our clients’ feedback and advancing the maintenance cost budgeting component of AMT’s functionality,” he said.

“With many of our global customers in budget planning mode, this release comes at a great time for operations seeking to speed up analysis of different budget and forecasting options, which leads to improved accuracy and decision making.”

While the focus on this release is centred on upgrading the maintenance budgeting integration process, AMT 8.21 also includes several usability enhancements that improve the experience of the Asset Manager, according to the company.

Some of the notable enhancements include Dynamic Life Cycle Costing engine performance improvements, depreciation forecasting, standard job versions that supports baselining changes made to maintenance strategies, new and redesigned reports, and other functionality enhancements.

AMT is used by hundreds of mine sites worldwide as well as all major OEMs to manage their assets and asset maintenance contracts, according to the company. “With AMT, operators have a holistic life cycle cost view of their asset base to deliver proactive asset management capability,” it said.

At the core of RPMGlobal’s powerful asset management solution is a unique Dynamic Life Cycle Costing engine which enables organisations to be proactive about asset management. As a result, miners have the ability to control and curtail maintenance costs, identify asset life cycle risks and opportunities, and reduce unplanned downtime.

RPMGlobal Chief Executive Officer, Richard Mathews, said: “RPMGlobal’s investment commitment in the industry’s leading asset management solution would continue apace, with additional exciting releases planned over the next 12 months.

“AMT is a major part of our business, and with every release, more enterprise functionality and integration is added.

“We anticipate mining companies will remain focused on keeping their operational costs as low as possible as they seek to unlock greater value from operations. AMT is the proven solution that enables our customers to identify asset lifecycle risks and opportunities to control and reduce maintenance spend which is vital in this current environment.”

RPMGlobal brings automation to underground stope design process

RPMGlobal says it has released an update to its Parametric Design suite of software products specifically tailored to the underground metals space.

Strategic Design Optimiser (SDO) is an innovative design application that combines the complex tasks of strategic optimised stope and development design into a single, coherent automated process, it says.

The intelligent workflow included in the product guides the user through the entire process. This workflow has been developed using the combined industry knowledge and experience of RPMGlobal and its customers.

“SDO is unique in that it uses parametric design principles, combined with several leading optimisation algorithms, in a single user experience,” RPMGlobal says. “SDO uniquely combines both the stope and development optimisation into one package allowing customers to generate, change and update designs on the fly.”

As a standalone strategic design package, SDO can work seamlessly with any existing design tools and is also offered as a fully integrated end-to-end enterprise solution as part of RPMGlobal’s Underground Metals Solution.

Paul Beesley, RPMGlobal’s Chief Technology Officer, said: “The new solution stayed true to the company’s philosophy of creating new products that fundamentally challenged the status quo of how the industry operates.

“SDO reflects RPMGlobal’s large investment in our expanding design portfolio, announced last year, which is underpinned by a strong drive to accelerate innovation in this area of mine planning.”

While the industry has accelerated its uptake of automation, Beesley said the design part of the mine planning process had been largely left out, with existing solutions simply bolting on more functionality to existing tools.

“We have worked closely with miners to bring this unique offering to the market and remain proud to be leading the development of innovative design technologies that provide a step change in mine design,” he said.

SDO builds on the strengths of the Mineable Shape Optimiser by adding a new visual, user interface that automatically manages the large volumes of data generated for resultant stoping scenarios, RPMGlobal says.

Current solutions still rely on the user manually drawing every part of the mine design. Every single change then requires the user to redraw again and again. What usually happens then is the changes simply do not get done, and, with each iteration, it deviates further from the truth.

The underlying principle of SDO is that design changes to one segment are automatically rippled through to any other affected segments, making the necessary design updates, the company says.

RPMGlobal’s fully integrated Development Optimiser automatically generates the first pass underground development network of crosscuts, footwall drives and connecting declines for the selected strategic stoping scenarios and, through its use of parametric techniques, allows for changes to be made and reflected faster than ever before.

Beesley says RPMGlobal’s design solutions are already transforming how the industry thinks and approaches this critical stage of mine planning.

“At RPMGlobal, we are passionate about providing truly innovative solutions that allow for real change in the mining industry and our increased investment in our design and scheduling suite reflects that commitment.

“SDO is the mining industry’s equivalent of what the spreadsheet did for financial modelling when it replaced double entry bookkeeping. This latest release comes at a very exciting time for the company and is a strong indicator of what lays ahead for our design and scheduling solutions.”

RPMGlobal expands UGCS software reach to longwall coal sector

RPMGlobal says it has yet again set a new benchmark in the mine planning software industry by introducing longwall support to its Underground Coal Solutions (UGCS) software product.

UGCS, RPMGlobal’s scheduling package purpose-built for underground coal operations, already supported other common mining methods, such as room and pillar. This latest release of UGCS introduces an enterprise, parametric mine scheduling solution specifically for longwall operations globally, it said.

“Parametric scheduling in mining was pioneered by RPMGlobal to automate the repetitive and time-consuming tasks that can often take a mine planner days, weeks or even months to perform,” RPMGlobal says.

Parametric scheduling allows a planner to rapidly generate multiple scenarios extremely quickly so they can investigate and refine the most attractive options, according to the company.

“The in-built intelligence in the UGCS solution does the heavy lifting, allowing engineers to focus on applying their skills to run different scenarios, deepen analysis and deliver more value,” the company said. “It provides the engineer with tools that help them to identify options that deliver value that would have otherwise been overlooked.”

RPMGlobal Chief Executive Officer, Richard Mathews, expects UGCS to transform the scheduling of longwall operations.

“In other commodities and mining methods where XPAC Solutions are available, we have seen a step change in the planners’ mindset and capabilities,” he said. “Mine planners no longer need to be scripting experts and, with the workflow streamlining the process and Product Optimiser identifying optimum product paths, planners can focus on what they are trained to do.

“Where they once struggled against the clock to get a single schedule out on time, they now have the ability to assess several options and find the best one in a much quicker timeframe.”

UGCS builds on XPAC Solutions’ 40-year history and incorporates the introduction of a new interactive, mixed method scheduling approach that combines the flexibility of manual scheduling with the benefit of automated scheduling. The user can select whether to schedule manually or automatically in any combination and from any point of the schedule, RPMGlobal says.

This dynamic approach to scheduling allows users to provide high-level guidance in terms of where each major item of equipment should work, according to the company.

The automated features then work within this guidance, establishing the detailed tasks the equipment will perform, given ground conditions, the cutting height, the quantity of stone in the cutting profile and the impact of nearby equipment.

This approach allows users to focus on the bigger scheduling issues at play with the comfort of knowing the detail is not being overlooked, RPMGlobal says. “And because the schedule considers each individual continuous miner and longwall, UGCS provides an unparalleled level of confidence in the practicality of the mining sequences produced,” it added.

UGCS also allows far greater flexibility when changing and updating models. It generates working section composites from imported geological data that accounts for the capacity of the different equipment used at the mine, while accurately reflecting loss of coal and dilution from the roof, floor and partings.

Working sections are used to create a detailed 3D mathematical model of the project that can be updated when changes occur, while ensuring the adoption of practical assumptions, such as mining rate.

RPMGlobal’s industry leading Product Optimiser functionality is also available within UGCS. Product Optimiser determines the optimal way to blend, wash and stockpile coal products to maximise value from the mined coal. In addition to individual mining operations, it can also be applied to complexes with multiple mines which use shared processing facilities.

This latest release also allows a clear upgrade path for existing XPAC users in the longwall space, RPMGlobal says, bringing them in line with the advanced software developments using the latest technologies already incorporated across other commodities and mining methods.

Mathews concluded: “The advanced scheduling methodology, Product Optimiser and 3D capability contained within UGCS makes it a far superior solution compared to what is currently available on the market. No other tool offers the speed and accuracy with the same sophistication and flexibility as UGCS.”

RPMGlobal acquires ‘cutting-edge financial mine scheduling optimisation solution’

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.