idoba, Perenti’s technology driven products and services business, says it has been collaborating with Sumitomo Corporation under a Memorandum of Understanding (MoU) for the co-creation and joint development of digital mining products for the advancement of sustainable mining practices.
Sumitomo is a major investment and trading group, consisting of over 900 companies in 112 countries. It will, Perenti says, leverage its global mining industry network to bring a unique user perspective that will complement Perenti and idoba’s mining services and technology expertise.
Under the terms of the MoU, Sumitomo and idoba will collaborate and jointly develop digital mining services, including mining process optimisation and carbon footprint management. Included within this is:
- Mining process optimisation – by connecting and analysing mine performance data to predict future performance and provide decision support; and
- Carbon footprint management – to generate predictive decision guidance that will help mine owners on their pathway to net zero carbon equivalent emissions, while optimising cashflow and performance against global emission standards.
Mark Norwell, Managing Director and CEO of Perenti, said: “Our agreement with Sumitomo is a vote of confidence in idoba’s industry-leading capability. The combination of Sumitomo, idoba and our contract mining expertise will support our business evolving to meet the needs of the ever-changing mining industry and global expectations.
“In idoba we are building an innovation-based business with a focus on helping clients achieve operational excellence and world’s-best environmental performance through product and service development.”
Sarah Coleman, Chief Executive Officer of idoba, added: “The mining industry recognises the value that advanced digital technologies bring to operational performance, asset efficiency and sustainable business.
“The MoU with Sumitomo will help us expand our suite of technology driven products and services to meet the mining industry’s demand for technology and sustainability to be integrated with mining domain expertise, and a human-centred approach.”
Last year, Perenti launched idoba, calling it a “new capital light technology-driven service offering” available to the mining and resources industry aimed at providing digital product and technology services to the sectors. This followed Pereti’s July 2020 acquisition of Sandpit Innovation and Improvement Resources (a consultancy) and, in April 2021, the buy of Optika Solutions (a software product and solutions development company).