Tag Archives: Spry

Micromine introduces cloud-based AI capabilities to software suite

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Micromine has revealed its 2024 release, saying the update comes with new features and enhancements across the company’s entire product suite, further underscoring its mission to deliver state-of-the-art technology to reshape the industry.

Kiril Alampieski, Micromine’s Chief Strategy and Product Officer, said: “Addressing the ever-evolving needs and requirements of our clients is the driving force behind our relentless focus on innovation to ensure the industry can achieve more by integrating technology within the client operational workflows and reducing data errors and productivity bottlenecks.”

Powered by the company’s cloud-native data sharing and collaboration tool, Micromine Nexus, the 2024 release introduced two significant features: Micromine Origin Copilot and Micromine Geobank Panorama, enhancing the company’s exploration solutions.

Alampieski said: “The ground-breaking feature, Micromine Origin Copilot, is poised to revolutionise geological and resource modelling. The cloud-based AI companion can process data categorised or quantified and employs advanced machine-learning techniques to craft thorough and robust models autonomously.

“Micromine Origin Copilot plays the role of a skilled ally, offering a supplementary perspective to support and authenticate conventional resource estimation methods, thereby empowering geologists with greater confidence and peace of mind in their models. This AI journey begins with grade modelling and will be implemented to other features throughout Micromine Origin and the wider Micromine ecosystem.”

Micromine Geobank’s Panorama feature also benefits from AI and cloud-computing assistance, able to automate the labour-intensive task of creating a seamless down-hole image from drill core imagery, the company says.

The company’s three mine planning solutions received updates for the 2024 release.

Micromine Alastri, the company says, expands on its industry-leading battery-electric haulage modelling capabilities. The functionality allows mine planners to analyse, validate and implement robust decarbonisation strategies that describe what the mine of the future looks like in practice.

Micromine Spry evolved with a broader set of tools and industry-leading visualisation to tackle the demands of modern coal and soft-rock mine planning head-on. The updates are designed to provide a better understanding of mine data and more straightforward methods to communicate results.

Micromine Beyond improves strategic scheduling with new pit optimisation and materials management capabilities. The new functionality builds more confidence and certainty when developing life-of-mine plans.

Alampieski said: “Micromine’s mine planning and scheduling tools are engineered to meet the needs of mine planners at each planning horizon and primary mining method. The 2024 release is future-focused, delivering precise and dependable outcomes for today’s mine planners.”

Lastly, Micromine’s mine production, control and fleet management solution, Micromine Pitram, adds significant improvements, making it easier to track shift progress and gain valuable insights, as well as reducing time spent on data extraction and manipulation.

MICROMINE deepens mine scheduling expertise with Precision Mining addition

Mining mergers and acquisitions, Mining services, Mining software, , , , , , , ,

MICROMINE says it has taken its first step on the acquisition trail, signing a deal to purchase Queensland, Australia-based technology company Precision Mining.

The arrangement will give MICROMINE full ownership of Precision Mining, which is best known for its flagship mine scheduling software, Spry.

The acquisition is the first in almost two decades for MICROMINE, which celebrates its 35th anniversary this year.

Spry expands and deepens the mine scheduling segment in the company’s software suite. Spry provides a dig scheduling, dump scheduling and mine haulage software environment that gives complete results in a fraction of the time, according to Precision Mining.

MICROMINE’s current offering covers the entire mining cycle from exploration to production control, with its products currently used at 2,000 sites in 90 countries.

MICROMINE CEO, Andrew Birch, who took the reins at MICROMINE in 2019 after private equity firm Potentia Capital acquired a majority stake, said Spry would continue to operate as a standalone brand but would also be closely integrated with the MICROMINE suite.

“Precision Mining really stood out, not just for the quality of its software but also for the team’s experience and reputation as consultants in mine scheduling and haulage,” Birch said. “We looked worldwide for a company that was best in class and had the potential to scale globally. Finding an Australian company like Precision that is building innovative technology solutions suitable for the global mining market made the acquisition really attractive.”

Birch said MICROMINE’s focus for the past two years has been on accelerating organic growth and ensuring its product, distribution and customer service are “on point” and the company’s product roadmaps and vision are pushing into the next generation of both technology and mining.

“We are now expanding our reach and depth of expertise in a market we know well,” he said. “This is a very synergistic addition to our business and an important part of our growth strategy.”

The Precision Mining team, led by founders Glen Barnes, Craig Morgan and Zim Chan, will continue working in the business, bringing specialist scheduling and mine production expertise to the MICROMINE stable, according to MICROMINE.

Barnes said: “Joining MICROMINE will give us the experience, resources and global distribution network that are critical and together we will grow the business. The company has been growing quickly since 2007, and we reached the point where we need the expertise and support of a global business like MICROMINE to take it to the next level.”